Fort Worth, Texas, May 17, 2017 – The Silverfern Group, an investment management firm making direct investments in middle market private equity, real estate and private debt globally, today announced that it has exited its investment in Carlile Bancshares following the completion of its recently-announced merger with Independent Bank Group, Inc. (NASDAQ: IBTX).
Carlile Bancshares is a Texas bank holding company formed to take advantage of the opportunity to recapitalize the capital-impaired U.S. retail banking sector. Through its subsidiary Northstar Bank, Carlile operates 24 full service banking locations in Texas and 18 full service banking locations in Colorado. Silverfern first invested in Carlile Bancshares at its formation in 2010 in partnership with Stone Point Capital, LLC.
Silverfern Co-Managing Partner Reeta Holmes said: “Silverfern is pleased to have been able to exit its successful investment in Carlile Bancshares, having invested behind a world-class management team which flawlessly executed its investment strategy to build a thriving community bank serving the Fort Worth and Colorado markets, with a team of dedicated employees and over $2 billion in assets.”
Silverfern Co-Managing Partner Clive Holmes added: “The merger of Carlile Bancshares with Independent Bank Group represents an excellent result for both Carlile’s employees and its investors, demonstrating the power of being patient capital behind a talented management team, even in a challenging macro interest rate environment.”
Founded in 2001, Silverfern is amongst the few truly global middle-market, multi-asset class, investment management firms in the world today. Silverfern invests on behalf of both institutional investors and a global network of more than 65 of the world’s largest and most sophisticated multi-billion-dollar single family offices, and has a global partnership with the Citibank Private Bank. Through its offices in New York, Amsterdam, Frankfurt and Sydney, Silverfern makes direct, co-control investments in middle market private equity, real estate, and private debt globally. Silverfern’s investment strategy seeks to mitigate systemic risk in its portfolio by pursuing attractive risk-adjusted returns on a global basis, while at the same time seeking to manage local/market risk through its strategy to partner with non-traditional, local, investment partners on each of its investments. Additional information is available at www.silfern.com