Exited Investment
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