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Corporate One
Background
Corporate One Federal Credit Union is a corporate credit union based in Columbus, Ohio. Corporate One owned Primary Financial Company LLC, a credit union service organization that is engaged in the sale of certificate of deposits to credit unions and other depository institutions.
“Delivered insightful presentation, that greatly assisted our Board of Directors in conducting their due diligence”
The Situation
Upon approach from Corporate Exchange LLC, a credit union service organization of a consortium of corporate credit unions, Corporate One’s Board of Directors made the decision to explore strategic alternatives for Primary Financial to maximize its value, which included a possible sale. As part of its evaluation process, Corporate One determined that it wanted a fairness opinion on Corporate Exchange’s offer.
Our Role
In connection with Corporate One’s sale of Primary Financial Company LLC to Corporate Exchange LLC, KPMG Corporate Finance provided a fairness opinion to the Board of Directors of Corporate One.
