M&A Deal Summary

Genstar Capital Acquires Foreside

On July 7, 2021, private equity firm Genstar Capital acquired financial services company Foreside from Lovell Minnick Partners

Acquisition Highlights
  • This is Genstar Capital’s 10th transaction in the Financial Services sector.
  • This is Genstar Capital’s 90th transaction in the United States.
  • This is Genstar Capital’s 3rd transaction in Michigan.
Investment Fate
  • Foreside merged with another company in 2021.

M&A Deal Summary
Date 2021-07-07
Target Foreside
Sector Financial Services
Buyer(s) Genstar Capital
Sellers(s) Lovell Minnick Partners
Deal Type Secondary Buyout
Advisor(s) Raymond James - Investment Banking (Financial)
Morgan Lewis (Legal)

Target

Foreside

Portland, Michigan, United States
website
Foreside is a provider of regulatory compliance and distribution solutions to clients in the investment management industry. The Company delivers outsourced services to investment advisers and broker-dealers, including the financial products they manage or distribute. Foreside was formed in 20005 and is based in Portland, Michigan.

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Buyer(S) 1

Buyer

Genstar Capital

San Francisco, California, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1988
PE ASSETS 49.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Genstar Capital is a private equity firm that seeks investments in life science, healthcare, medical products, industrial technology, software, financial services, packaging, building materials, manufacturing, and business services companies. Genstar looks to invest between $50 and $400 million of equity capital in businesses valued up to $1 billion. Target transaction situations include control-oriented leveraged buyouts of corporate divisions, privately held businesses or public companies, minority investments in privately held businesses or public companies, ownership restructurings/recapitalizations of privately held businesses, growth equity financings, partnerships with other strategic or financial buyers, and take privates. Genstar Capital was formed in 1988 and is based in San Francisco, California.

DEAL STATS #
Overall 98 of 107
Sector (Financial Services) 10 of 11
Type (Secondary Buyout) 41 of 47
State (Michigan) 3 of 3
Country (United States) 90 of 99
Year (2021) 5 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-06 Sphera Solutions

Chicago, Illinois, United States

Sphera Solutions is a global provider of Operational Excellence software and information services with a focus on Operational Risk, Environmental Health & Safety (EH&S), and Product Stewardship. Sphera Solutions is based in Chicago, Illinois.

Sell $1.4B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-31 Arrowhead Engineered Products

Blaine, Minnesota, United States

Arrowhead Engineered Products is a specialty supplier and distributor of aftermarket replacement parts for a wide variety of equipment types across the outdoor power equipment, Powersports, agricultural, industrial and automotive industries. Arrowhead Engineered Products was founded in 1986 and is based in Blaine, Minnesota.

Buy -

Seller(S) 1

SELLER

Lovell Minnick Partners

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1999
PE ASSETS 3.3B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Lovell Minnick Partners is a private equity firm that targets investments in financial services companies located in North America and Europe. Specific areas of interest include asset management, financial planning, financial product distribution, outsource providers, specialty finance, and related administration and business services companies. The Firm looks to commit $40 to $150 million of equity capital per investment. Prospective transaction situations include divestitures, management buyouts, growth capital financings, and recapitalizations. Lovell Minnick was formed in 1999 and is headquartered in Radnor, Pennsylvania.

DEAL STATS #
Overall 27 of 29
Sector (Financial Services) 23 of 24
Type (Secondary Buyout) 9 of 9
State (Michigan) 1 of 1
Country (United States) 27 of 29
Year (2021) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-01 Deep Pool Financial Solutions

Dublin, Ireland

Deep Pool Financial Solutions offers investor servicing software solutions for alternative and traditional asset classes, streamlining transfer agency and investor recordkeeping, investor onboarding, AML and KYC screening, fee calculations, waterfall calculations, reporting and document management. The company is headquartered in Dublin, Ireland and has over 120 employees across offices in Ireland, Cayman Islands, Slovakia, and New Jersey.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-01 Warner Pacific Insurance Services

Westlake Village, California, United States

Warner Pacific Insurance Services provides sales assistance, back-office support and a full suite of benefit products and tech-enabled services to insurance agents, principally focused on the small group, large group, and Medicare health insurance markets. Warner Pacific Insurance Services was founded in 1982 and is based in Westlake Village, California.

Buy -
Mergr

Product

Company

Legal