Investment Summary

Exits UNX

On April 22, 2002, invested in financial services company UNX from Lovell Minnick Partners

Investment Highlights
  • This is transaction in the Financial Services sector.
  • This is transaction in the United States.
  • This is transaction in California.
Investment Fate
  • UNX was sold to a financial buyer in 2010.
  • UNX merged with another company in 2012.

Investment Summary

Date 2002-04-22
Target UNX
Sector Financial Services
Sellers(s) Lovell Minnick Partners
Deal Type Trade Sale

Target

UNX

Burbank, California, United States
website
Universal Network Exchange, Inc. is a Burbank, CA based electronic trading firm serving institutional investors by enhancing trading performance and productivity by providing sophisticated, efficient electronic trading solutions for US equities.

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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 3 of 29
Sector (Financial Services) 3 of 24
Type (Trade Sale) 2 of 3
State (California) 3 of 7
Country (United States) 3 of 29
Year (2002) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2001-11-01 Van Deventer & Hoch

Glendale, California, United States

Van Deventer & Hoch, now Mellon Private Asset Management, was a California based private wealth management firm. The company aimed to provide superior investment performance, highly personalized service, and accurate and timely accounting for its clients.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2003-01-01 Atlantic Asset Management

Stamford, Connecticut, United States

Atlantic Asset Management LLC, is a Stamford, CT based registered investment advisor providing a variety of core and specialized fixed income strategies for a diverse institutional client base.

Buy -