LegacyTexas Financial Group, Inc. (extinct)

LegacyTexas Financial Group, Inc. (extinct)

LegacyTexas Financial Group, Inc. (extinct)

Overview
Date Founded

2010

Headquarters

1309 West 15th Street,Plano, TX 75075-7244

Type of Company

Public

Employees (Worldwide)

881

Industries

Retail & Commercial Banking
Holding Companies

Company Description

ViewPoint Financial Group, Inc. operates as the holding company for ViewPoint Bank, which provides financial services in the Dallas/Fort Worth Metroplex. The bank's deposit products include checking accounts, savings accounts, money market deposits, term certificate accounts, and demand accounts. Its lending products consist of one-to-four family residential mortgage loans; home improvement loans; construction mortgage loans; commercial real estate loans; home equity loans; consumer loans, including new and used automobile loans, recreational vehicle loans, and loans secured by savings deposits; and commercial business loans. The bank also offers brokerage services for the purchase and sale of non-deposit investment and insurance products through a third party brokerage arrangement. The company was founded in 1952 and is headquartered in Plano, Texas.

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Owners & Shareholders
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CNH is a discretionary asset management firm specializing in arbitrage investments. The firm's core investment strategies include convertible arbitrage and merger arbitrage; however, they manage other arbitrage strategies including when-issued arbitrage, stub-trading arbitrage, dual-class arbitrage, and price-pressure arbitrage. CNH also manages a limited number of alternative investment strategies including, SPACs, closed-end funds, distressed securities and PIPEs. To implement their arbitrage strategies and other alternative investment strategies, the firm employs fundamental securities analysis.

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Water Island Capital specializes in event-driven investing strategies, including strategies focused on merger arbitrage, equity special situations, and credit opportunities. These strategies are available to prospective institutional and retail clients through public mutual funds, institutional separate accounts and private funds. Water Island may use derivatives, such as options, as well as short selling or purchase of related securities and those of peer companies, to isolate the outcome of the investment in a particular \"event\" from the broader directional moves of the securities markets. The Arbitrage Funds currently offer four series: The Arbitrage Fund, The Arbitrage Event-Driven Fund, The Arbitrage Tactical Equity Fund and The Arbitrage Credit Opportunities Fund.

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GAM Switzerland is an active, conviction-based manager which developed a comprehensive range of investment strategies across asset classes and styles, with core capabilities in fixed income, equities, systematic, absolute return, alternatives and multi-asset class solutions. The firm's fixed income strategy invest primarily in the government bonds of developed economies but may also include allocations to corporate credit, emerging market debt and currencies in accordance with the strategies' guidelines. These strategies seek to limit downside risk, focusing on trade design, diversification and the maintenance of high levels of liquidity. GAM equity funds are focused on developed and emerging markets as well as thematic approaches. Their absolute return range includes fixed income, macro/managed futures, equity long/short, currencies and commodities strategies. All the strategies share one common aim: to deliver positive, long-term absolute returns with controlled volatility and low correlation to traditional asset classes. The firm's investment philosophy and approach seek to add value through active decision-making at three levels: long term strategic asset allocation, short term tactical asset allocation and underlying investments. GAM uses in-house and external managers to manage their funds.

Recent Transactions
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Prosperity Bancshares, Inc. purchases LegacyTexas Financial Group, Inc.

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LegacyTexas Financial Group, Inc. purchases Legacy Texas Group

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LegacyTexas Financial Group, Inc. issued Common Stock

Transaction Advisors
Investment Advisor

Advised onLegacyTexas Financial Group, Inc. purchases Legacy Texas Group

Legal Advisor

Advised onLegacyTexas Financial Group, Inc. purchases Legacy Texas Group

Auditor

Advised onLegacyTexas Financial Group, Inc. issued Common Stock

Attorney

Advised onProsperity Bancshares, Inc. purchases LegacyTexas Financial Group, Inc.

Legal Advisor

Advised onProsperity Bancshares, Inc. purchases LegacyTexas Financial Group, Inc.

Investment Advisor

Advised onLegacyTexas Financial Group, Inc. purchases Legacy Texas Group

Advisors & Consultants
Advisor

Principal, Investment Banking at Sandler O'Neill & Partners LP

Key Stats and Financials As of 2018
Market Capitalization
$2.13B
Total Enterprise Value
$2.48B
Earnings Per Share
$3.23
Revenue
$461M
Total Equity
$1.09B
Total Debt
$1.01B
Enterprise Value Sales
5.37x
TEVNet Income
16.13x
Debt TEV
0.41x
Net Profit
$154M
Three Year Compounded Annual Growth Rate Of Revenue
14.59%
Five Year Compounded Annual Growth Rate Of Revenue
23.89%
Investors
Details Hidden

Partner at Dorsey & Whitney LLP

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