Alert September 23, 2008

Goodwin Procter Sponsors Seminar on Private Equity Investing in Banks

As Monday’s Federal Reserve Board policy statement on minority equity investments in banks and bank holding companies reaffirms, private equity firms are keenly interested in both majority and minority investing in this space.  Our latest event, Private Equity Investing in Banks: Opportunities in a Perfect Storm, to be held in New York on Oct. 2 at the Parker Meridien Hotel, will examine the latest trends in this sector of the M&A market.  Several private equity funds are being raised to invest in the banking industry, while a growing number of banking institutions are considering acquisitions, selling minority stakes or putting themselves up for sale.

Join some of the biggest names in the industry and hear from experts from both the M&A and banking communities.  The conference will be anchored by keynote speaker Randy Quarles, Managing Director with The Carlyle Group, and former Under Secretary of the Treasury, followed by a panel discussing this evolving sector featuring Alison Davis, Managing Partner at Belvedere Capital, Michael McClintock, Managing Director at Friedman Billings Ramsay and Joseph Thomas, Managing Director at Hovde.