New York-based investment firm Pine Brook agreed to acquire Dallas-based Triumph Bancorp Inc.'s credit investment unit, Triumph Capital Advisors LLC.
Deal terms were not disclosed.
Pine Brook also provided a $250 million line of equity to Dallas-based Trinitas Capital Management LLC, according to a press release.
The deal is expected to close in the first half of 2017.
Wachtell Lipton Rosen & Katz and Haynes & Boone LLP acted as legal advisers to Triumph Bancorp. Skadden Arps Slate Meagher & Flom LLP was legal adviser for Pine Brook, while Wells Fargo Securities LLC acted as its exclusive financial adviser.
Meanwhile, Dechert LLP acted as legal adviser to Trinitas Capital Management LLC, while Eaton Partners served as its adviser and global placement agent.