Another busy month of deals with closings from Marriott & Co., Matrix Capital Markets, BB&T, Harris Williams and more.
DealFlow: Investment banking roundup for Jan. 28, 2015
Michael Schwartz
Michael Schwartz is the editor of Richmond BizSense, and covers banking, lawsuits, finance, M&A and golf. He can be reached at [email protected] or 804-855-1037.
MeadWestvaco merger forms packaging colossus
The local Fortune 500’s deal, announced Monday, will form the second-largest packaging firm in the country with an estimated annual revenue of nearly $16 billion.
Insurance firm inks biggest deal yet
A deal-hungry local insurance brokerage has closed its first deal of 2015, absorbing the insurance arm of a West Virginia-based bank company.
Bank trims down TARP shares
A local bank is continuing to chip away at the shares it has still outstanding from the 2008 federal TARP program with a multimillion-dollar buyback announced this week.
Firm files $15M counterstrike over old case
Local financial firm Davenport & Co. is turning the tables on the attorneys that were involved in a legal battle between the firm and a Virginia county.
Law firm, Farm Bureau square off against $14M state fair suit
A downtown law firm and the owner of the Virginia State Fair have fired back at a $14 million lawsuit against them by a New Kent County company. They are pushing for a dismissal of the case that accuses them of unfairly manipulating the sale of the fair in 2012.
Trading Day: Local SEC filings for Jan. 15, 2015
One of Richmond’s biggest companies is planning a new publicly traded spin-off, a local coal company sells off the last of its mining operations and a CarMax insider cashes out a $1 million option.
Bank moves closer to major capital raise
A bank is proceeding with its plan to raise up to $13 million and has taken another step toward a stock offering of 1 million shares.
Chester industrial plant fetches $16M
A massive West Coast REIT closed on its purchase of a packaging facility in Chesterfield County last month for more than $16.6 million.
Local firm backs $100M Leesburg project
A local private equity firm is stepping outside the Richmond area to help get a stalled Northern Virginia development off the ground.