Reverence Capital Partners Mergers and Acquisitions Summary

Private Equity Firm Profile

In the last 3 years, Reverence Capital Partners has acquired 5 companies.

Reverence Capital Partners’ most common sectors for investment arefinancial services (70%) and internet software and services (10%) . The Firm’s most common investment types include divestiture (50%) and secondary buyout (20%). In total, Reverence Capital Partners has invested in 9 US states. Its largest (disclosed) acquisition occurred in 2016 when it acquired Diamond Resorts International for $2.2B.

In the last 3 years, Reverence Capital Partners has exited 2 companies. The Firm’s most common exit type is trade sale (100%). Reverence Capital Partners’ largest (disclosed) exit occurred in 2021 when it sold Diamond Resorts International for $1.4B.

Join Mergr to view Reverence Capital Partners’ full profile and discover more small private equity firms just like it.

M&A Summary

  • M&A Total Activity12
    • M&A Buy Activity10
    • M&A Sell Activity2
  • Total Sectors Invested 4
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 10
  • M&A Advisors 9

Reverence Capital Partners

10 East 53rd Street, 14th Floor,
New York, New York 10022
United States
(212) 804-8025
www.reverencecapital.com
info@reverencecapital.com

Reverence Capital Partners is a specialist private investment firm focused on investing in global, middle-market financial services businesses. Specific areas of interest include insurance, asset/wealth management, depositories, finance, financial technology/payments, and capital markets. The Firm targets control and influence-oriented minority investments and typically collaborates with management to drive long-term success. Reverence Capital Partners was formed in 2013 and is based in New York City.


Investment Criteria

Sectors of Interest: Financial Services, Insurance

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

Geographic Preferences: East US, Midwest US, South US, West US, Canada

Transaction Criteria Min Max
Target Revenue - -
Target EBITDA - -
Investment Size - -
Enterprise Value - -

M&A Summary

Buy vs Sell

Year ≤ '16 '17 '18 '19 '20 '21 T
Buy (1.4/yr) # 3 2 - 3 - 2 10
vol $3.4B $2.1B $5.5B
Sell (0.4/yr) # - - - - 1 1 2
vol $1.4B $1.4B
  12

Most Recent M&A

Company Date Value Type
Ministry Brands LLC 2021-11-05 - Divestiture
Lenoir City, Tennessee · www.ministrybrands.com
Diamond Resorts International, Inc. 2021-03-10 1.4B USD Add-on Acquisition
Las Vegas, Nevada · www.diamondresorts.com
Wells Fargo Asset Management 2021-02-23 2.1B USD Divestiture
San Francisco, California
Kabbage, Inc. 2020-08-17 - Add-on Acquisition
Atlanta, Georgia · www.kabbage.com
Vida Capital, Inc. 2019-07-15 - Secondary Buyout
Austin, Texas · www.vidacapitalinc.com
Advisor Group, Inc. 2019-05-09 - Secondary Buyout
New York, New York · www.advisorgroup.com
Blackboard, Inc. - Transact Business Unit 2019-03-07 - Divestiture
Phoenix, Arizona
Venerable Holdings, Inc. 2017-12-21 - Divestiture
West Chester, Pennsylvania · www.venerableannuity.com
CardWorks, Inc. 2017-08-01 - Buyout (LBO, MBO, MBI)
Woodbury, New York · www.cardworks.com
Diamond Resorts International, Inc. 2016-06-29 2.2B USD Going Private
Las Vegas, Nevada · www.diamondresorts.com
View All >>

Portfolio M&A

Company Acquired Add-On/Sale Date #
Venerable Holdings, Inc. 2017-12-21 Corporate Solutions Life Reinsurance Co. 2021-06-01 1
West Chester, Pennsylvania · www.venerableannuity.com New York, New York
Vida Capital, Inc. 2019-07-15 Avmont LLC 2020-07-01 1
Austin, Texas · www.vidacapitalinc.com New York, New York · www.avmont.com
Frank Russell Co. (dba Russell Investments) 2015-10-08 Russell Investments - Actuarial Consulting Business 2017-02-16 1
Seattle, Washington · www.russell.com Sydney, Australia

