Such forward-looking statements include, but are not limited to, statements about the projected impact and benefits of the acquisition by Capital One of TripleTree, including Capital One’s plans, objectives, expectations and intentions and other statements that are not historical facts. A Fortune 500 company, Capital One trades on the New York Stock Exchange under the symbol "COF" and is included in the S&P 100 index.Ĭertain statements in this release may constitute forward-looking statements, which involve a number of risks and uncertainties. has branches located primarily in New York, Louisiana, Texas, Maryland, Virginia, New Jersey and the District of Columbia. Headquartered in McLean, Virginia, Capital One offers a broad spectrum of financial products and services to consumers, small businesses and commercial clients through a variety of channels. Broadhaven Capital Partners acted as financial advisor to TripleTree, and Kirkland & Ellis LLP acted as its legal advisor.įor more information, please reach out to Mary Kate Kim or Sie Soheili Capital OneĬapital One Financial Corporation ( is a financial holding company whose subsidiaries, which include Capital One, N.A., and Capital One Bank (USA), N.A., had $305.9 billion in deposits and $425.4 billion in total assets as of September 30, 2021. TTCP Management Services, LLC (TT Capital Partners) will continue as an independent, Minneapolis-based principal investor focused on healthcare technology and services, while TripleTree is joining the Capital Markets group of Capital One.Īrnold & Porter Kaye Scholer LLP acted as legal advisor to Capital One in connection with the transaction. With this transaction’s close, the two businesses comprising TripleTree Holdings, LLC have become separate organizations. Since 2019, TripleTree has advised on more than 80 healthcare transactions representing over $55 billion of total enterprise value and completed transactions with an average enterprise value of more than $700 million. TripleTree has completed hundreds of transactions and has a long track record of successfully executing on some of the most transformational deals in healthcare, ranging from upper middle market to multi-billion-dollar transactions. He will continue to lead TripleTree as part of Capital One. “We are thrilled about the opportunity this combination creates for TripleTree and Capital One to serve our clients in even more meaningful ways, supporting the unique and important impact they make on this evolving healthcare industry,” said Justin Roth, Head of Investment Banking at TripleTree. “By incorporating TripleTree’s M&A advisory and investment banking capabilities, we are very well-positioned to provide our healthcare clients with a broad array of financial and advisory solutions," said Darren Alcus, Head of Capital One’s Corporate Bank. In bringing these two teams together, Capital One and TripleTree will create a differentiated healthcare platform that extends Capital One’s full-service capital markets and corporate banking capabilities to include TripleTree’s M&A advisory and investment banking capabilities. Capital One has extended offers to the entire TripleTree team (approximately 70 associates), who will continue to be based in Minneapolis and New York. TripleTree has joined the Capital Markets group of Capital One Commercial Bank as a wholly owned subsidiary, operating under the current TripleTree brand and maintaining its offices in Minneapolis and New York.
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