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Mergers & Acquisitions
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M&A History

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 Deal Overview
Buyer: Boston Private Financial Holdings, Inc.
Actual Acquirer: Boston Private Financial Holdings, Inc.
Target: Dalton, Greiner, Hartman, Maher & Co.
Seller: FleetBoston Financial Corporation
Deal Type: Securities & Investments Company
Announcement Date5/2/2003
Announced Deal Value ($M)88.5
Announced Deal Value Per Share ($)NA
StatusCompleted
Completion Date2/6/2004
Consideration Breakout
Cash ($M)61.9
Common Stock ($M)10.1
Common Stock Issued385,174
Contingent Payments ($M)24.0

 Deal Pricing Ratios
 AnnouncementCompletion
Price / Book (%)NANA
Deal Value / Revenues (x)NANA
Price / Earnings (x)NANA
Price / EBITDA (x)NANA
Price / Assets Under Mgmt (%)3.693.98
 Deal Terms
Description of Consideration
Boston Private Financial Holdings paid approximately $96.0 million to acquire an 80% interest in Dalton Greiner Hartman Maher & Co.
Percent Acquired (%)80.00
Purchase MethodPurchase
Merger of Equals?NA
Estimated Cost Savings (%)NA
Estimated Cost Savings ($000)NA
Est. Restructuring Charges ($000)NA
 Deal Advisers - Financial Advisers
Party AdvisedAdviser Hired?Firm Name
BuyerNoNA
SellerYesBerkshire Capital Secs LLC

 Deal Advisers - Legal Counsel
Party AdvisedAdviser Hired?Firm Name
BuyerYesGoodwin Procter LLP
SellerYesBingham McCutchen LLP

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