Seattle-based Vulcan Capital has partnered with Atlanta-based Bankers’ Capital Group to form Vulcan Bankers Group.
Vulcan Bankers Group will acquire and manage investments in the banking sector in the Southeastern region of the United States, the two firms said in a statement.
Vulcan Capital is the private investment arm of Microsoft co-founder Paul Allen’s 20-year old management company, Vulcan. In the past 15 years, Vulcan Capital has invested in more than 150 companies, including web and media blockbusters America Online, Priceline.com, TiVo, and Cnet.
Vulcan Capital’s current portfolio includes people-focused summarisation search engine ZoomInfo, film studio DreamWorks SKG, the Portland Trailblazers basketball team, and the Seattle Seahawks football team. The firm typically invests $50 million to $200 million per transaction, according to its website.
Bankers’ Capital Group was founded by former Flag Financial Corporation executives following the financial institution’s December 2006 sale to RBC Centura.