Lovell Minnick Partners Mergers and Acquisitions Summary

Private Equity Profile

In the last 3 years, Lovell Minnick Partners has acquired 8 companies. It has also invested in 6 others.

Lovell Minnick Partners’ most common sectors for investment are financial services (64%) and business services (19%). The Firm’s most common investment types include buyout (lbo, mbo, mbi) (46%) and growth capital (28%). In total, Lovell Minnick Partners has invested in 16 US states and 3 different countries. Its largest (disclosed) acquisition occurred in 2019 when it acquired Charles Taylor for $402M.

In the last 3 years, Lovell Minnick Partners has exited 4 companies. The Firm’s most common exit type is trade sale (22%). Lovell Minnick Partners’ largest (disclosed) exit occurred in 2015 when it sold H.D. Vest for $580M.

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M&A Summary

  • M&A Total Activity67
    • M&A Buy Activity44
    • M&A Sell Activity23
  • Total Sectors Invested 6
  • Total Countries Invested 3
  • M&A Buy/Sell Connections 18
  • M&A Advisors 17

Lovell Minnick Partners LLC

150 N. Radnor Chester Road, Suite A200,
Radnor, Pennsylvania 19087
United States
(610) 995-9660
www.lovellminnick.com

Lovell Minnick Partners is a private equity firm that targets investments in North American financial services companies. 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 $20 to $100 million of equity capital per investment. Prospective transaction situations include divestitures, management buyouts, growth capital financings, and recapitalizations. Lovell Minnick was originally formed in 1999 and has offices in El Segundo, California and Philadelphia, Pennsylvania.


Investment Criteria

Sectors of Interest: Business Services, Financial Services, Information Technology, Insurance, Internet Software and Services, Software

Target Transaction Types: Buyout (LBO, MBO, MBI), Divestiture, Growth Capital, Recapitalization

Geographic Preferences: East US, Midwest US, South US, West US, United Kingdom, Western Europe, Eastern Europe, Scandinavia

Transaction Criteria Min Max
Target Revenue - -
Target EBITDA - -
Investment Size 40 150
Enterprise Value - -
values in millions of USD

M&A Summary

Buy vs Sell

Year ≤ '15 '16 '17 '18 '19 '20 T
Buy (2.8/yr) # 30 - 5 2 7 - 44
vol $55M $402M $457M
Sell (1.0/yr) # 18 1 - 1 3 - 23
vol $1.1B $280M $1.3B
  67

Most Recent M&A

Company Date Value Type
Fortis Payment Systems LLC 2019-12-19 - Growth Capital
Novi, Michigan · www.fortispayments.com
Pathstone 2019-11-14 - Growth Capital
Englewood, New Jersey · www.pathstone.com
Billhighway, Inc. 2019-10-14 - Divestiture
Troy, Michigan · www.billhighway.co
Charles Taylor plc 2019-09-20 402M GBP Going Private
London, United Kingdom · www.ctplc.com
InsideRE LLC 2019-08-23 - Secondary Buyout
Salt Lake City, Utah · www.insiderealestate.com
Worldwide Facilities LLC 2019-08-07 - Secondary Buyout
Los Angeles, California · www.wwfi.com
oneZero Financial Systems LLC 2019-06-25 - Growth Capital
Cambridge, Massachusetts · www.onezero.com
J.S. Held LLC 2019-05-20 - Secondary Buyout
Jericho, New York · www.jsheld.com
Commercial Credit Group, Inc. 2019-02-11 - Secondary Buyout
Charlotte, North Carolina · www.commercialcreditgroup.com
ATTOM Data Solutions 2019-01-08 - Secondary Buyout
Irvine, California · www.attomdata.com
View All >>

