Investment Banking

With a relentless focus on the middle market, BB&T Capital Markets combines industry expertise with superior transaction execution capabilities to achieve extraordinary outcomes for our clients.  

Our investment banking professionals work in cohesive teams to bring you a full spectrum of financial services.  With BB&T Capital Markets you get a relationship-driven approach to providing the right solutions for your needs.  We offer a full range of investment banking services—equity originations; public and private placements of debt; asset securitizations; mergers and acquisitions—along with direct lending capabilities, nationally recognized equity research, and access to specialty services such as insurance, supply chain finance, equipment finance, executive wealth management and treasury management.

Our broad approach brings results. In 2012 alone, our 70-plus investment bankers, arrayed in industry-focused and transaction specialty teams, were able to bring our clients:

  • More than $15 billion in equity capital raised as managing underwriter
  • More than $45 billion in debt capital via public and private bond issuance
  • 28 M&A deals closed—among the more than 200 we have done since 2006


Our bankers can handle clients from any field, but we have particular expertise in these sectors: Aerospace, Defense & Government Services; Automotive Aftermarket; Commercial & Industrial; Consumer & Retail; Education & Cultural Facilities; Energy; Financial Services; Financial Sponsors; Food & Agribusiness; Healthcare; Logistics & Transportation; and Real Estate.

 

Our industry expertise and superior transaction execution—from equity and debt origination to M&A advisory to structured lending—makes us a powerful ally

  • Checkers Industrial Safety Products, Inc.

    On November 20, 2014, Checkers Industrial Safety Products, Inc. (“Checkers” or the “Company”), a portfolio company of Tonka Bay Equity Partners (“Tonka Bay”), was acquired by Audax Private Equity (“Audax”). BB&T Capital Markets served as the exclusive financial advisor to Checkers.

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  • Axalta Coating Systems, Ltd. (NYSE: AXTA)

    BB&T Capital Markets’ Automotive Aftermarket Group served as a co-manager in Axalta Coating Systems’ $975 million initial public offering. Axalta is a portfolio company of The Carlyle Group.

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  • THL Credit, Inc. (NASDAQ GS: TCRD)

    BB&T Capital Markets’ Financial Services Group completed a transaction for a Business Development Company (“BDC”) in the fourth quarter of 2014, helping to raise $45,000,000 in gross proceeds for our client. The Company has applied the fixed-rate, senior notes (“Notes”) for listing on the NASDAQ GS to trade under the symbol “TCRX.” The Company intends to use the net proceeds from this offering for general corporate purposes, which include investing in debt and equity securities, repayment of any outstanding indebtedness, acquisitions and other general corporate purposes. The Company has granted the underwriters an option to purchase up to an additional 270,000 Notes to cover over-allotments, if any.

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  • National Retail Properties, Inc. (NYSE: NNN)

    BB&T Capital Markets’ Real Estate Group completed a transaction for a real estate investment trust in the fourth quarter of 2014, helping to raise $208,449,000 for our client. The Company intends to use net proceeds from this offering to repay outstanding indebtedness under the Company’s credit facility. Total gross proceeds includes the full exercise of the underwriters’ over-allotment option, through which they purchased an additional 712,500 shares.

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  • Knoxville Beverage Company, Inc.

    On October 31, 2014, Knoxville Beverage Company, Inc., a Tennessee-based regional wine and spirits distributor, was acquired by Eagle Distributing Company, Inc., a leading beverage distributor in eastern Tennessee. Terms of the transaction were not disclosed. BB&T Capital Markets served as the exclusive financial advisor to Knoxville Beverage Company. Regarding the deal, Mike Milner, President of Knoxville Beverage Company, said, “I am proud of what we have accomplished at Knoxville Beverage Company over the last 53 years. That said, my team and I are very excited to join the Eagle family as we continue to provide superior service to the Knoxville market." Jerry Sinclair, VP of Sales & Marketing for Knoxville Beverage Company, reflected, “For the past 26 years it has been my privilege to work for Knoxville Beverage Company, which has grown significantly under Michael’s leadership. The Hand family is getting a wonderful company, and I look forward to continued success under their leadership.” Mike Craig, CFO of Eagle Distributing, added, “Knoxville Beverage has been proudly serving the greater Knoxville community for more than 50 years, and we are excited to have Mike and his team on board. We look forward to working with KBC’s employees, customers, and suppliers in continuing to grow this great family business.”

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  • Western Gas Partners, LP (NYSE: WES)

    BB&T Capital Markets Energy Group completed a transaction for a gas gathering and processing MLP, in the fourth quarter of 2014, in an equity offering worth $531,375,000. The Partnership intends to use the net proceeds from the offering to fund a portion of the cash purchase price of the acquisition of Nuevo Midstream, LLC. In connection with the offering, The Partnership expects to grant the underwriters a 30-day option to purchase up to 1,125,000 additional common units.

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  • Scorpio Tankers Inc. (NYSE: STNG)

    BB&T Capital Markets’ Logistics & Transportation Group completed a transaction for an international tanking company in the fourth quarter of 2014, helping to raise $45,000,000 in gross proceeds for our client. The Company has applied the fixed-rate, senior notes (“Notes”) for listing on the NYSE to trade under the symbol “SBNB.” The Company intends to use the net proceeds from this offering for general corporate purposes and working capital, which may include the acquisition of additional new or secondhand vessels. The Company has granted the underwriters an option to purchase up to an additional $6,750,000 aggregate principal of the Notes.

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  • A&S Services Group, LLC

    On October 24, 2014, A&S Services Group, LLC, and its related companies (“A&S Kinard” or the “Company”), a portfolio company of Larsen MacColl Partners (“LMP”), was acquired by Celadon Group Inc. (“Celadon”). BB&T Capital Markets served as the exclusive financial advisor to A&S Kinard.

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  • New Mountain Finance Corporation (NYSE: NMFC)

    BB&T Capital Markets’ Financial Services Group completed a transaction for a Business Development Company (“BDC”) in the fourth quarter of 2014, helping to raise $72,650,000 in gross proceeds for our client. The company intends to use the net proceeds from this offering to make investments in accordance with its objective and strategies, and for general corporate purposes, including debt repayment and other working capital needs. The Company has granted the underwriters a 30-day option to purchase an additional 750,000 shares at the public offering price to cover over-allotments, if any.

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William E. HardySenior Managing DirectorHead of Debt Capital Markets804-649-3952email Download My vCardView Bio
Jake SavageSenior Managing DirectorCo-Head Equity Investment Banking804-780-3230email Download My vCardView Bio
William L. TysonSenior Managing DirectorCo-Head of Equity Investment Banking804-782-8774email Download My vCardView Bio