Banc of California, Inc. has successfully completed its transformative merger with PacWest Bancorp, combining two significant financial entities. The merger has resulted in the creation of a combined bank operating under the Banc of California name and brand. Financial Details of the Merger The merger deal involved PacWest merging into Banc of California, with the […]
Banc of California, Inc. and PacWest Bancorp have entered into a definitive agreement to merge in an all-stock deal. Both boards unanimously approved the agreement, which will see PacWest Bancorp merge into Banc of California, with the resulting combined company operating under the Banc of California name and brand. PacWest Bancorp stockholders will receive 0.6569 […]
Centerbridge Partners and GIC Real Estate have completed the acquisition of INDUS Realty Trust, a real estate investment trust (REIT) focused on industrial/logistics properties, in a merger deal worth $868 million. The acquisition by affiliates of Centerbridge Partners, a global private investment firm specializing in real estate, and GIC, a global institutional investor, was previously […]
Affiliates of investment firm Centerbridge Partners and institutional investor GIC Real Estate will acquire all of the outstanding shares of Indus Realty Trust, a US-based industrial/logistics real estate investment trust (REIT), for around $868 million in cash. Shareholders of Indus Realty Trust are being offered $67 per share. Post-closing, Indus Realty Trust will become a […]
HomeServices of America, a residential real estate company owned, has acquired a minority stake in Title Resources Group (TRG), a US-based title insurance underwriter, for an undisclosed price. Through the deal, the subsidiary of Berkshire Hathaway Energy joins private investment management firm Centerbridge Partners and real estate services provider Realogy Holdings, the other major shareholders […]
MetLife acquisition of Versant Health : US life insurance giant MetLife has signed an all-cash deal worth around $1.675 billion to acquire Versant Health, a vision-care benefits company, from an investor consortium comprising Centerbridge Partners, FFL Partners, and others. Versant Health is the owner of vision care benefits company Davis Vision and vision care solutions […]