Portfolio M&A

Company Acquired Add-On/Sale Date #
Billhighway, Inc. 2019-10-14 Impexium 2020-11-19 1
Troy, Michigan · www.billhighway.co McLean, Virginia · www.impexium.com
Foreside Financial Group LLC 2017-02-07 Integrated Compliance Solutions Group LLC 2020-11-02 4
Portland, Michigan · www.foreside.com Hartford, Connecticut · www.i-c-solutions.net
Charles Taylor plc 2019-09-20 SBSA, Inc. 2020-09-18 1
London, United Kingdom · www.ctplc.com Golden, Colorado · www.callsbsa.com
Charles Taylor plc 2019-09-20 LCL International Life Assurance Co. Ltd. 2020-08-25 1
London, United Kingdom · www.ctplc.com , United Kingdom · www.lcl-ila.com
The Keane Organization, Inc. 2014-02-21 Keane’s Unclaimed Property Consulting Services and Software 2020-07-23 1
New York, New York · www.keaneunclaimedproperty.com New York, New York
ATTOM Data Solutions 2019-01-08 Home Junction, Inc. 2020-07-08 1
Irvine, California · www.attomdata.com San Diego, California · www.homejunction.com
InsideRE LLC 2019-08-23 Compfidently LLC 2020-06-30 1
Salt Lake City, Utah · www.insiderealestate.com Los Angeles, California · www.dashcma.com
Foreside Financial Group LLC 2017-02-07 Quasar Distributor LLC 2019-11-25 3
Portland, Michigan · www.foreside.com Milwaukee, Wisconsin
Foreside Financial Group LLC 2017-02-07 Compliance Advisory Services LLC 2019-10-15 2
Portland, Michigan · www.foreside.com , United States
Foreside Financial Group LLC 2017-02-07 NCS Regulatory Compliance 2019-01-03 1
Portland, Michigan · www.foreside.com New York, New York · www.ncsregcomp.com

M&A by Sector

Sector Current # Value All-time # Value
Financial Services 6 (32%) - 28 (64%) 55M (12%)
Business Services 6 (32%) 402M (100%) 8 (18%) 402M (88%)
Information Technology 5 (26%) - 5 (11%) -
Information Services 1 (5%) - 1 (2%) -
Insurance - - 1 (2%) -
Internet Software and Services 1 (5%) - 1 (2%) -
Total 19 $402M 44 $457M

Acquisitions By Geo

State/Country Current # Value All-time # Value
United States 17 (89%) - 42 (95%) 55M (12%)
  California 2 (11%) - 13 (30%) 20M (4%)
  New York 2 (11%) - 5 (11%) -
  Michigan 3 (16%) - 3 (7%) -
  Colorado 2 (11%) - 3 (7%) -
  Massachusetts 1 (5%) - 3 (7%) 35M (8%)
  Pennsylvania 1 (5%) - 3 (7%) -
  Florida 2 (11%) - 2 (5%) -
  Texas - - 2 (5%) -
  Utah 1 (5%) - 1 (2%) -
  Ohio 1 (5%) - 1 (2%) -
  New Jersey 1 (5%) - 1 (2%) -
  Kansas 1 (5%) - 1 (2%) -
  Tennessee - - 1 (2%) -
  North Carolina - - 1 (2%) -
  Illinois - - 1 (2%) -
  Connecticut - - 1 (2%) -
United Kingdom 1 (5%) 402M (100%) 1 (2%) 402M (88%)
Canada 1 (5%) - 1 (2%) -
  Ontario 1 (5%) - 1 (2%) -
Total 19 $402M 44 $457M

Acquisitions by Deal Type

Type Current # Value All-time # Value
Buyout (LBO, MBO, MBI) 3 (16%) - 20 (45%) 35M (8%)
Growth Capital 9 (47%) - 12 (27%) -
Secondary Buyout 3 (16%) - 5 (11%) -
Divestiture 2 (11%) - 3 (7%) -
Recapitalization - - 2 (5%) 20M (4%)
Going Private 1 (5%) 402M (100%) 1 (2%) 402M (88%)
Stake Purchase 1 (5%) - 1 (2%) -
Total 19 $402M 44 $457M

Exits by Deal Type

Type Total # Value
Trade Sale - Public Company 8 (35%) 1.3B (100%)
Secondary Sale 6 (26%) -
Trade Sale 3 (13%) -
IPO 2 (9%) -
Sold to Management 2 (9%) -
Merger 1 (4%) -
Stake Sale 1 (4%) -
Total 23 $1.3B

Top M&A Advisors

Financial Deals
Keefe, Bruyette, & Woods, Inc.
2
J.P. Morgan Securities LLC
1
BMO Capital Markets
1
Legal Deals
Morgan, Lewis & Bockius LLP
5
Kirkland & Ellis LLP
2
McGuireWoods LLP
1

Deal Values

buy # Total
$100M to $1B 1 $402M
< $100M 2 $55M
TOTAL $457M
Largest Charles Taylor plc
$402M (2019-09-20)
sell # Total
$100M to $1B 4 $1.3B
TOTAL $1.3B
Largest H.D. Vest, Inc. (dba H.D. Vest Financial Services)
$580M (2015-10-14)

M&A Connections

Deals %
Acquired from
PE Firm(s)
63%
5 63%
Strategic(s)
38%
3 38%
Exited to
PE Firm(s)
40%
4 40%
Strategic(s)
60%
6 60%

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