The Edina health care investment banking firm TripleTree will become part of Capital One, the Star Tribune reports.
Founded in 1997, the boutique firm has completed more than 200 investment deals, including mergers and acquisitions, recapitalizations and strategic advisory deals.
TripleTree will become a wholly owned subsidiary of Capital One, the McLean, Va.-based bank holding company that is one of the 10 largest financial institutions in the U.S.
Terms were not disclosed for the deal, which is expected to close in the fourth quarter. TripleTree’s sister firm, TT Capital Partners, is not part of the deal. Read more.
