Firms Sink $103M Into United Western Bancorp Recap

Private equity shops Oak Hill Capital Management and Lovell Minnick Partners have invested the bulk of a $103 million recap for United Western Bancorp. The two firms each put $47 million into the Denver-based company, and will each own a 23% stake. An additional $9 million came from entities controlled by Henry Duques, former CEO of First Data, who will hold a 5% stake. United Western Bankcorp aims to raise a total of $200 million.

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