Pine Brook to Acquire Triumph Capital Advisors, a Leading CLO Manager, from Triumph Bancorp
Triumph Bancorp, Inc. (TBK)
Last triumph bancorp, inc. earnings: 4/20 04:07 pm
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US:NASDAQ Investor Relations:
ir.triumphbancorp.com
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Source: GlobeNewswire
DALLAS and NEW YORK, March 30, 2017 (GLOBE NEWSWIRE) -- Pine Brook, an investment firm focused on building businesses in the financial services and energy sectors, and Triumph Bancorp, Inc. (NASDAQ:TBK) today announced the signing of a definitive agreement for Pine Brook and management to acquire Triumph Capital Advisors, LLC (“Triumph Capital Advisors” or the “Company”), a credit investment firm that manages and provides other services with respect to collateralized loan obligations (“CLOs”) and related securities, and a wholly owned subsidiary of Triumph Bancorp. Pine Brook has also provided a $250 million line of equity to Trinitas Capital Management, LLC. Financial details of the acquisition were not disclosed. Dallas-based Triumph Capital Advisors is a leading investor in syndicated bank loans, with a focus on CLOs. The Company’s team has extensive experience investing in senior secured bank debt and CLO securities, and its knowledge of CLO deal structure, compliance, portfol
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