M&A Deal Summary

Lovell Minnick Partners Acquires Inside Real Estate

On August 23, 2019, private equity firm Lovell Minnick Partners acquired internet software and services company Inside Real Estate from NexPhase Capital and Ambina Partners

Acquisition Highlights
  • This is Lovell Minnick Partners’ 2nd transaction in the Internet Software and Services sector.
  • This is Lovell Minnick Partners’ 40th transaction in the United States.
  • This is Lovell Minnick Partners’ 1st transaction in Utah.

M&A Deal Summary

Date 2019-08-23
Target Inside Real Estate
Sector Internet Software and Services
Buyer(s) Lovell Minnick Partners
Sellers(s) NexPhase Capital
Ambina Partners
Deal Type Secondary Buyout
Advisor(s) GCA Corp. (Financial)
Parr Brown Gee & Loveless (Legal)

Target

Inside Real Estate

Salt Lake City, Utah, United States
website
Inside Real Estate provides residential real estate brokers and agents with a cloud-based software platform and marketing solution to help brokers intelligently engage prospective home buyers and sellers, dramatically simplify the buying and selling processes and uses analytics to identify specific actions for improving performance. Inside Real Estate is based in Salt Lake City, Utah.

Search 191,543 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

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 42 of 53
Sector (Internet Software and Services) 2 of 3
Type (Secondary Buyout) 4 of 4
State (Utah) 1 of 1
Country (United States) 40 of 48
Year (2019) 3 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-07 Worldwide Facilities

Los Angeles, California, United States

Worldwide Facilities LLC is a national wholesale insurance broker, managing general agent, and program manager. Worldwide Facilities brokers and underwriters are industry leaders providing expertise in a wide range of specialty lines, as well as extensive contacts with carriers domestically and overseas. Worldwide Facilities was founded in 1970 and is based in Los Angeles, California.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-20 Charles Taylor

London, United Kingdom

Charles Taylor is an international provider of professional services and technology solutions to the global insurance market, providing loss adjusting, claims management, insurance management, and insurance technology. Charles Taylor was founded in 1996 and is based in London, England.

Buy £261M

Seller(S) 2

SELLER

NexPhase Capital

New York, New York, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 2007
PE ASSETS 1.2B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Moelis Capital Partners (MCP) is the private equity investment arm of investment bank Moelis & Company. MCP targets growth equity and control buyouts requiring equity investments of $25 to $75 million. Moelis has particular interest in the business services, consumer and retail, financial services, healthcare services, industrial and telecom industries. Moelis Capital Partners was formed in 2007 and is based in New York City.


DEAL STATS #
Overall 14 of 20
Sector (Internet Software and Services) 2 of 2
Type (Secondary Buyout) 6 of 8
State (Utah) 3 of 3
Country (United States) 13 of 19
Year (2019) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-27 CPS

Dublin, Ohio, United States

CPS is a provider of outsourced pharmacy services to hospitals and integrated health systems. CPS offers a suite of services, information technology and data informatics, including pharmacy management, technology-based tools and data analytics. CPS was founded in 1971 and is based in Dublin, Ohio.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-03 Popcornopolis

Vernon, California, United States

Popcornopolis is a manufacturer of premium-quality, ready-to-eat popcorn. From the select popcorn kernels that are American-grown, non-GMO, and naturally gluten-free, to the real ingredients that create mouthwatering flavors, every team member at Popcornopolis pours their heart into creating high-quality snacks. The flavors range from famously indulgent Zebra, Unicorn, and Double Drizzle varieties to better-for-you favorites Nearly Naked and Kettle Corn. Popcornopolis products are available in Club, Food, Drug, Mass, Convenience, and Direct to Consumer channels. Popcornopolis was founded in 2003 and is based in Vernon, California.

Buy -
DESCRIPTION

Ambina Partners is a private equity firm focused on growth equity and debt investments in middle-market, US-based companies. The Firm looks to commit $20 to $60 million per transaction and seeks to partner with companies in the enterprise software, financial service, insurance, and technology-enabled sectors. Ambina Partners is headquartered in Greenwich, Connecticut.


DEAL STATS #
Overall 2 of 4
Sector (Internet Software and Services) 1 of 1
Type (Secondary Buyout) 1 of 1
State (Utah) 1 of 1
Country (United States) 2 of 4
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-30 Morse Group

Houston, Texas, United States

Morse Group provides hosting brands in the musical instrument industry. Its current brands include Walrus Audio and Allparts. Morse Group was founded in 2018 and is based in Houston, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-24 Washify

West Roxbury, Massachusetts, United States

Washify provider of point-of-sale and marketing solutions. Washify's cutting-edge software and hardware products empower car washes to better attract and service customers while growing their businesses and increasing profits. Washify was founded in 2012 and is based in West Roxbury, Massachusetts.

Sell -