M&A Deal Summary

Lovell Minnick Partners Acquires Xactus

On March 17, 2021, private equity firm Lovell Minnick Partners acquired software company Xactus

Acquisition Highlights
  • This is Lovell Minnick Partners’ 1st transaction in the Software sector.
  • This is Lovell Minnick Partners’ 44th transaction in the United States.
  • This is Lovell Minnick Partners’ 5th transaction in Pennsylvania.

M&A Deal Summary
Date 2021-03-17
Target Xactus
Sector Software
Buyer(s) Lovell Minnick Partners
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) GCA Corp. (Financial)
McDonald Hopkins (Legal)

Target

Xactus

Broomall, Pennsylvania, United States
Xactus engages in mortgage technology, credit reporting, and related products and solutions for mortgage originators. Xactus has over 4,000 clients ranging from the largest bank and non-bank mortgage originators to credit unions and mortgage brokers. Xactus prides itself on the best technology, solutions, and service in the industry. Xactus is based in Broomall, Pennsylvania.

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Buyer(S) 1

Buyer

Lovell Minnick Partners

Investor Investor Investor Investor Investor

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 47 of 53
Sector (Software) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 21 of 23
State (Pennsylvania) 5 of 6
Country (United States) 44 of 48
Year (2021) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-28 361 Capital

Denver, Colorado, United States

361 Capital manages and distributes retail liquid alternative products, including mutual funds, separately managed accounts, and hedge fund vehicles. The Company offers innovative investment strategies with superior risk-adjusted returns and investment performance that is uncorrelated with traditional asset management products. 361 Capital was formed in 2001 and is based in Denver, Colorado.

Sell -
FOLLOWING 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 -
Mergr

Product

Company

Legal