First Horizon National $2.2 billion acquisition of Capital Bank Financial

4/5/2017
Public acquisition

$ 2.2 billion

Announced

4/5/2017


Overview:

  • Bank First Horizon National has acquired Capital Bank Financial in a $2.2 billion deal.
  • With the purchase of Memphis-based Capital Bank, First Horizon expands its presence in the Southeastern US.
  • Barclays Capital and Morgan Stanley acted as financial advisers for First Horizon.
  • Sandler O'Neill + Partners and UBS Investment Bank acted as financial advisers for Capital Bank.
  • The transaction is expected to close in the fourth quarter of 2017.

Kurt Stumpo - Journalist

Jurisdiction:

United States

Deal type:

Public acquisition

Practice area:

M&A

Governing law:

United States

Industry sector:

Banking


Firms:

Party: First Horizon National (Acquirer)


Party: Capital Bank Financial (Target)

Lawyer: David Shapiro