M&A by Sector

Sector Current # Value All-time # Value
Financial Services 6 (75%) 3.3B (100%) 7 (70%) 3.3B (60%)
Leisure - - 1 (10%) 2.2B (40%)
Internet Software and Services 1 (13%) - 1 (10%) -
Software 1 (13%) - 1 (10%) -
Total 8 $3.3B 10 $5.5B

Acquisitions By Geo

State/Country Current # Value All-time # Value
United States 8 (100%) 3.3B (100%) 10 (100%) 5.5B (100%)
  New York 2 (25%) - 2 (20%) -
  California 1 (13%) 2.1B (65%) 1 (10%) 2.1B (39%)
  Washington 1 (13%) 1.2B (35%) 1 (10%) 1.2B (21%)
  Texas 1 (13%) - 1 (10%) -
  Tennessee 1 (13%) - 1 (10%) -
  Pennsylvania 1 (13%) - 1 (10%) -
  Arizona 1 (13%) - 1 (10%) -
  Nevada - - 1 (10%) 2.2B (40%)
  Georgia - - 1 (10%) -
Total 8 $3.3B 10 $5.5B

Acquisitions by Deal Type

Type Current # Value All-time # Value
Divestiture 5 (63%) 3.3B (100%) 5 (50%) 3.3B (60%)
Secondary Buyout 2 (25%) - 2 (20%) -
Going Private - - 1 (10%) 2.2B (40%)
Buyout (LBO, MBO, MBI) 1 (13%) - 1 (10%) -
Venture - - 1 (10%) -
Total 8 $3.3B 10 $5.5B

Exits by Deal Type

Type Total # Value
Trade Sale - Public Company 2 (100%) 1.4B (100%)
Total 2 $1.4B

Top M&A Advisors

Financial Deals
Broadhaven Capital Partners LLC
2
UBS Investment Bank
2
Macquarie Capital
1
Legal Deals
Fried Frank Harris Shriver & Jacobson LLP
2
Kirkland & Ellis LLP
2
Winston & Strawn LLP
1

Deal Values

buy # Total
> $1B 3 $5.5B
TOTAL $5.5B
Largest Diamond Resorts International, Inc.
$2.2B (2016-06-29)
sell # Total
> $1B 1 $1.4B
TOTAL $1.4B
Largest Diamond Resorts International, Inc.
$1.4B (2021-03-10)

M&A Connections

Deals
Acquired from
Investor(s)
20%
2 (20%)
Strategic(s)
50%
5 (50%)
Exited to
Strategic(s)
100%
2 (100%)

 Subscribe to unlock this and 171,700
investor and company profiles

Sign-up today to get full access

  • check  Unlimited Searches
  • check  Unlimited Profile Views
  • check  Build and Export Lists of
    • PE Backed Companies
    • Direct Investors & Acquirers
    • Advisors
    • Deals
    • & More

What's Mergr?

We built Mergr to save people the arduous and time-consuming process of tracking when companies are bought, sold, and who currently owns them.

Every day, new opportunities emerge around M&A and we help professionals of all types comb through transactions, investors, and corporate acquirers via an easy-to-use web database that is accessible to anyone.

Try us for 1 week free today!

Mergr, the Easiest-to-Use PE and M&A DB


Key Benefits

  • Stay informed on events in your industry
  • M&A research that takes seconds (not all afternoon)
  • Better understand your customers and prospects
  • Discover active buyers (or sellers)
Search
  • 4.2K Private Equity Firms
  • 161K M&A Transactions
  • 167K Companies Involved in M&A
    (Buyer, Seller, or Target)
  • 3.4K M&A Advisors
    (Investment Banks and Law Firms)
  • 59K M&A Contacts
    (PE and M&A Advisors)

Ready to try?

Join FREE for 1 Week

No obligation. Cancel anytime.