Home / transaction / Berkshire Global Advisors acted as exclusive financial advisor to MUFG Union Bank, N.A.
Berkshire Global Advisors acted as exclusive financial advisor to MUFG Union Bank, N.A.
  • has acquired
  • Berkshire Global Advisors acted as exclusive financial advisor to MUFG Union Bank, N.A.

  • Date: October 2018
  • Sector: Securities and Investment Banking
  • Sub-Sector: Investment Banking
  • Region: North America
  • Seller Details
    Intrepid Investment Bankers is a leading Los Angeles-based regional middle market investment banking firm. Intrepid provides M&A, capital raising and strategic advisory services to entrepreneurs and middle-market companies in various industry sectors, including: consumer products and services, healthcare, industrials, technology and digital media, and business services.

    Buyer Details
    As of June 30, 2018, MUFG Union Bank, N.A. operated 355 branches, comprised primarily of retail banking branches in the West Coast states, along with commercial branches in Texas, Illinois, New York and Georgia, as well as 22 PurePoint Financial Centers. MUFG Union Bank provides a wide spectrum of corporate, commercial and retail banking and wealth management solutions to meet the needs of customers. MUFG Union Bank also offers an extensive portfolio of value-added solutions for customers, including investment banking, personal and corporate trust, global custody, transaction banking, capital markets, and other services. With assets of $123.8 billion, as of June 30, 2018, MUFG Union Bank has strong capital reserves, credit ratings and capital ratios relative to peer banks. MUFG Union Bank is a proud member of the Mitsubishi UFJ Financial Group (NYSE: MUFG), one of the world’s largest financial organizations with total assets of approximately ¥299.1 trillion (JPY) or $2.7 trillion (USD)1, as of June 30, 2018. The corporate headquarters (principal executive office) for MUFG Americas Holdings Corporation, which is the financial holding company, and MUFG Union Bank, is in New York City. The main banking office of MUFG Union Bank is in San Francisco, California.

    Transaction Summary
    The addition of this highly successful boutique M&A advisory team will greatly complement the product and coverage capabilities of MUFG Union Bank’s Commercial Banking team and drive accretive asset growth in its Wealth Market businesses. MUFG Union Bank has enjoyed a long-term and productive relationship with the principals of Intrepid, whose prestigious brand and deep expertise are well recognized in its markets. MUFG Union Bank and Intrepid serve similar client profiles in shared geographies. This transaction is an ideal strategic fit with MUFG Union Bank’s vision to continue the growth of its middle market banking activities.