CapGen Financial leads successful recapitalization of Jacksonville Bancorp and related acquisition of Atlantic BancGroup and Oceanside Bank
Clients CapGen Financial Group
Jones Day advised CapGen Financial Group, a private equity firm that invests in financial services businesses with a particular focus on community and regional financial institutions, as lead investor, in connection with the $35 million recapitalization of Jacksonville Bancorp, Inc., the bank holding company for The Jacksonville Bank, Jacksonville, Florida.
In connection with the recapitalization, Jacksonville Bancorp completed the acquisition of Atlantic BancGroup, Inc. and its wholly owned subsidiary, Oceanside Bank.
In addition to financial institutions litigation & regulation representation, Jones Day provided M&A, capital markets, employee benefits, labor and employment, tax, and regulatory advice regarding this recapitalization and related acquisition.