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mergers & acquisitions

M&A History<< Return to Mergers & Acquisitions
Deal Overview
Buyer: Umpqua Holdings Corporation
Target: Financial Pacific Holding Corp.
Deal Type: Specialty Finance Company
Agreement Date6/3/2013
Announcement Date6/4/2013
Announced Deal Value ($M)158.00
Completion Date7/1/2013
Consideration Breakout
Cash ($M)156.1
Common Stock ($M)1.9
Deal Pricing Ratios
Price / Book (%)455.7358.2
Price / Earnings (x)8.27.5
Price / Revenue (x)NANA
Price / Net Receivables (%)NANA
Price / Managed Receivables (%)NANA
Deal Terms
Description of Consideration
Umpqua Holdings Corp. paid $156.1 million in cash and issued $1.9 of restricted shares to acquire Financial Pacific Holding Corp. from an affiliate of Flexpoint Ford LLC. In addition to this, Umpqua Holdings has also assumed $209 million of debt of Financial Pacific Holding, as a part of this transaction.
Percent Acquired (%)100.00
Purchase MethodAcquisition
Merger of Equals?NA
Estimated Cost Savings (%)NA
Estimated Cost Savings ($000)NA
Est. Restructuring Charges ($000)796
Deal Advisers - Financial Advisers
Party AdvisedAdviser Hired?Firm Name
BuyerYesJ.P. Morgan Securities LLC

Deal Advisers - Legal Counsel
Party AdvisedAdviser Hired?Firm Name
BuyerYesWachtell Lipton Rosen & Katz
SellerYesKirkland & Ellis LLP

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