Wachtell Reps North American Financial In $300M IPO

Law360, New York (June 24, 2011, 12:01 PM EDT) -- North American Financial Holdings Inc., a Miami-based bank holding company formed in November 2009 that has been on a financial industry assets buying spree, said Friday it has filed for a $300 million initial public offering.

Underwritten by Credit Suisse Securities (USA) LLC, Merrill Lynch Pierce Fenner & Smith Inc. and Goldman Sachs & Co., the company plans to list its common stock on the Nasdaq stock exchange.

The IPO announcement marked the potential emergence of a powerful new competitor in the financial industry.

"In December...
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