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FINANCIAL | Investment Firms & Funds
wachovia.com

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Investments

133

Portfolio Exits

70

Partners & Customers

9

Service Providers

1

About Wachovia

Wachovia Capital Partners is a private equity financing firm.

Wachovia Headquarter Location

301 South College Street 12th Floor NC0732

Charlotte, North Carolina, 28288,

United States

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Wachovia Web Traffic

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Latest Wachovia News

Wells Fargo names new head of private bank

Jun 18, 2021

By  Polo Rocha June 18, 2021, 6:00 a.m. EDT 1 Min Read Wells Fargo named Julie Caperton as the new head of its wealth management arm for high-net-worth clients. She succeeds Julia Wellborn, who left the company in April, as the head of Wells Fargo Private Bank. Caperton, a 19-year veteran at Wells Fargo and predecessor organizations, is currently the head of the company’s Banking, Lending & Trust Center of Excellence. The new head of Wells Fargo's private bank, Julie Caperton, has been with the company since joining predecessor Wachovia in 2002. She will retain that title and continue reporting to Barry Sommers, who heads the bank’s wealth and investment management unit. Sommers joined Wells last year as part of CEO Charlie Scharf’s efforts to reshape the company. After Sommers's arrival, the $1.9 trillion-assset company folded its private bank into its Wells Fargo Advisors brokerage unit — a move that was reportedly part of the bank's efforts to cut costs and conserve capital. And in March, Wells Fargo folded its Abbot Downing business, which served ultra-high-net-worth clients, into its private bank. The private bank administers over $1.09 trillion of client assets and deposits, according to its website. Caperton has previously led Wells Fargo’s corporate development team, its asset-backed finance division and its corporate trust services group. She was a securities and structured finance lawyer at Cadwalader, Wickersham & Taft before joining the Wells Fargo predecessor firm Wachovia.

Wachovia Investments

133 Investments

Wachovia has made 133 investments. Their latest investment was in Unified Logistics as part of their Line of Credit on December 12, 2008.

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Wachovia Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

12/18/2008

Line of Credit

Unified Logistics

$15M

Yes

1

10/15/2008

PIPE

Penn National Gaming

$1,250M

Yes

Centerbridge Partners, Deutsche Bank, and Fortress Investment Group

5/27/2008

Line of Credit

Zomax

$20.7M

Yes

Comvest Partners

1

7/12/2007

Series A

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$99M

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10

11/10/2006

Unattributed VC

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$99M

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10

Date

12/18/2008

10/15/2008

5/27/2008

7/12/2007

11/10/2006

Round

Line of Credit

PIPE

Line of Credit

Series A

Unattributed VC

Company

Unified Logistics

Penn National Gaming

Zomax

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Amount

$15M

$1,250M

$20.7M

$99M

$99M

New?

Yes

Yes

Yes

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Co-Investors

Centerbridge Partners, Deutsche Bank, and Fortress Investment Group

Comvest Partners

Sources

1

1

10

10

Wachovia Portfolio Exits

70 Portfolio Exits

Wachovia has 70 portfolio exits. Their latest portfolio exit was Sonitrol on July 23, 2020.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

7/23/2020

Acquired - II

Shiver Security Systems

1

10/16/2018

Acquired

Vestmark

1

5/29/2018

Acquired

FireMon

1

00/00/0000

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10

00/00/0000

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$991

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10

Date

7/23/2020

10/16/2018

5/29/2018

00/00/0000

00/00/0000

Exit

Acquired - II

Acquired

Acquired

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Companies

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Valuation

$991

Acquirer

Shiver Security Systems

Vestmark

FireMon

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Sources

1

1

1

10

10

Wachovia Acquisitions

29 Acquisitions

Wachovia acquired 29 companies. Their latest acquisition was Early Warning Services on September 15, 2009.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

9/15/2009

Corporate Minority

Acquired

1

7/18/2008

Acquired

$991

Acquired

7/11/2008

Acq - Fin

$991

Acq - Fin

6/11/2008

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$99M

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10

1/14/2008

Acquired

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$991

$99M

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10

Date

9/15/2009

7/18/2008

7/11/2008

6/11/2008

1/14/2008

Investment Stage

Corporate Minority

Acquired

Acq - Fin

Acquired

Companies

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Valuation

$991

$991

$991

Total Funding

$99M

$99M

Note

Acquired

Acquired

Acq - Fin

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Sources

1

10

10

Wachovia Partners & Customers

9 Partners and customers

Wachovia has 9 strategic partners and customers. Wachovia recently partnered with FIS on July 7, 2007.

Date

Type

Business Partner

Country

News Snippet

Sources

7/24/2007

Vendor

FIS

United States

Home About FIS Media Room News Releases  . Wachovia Bank Signs Multiyear Contract with FIS.

`` We are pleased to have the opportunity to expand our partnership and are committed to helping Wachovia Corporation deliver additional value to its customers , '' said Dan Scheuble , president of FIS division .

1

1/8/2007

Partner

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10

3/29/2006

Vendor

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10

11/30/2005

Partner

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10

11/22/2005

Partner

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10

Date

7/24/2007

1/8/2007

3/29/2006

11/30/2005

11/22/2005

Type

Vendor

Partner

Vendor

Partner

Partner

Business Partner

FIS

Country

United States

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News Snippet

Home About FIS Media Room News Releases  . Wachovia Bank Signs Multiyear Contract with FIS.

`` We are pleased to have the opportunity to expand our partnership and are committed to helping Wachovia Corporation deliver additional value to its customers , '' said Dan Scheuble , president of FIS division .

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Sources

1

10

10

10

10

Wachovia Service Providers

1 Service Provider

Wachovia has 1 service provider relationship

Service Provider

Associated Rounds

Provider Type

Service Type

Counsel

Service Provider

Associated Rounds

Provider Type

Counsel

Service Type

Partnership data by VentureSource

Wachovia Team

5 Team Members

Wachovia has 5 team members, including current Chief Executive Officer, Robert Steel.

Name

Work History

Title

Status

Robert Steel

Chief Executive Officer

Current

David Zwiener

Chief Financial Officer

Current

Robert K. Steel

Chief Executive Officer

Former

Susanne Svizeny

President, Executive Vice President

Former

Mike Knapp

Senior Vice President

Former

Name

Robert Steel

David Zwiener

Robert K. Steel

Susanne Svizeny

Mike Knapp

Work History

Title

Chief Executive Officer

Chief Financial Officer

Chief Executive Officer

President, Executive Vice President

Senior Vice President

Status

Current

Current

Former

Former

Former

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