Investment Summary

Exits AssetMark Investment Services

On October 1, 2006, invested in financial services company AssetMark Investment Services from Lovell Minnick Partners for 230M USD

Investment Highlights
  • This is transaction in the Financial Services sector.
  • This is largest (disclosed) transaction.
  • This is transaction in the United States.
  • This is transaction in California.

Investment Summary

Date 2006-10-01
Target AssetMark Investment Services
Sector Financial Services
Sellers(s) Lovell Minnick Partners
Deal Type Trade Sale - Public Company
Deal Value 230M USD

Target

AssetMark Investment Services

Pleasant Hill, California, United States
AssetMark Investment Services, Inc. is a Pleasant Hill, CA based provider of open architecture asset management solutions, innovative practice management, and business development programs to independent financial advisors.

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Seller(S) 1

SELLER
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 6 of 29
Sector (Financial Services) 6 of 24
Type (Trade Sale - Public Company) 4 of 9
State (California) 4 of 7
Country (United States) 6 of 29
Year (2006) 1 of 1
Size (of disclosed) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-03-01 ClariVest Asset Management

San Diego, California, United States

ClariVest Asset Management LLC is a San Diego-based institutionally-focused asset management firm that blends a quantitative approach of bottom-up stock selection with economically intuitive criteria and a robust portfolio construction method to manage US, international, and global stock portfolios.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-11-21 PlanMember Financial

Carpinteria, California, United States

PlanMember Financial Corp. is a provider of broker/dealer, investment advisory, and administrative services.

Buy $20M