About St. Charles Capital LLC

Meet St. Charles

Originating in 2005, St. Charles Capital LLC was formed by former bankers from merger and acquisition (M&A) firm The Wallach Company in Denver.  St. Charles Capital set out to focus on assisting publicly or privately held middle-market companies in the surrounding Rocky Mountain region and the rest of the United States with an array of investment banking services, including recapitalizations, M&A, debt and equity private placements, fairness opinions, and financial advisory services.  In particular, the firm focuses on four industries to serve its clients: diversified industries, financial services, health care and technology.  In those industries, St. Charles Capital has completed approximately 150 M&A deals worth a total of more than $5 billion (in addition to completing 125 strategic financial advisory transactions).  Part of St. Charles’ pride is the firm’s investment bankers who have completed more than 200 M&A transactions amounting to more than $7.1 billion in total consideration and have raised nearly $1.4 billion in private capital.

What they provide

The firm provides its services through three different departments: financial advisory services, mergers and acquisitions, and private capital raising.  Through the financial advisory services unit, St. Charles offers clients the opportunity to get advice and assistance on a number of projects, including project evaluation, fairness opinions, acquisition review, strategic planning and capital restructuring.  The firm’s mergers and acquisition group negotiates transactions through sell-side representation to both strategic and financial buyers, buy-side searches and representation, going-private transactions, and fairness opinions.  On the other hand, St. Charles’ private capital raising department helps its clients access the most complementary investors and negotiate the most satisfactory term.  Through its relationships with investors, the firm ascertains who may be good matches as buyers for a client.  After determining a good fit, St. Charles makes sure the placement process is executed smoothly.  This involves developing a marketing strategy for the client and negotiating the final terms of the transaction.

They’re dealmakers

St. Charles has also been involved in a number of high-profile transactions.  In October 2008, the firm served as the financial advisor for PRN Medical in its sale to private investment firm Mantucket Capital.  In September 2008, St. Charles advised IT company Accuvant on a recapitalization with capital provided by private equity firm Sverica and debt capital supplied by PNC Bank.  Also in September 2008, St. Charles represented software company Jabber, Inc. in its sale to networking giant Cisco.  In October 2008, St. Charles advised Citadel Bank of Colorado Springs in its sale to Kansas City, Mo.-based UMB Financial Corporation.

Positive outlook toward banking M&A

In a Denver Business Journal article, former Managing Director Wesley Brown shared his thoughts on banking mergers and acquisitions, saying that the number of transactions is likely to increase.  However, closing a deal may be difficult as “there is downward pressure on pricing.† In January 2009, St. Charles represented Greeley-based New Frontier Bancorp, parent of New Frontier Bank, which was purchased by a Boulder private investor group for $30 million.  With the Federal Reserve’s relaxed rules on private-equity ownership of banks, more and more private equity firms are acquiring “sick†banks.  Brown seemed to see this as a good thing, saying that a private equity fund is “a stand-alone entity.  So the only amount they risk is the capital that they put in.† He added that more struggling banks are poised to be acquired as “sick banks often get healthy,†citing the huge profits earned by investors who purchased the right banks in the late 1980s and early 1990s.

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St. Charles Capital LLC

1400 Sixteenth Street
Suite 300
Denver, CO 80202
Phone: (303) 339-9099
Fax: (303) 339-9085


  • Employer Type: Private
  • President: Michael C. Franson