Investment Summary

Cynosure Group Invests In Steward Partners

On April 15, 2019, asset manager Cynosure Group invested in financial services company Steward Partners

Investment Highlights
  • This is Cynosure Group’s 4th transaction in the Financial Services sector.
  • This is Cynosure Group’s 4th transaction in the United States.
  • This is Cynosure Group’s 1st transaction in District of Columbia.

Investment Summary
Date 2019-04-15
Target Steward Partners
Sector Financial Services
Investor(s) Cynosure Group
Deal Type Growth Capital
Advisor(s) Goodwin Procter (Legal)

Target

Steward Partners

Washington, District of Columbia, United States
website
Steward Partners is an employee-owned, full-service independent partnership catering to family, institutional and multigenerational wealth. Steward Partners was founded in 2013 and is based in Washington, District of Columbia.

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Investor(S) 1

Investor

Cynosure Group

Investor Investor Investor Investor Investor

website

Category Asset Manager
Founded 2014
Size Small
Type Sector Agnostic
DESCRIPTION

The Cynosure Group is an independent alternatives asset manager and advisor that makes long-term investments on behalf of families, foundations, and other like-minded institutions. The Firm has a special interest in founder controlled companies with at least $5 million of EBITDA where the owner is looking for full or partial liquidity. Cynosure will consider both minority and majority positions, and will provide follow-on financing if needed. The Cynosure Group is based in Salt Lake City, Utah with an additional office in New York City.

DEAL STATS #
Overall 4 of 13
Sector (Financial Services) 4 of 7
Type (Growth Capital) 3 of 12
State (District of Columbia) 1 of 1
Country (United States) 4 of 12
Year (2019) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-01 Plancorp

St. Louis, Missouri, United States

Plancorp is an independent wealth advisory firm providing comprehensive wealth management services and serving the unique financial needs of over 1,500 clients nationwide. Plancorp was founded in 1983 and is based in St. Louis, Missouri.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-09 Gold Medal Pools

Frisco, Texas, United States

Gold Medal Pools is a provider of turnkey construction solutions for customized hardscape, outdoor living, and aquatic and pool features in the North Texas market. Gold Medal Pools is based in Frisco, Texas.

Buy -
Mergr

Product

Company

Legal