Invesco Private Capital Reveals Its Stake in Newly Public Company Talmer Bancorp Inc (TLMR)

Wilbur Ross’ Invesco Private Capital, revealed in a filing with the Securities and Exchange Commission that it owns a total of 14.04 million class A common stock of Talmer Bancorp Inc (NASDAQ:TLMR). In addition, Invesco Private holds warrants to purchase additional 2.53 million class A shares of Talmer Bancorp. Mr. Wilbur Ross, Jr is the director of Talmer Bancorp Inc (NASDAQ:TLMR), and held 16.57 million shares of the company before the company went public.

Talmer Bancorp

Talmer Bancorp Inc (NASDAQ:TLMR) a bank holding company, which went public today. It operates through three subsidiaries: Talmer Bank and Trust, Talmer West Bank and First Place Bank. Talmer Bancorp Inc priced its initial public offering of 15.56 million shares of Class A common stock at $13.00 per share. Of the total 15.56 million shares, Talmer sold 3.70 million shares and the remaining 11.85 million shares were sold by certain selling shareholders.

Aside from Invesco, David Einhorn‘s Greenlight Capital is also a significant shareholder in Talmer Bancorp. Greenlight held 3.35 million class A shares before the IPO.

Last month, Invesco Private Capital raised its stake in EXCO Resources Inc (NYSE:XCO) to 51.11 million shares, through purchasing 17.72 million common shares at a price of $5.00 per share.

At the end of the third quarter of 2013, in the equity portfolio of Invesco Private Capital, Assured Guaranty Ltd. (NYSE:AGO) represents the largest position with 14.84 million shares and a value of $278.30 million. BankUnited (NYSE:BKU) is the second big position that corresponds to 27.1% of Wilbur’s portfolio. The position represents 8.19 million shares of BankUnited with a dollar value of $255.44 million. Invesco Private Capital had 79.16% of its equity portfolio invested in the above three companies.

Sun Bancorp, Inc. /NJ (NASDAQ:SNBC), stood on the fourth spot after EXCO, of which the fund held 31.50 million shares, with a reported value of $212.34 million.

Disclosure: none

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