Project Description

Cole Taylor Bank (Bank) and Taylor Capital Group (TAYC)

Prairie Capital Fund IV

Location Rosemont, IL
Transaction Type PIPE
Investment Date September 2008
Exit Date August 2014
Buyer MB Financial
Business

Provider of a range of commercial banking products and services primarily to commercial customers and their owner-operators in the Chicago metropolitan area

Industry Business Services

Investment Rationale

  • Raise capital in deteriorating financial market conditions in order to strengthen Taylor’s balance sheet and support growth initiatives
  • Support Taylor’s recently established lower middle market bank group and provide opportunities to help the Company further penetrate Chicago and regional markets
  • Partnership with experienced and reputable investor group with proven track record in the banking industry

Value Add

• Maintained Board seat and helped drive strategic initiatives such as capital raises, entering the mortgage banking business and evaluating add-on acquisitions and exit scenarios

TEAM:

Bryan Daniels,