Investment Summary

Aeterna Capital Partners, Ares Private Equity Group, Advent Morro Equity Partners and Warburg Pincus Invest In LendingPoint

On October 14, 2015, family office Aeterna Capital Partners, private equity firm Ares Private Equity Group, private equity firm Advent Morro Equity Partners and private equity firm Warburg Pincus invested in financial services company LendingPoint

Investment Highlights
  • This is Aeterna Capital Partners’ 1st, Ares Private Equity Group’s 3rd, Advent Morro Equity Partners’ 2nd and Warburg Pincus’ 23rd transaction in the Financial Services sector.
  • This is Aeterna Capital Partners’ 2nd, Ares Private Equity Group’s 51st, Advent Morro Equity Partners’ 10th and Warburg Pincus’ 147th transaction in the United States.
  • This is Aeterna Capital Partners’ 1st, Ares Private Equity Group’s 5th, Advent Morro Equity Partners’ 2nd and Warburg Pincus’ 4th transaction in Georgia.

Investment Summary

Date 2015-10-14
Target LendingPoint
Sector Financial Services
Investor(s) Aeterna Capital Partners
Ares Private Equity Group
Advent Morro Equity Partners
Warburg Pincus
Deal Type Growth Capital

Target

LendingPoint

Kennesaw, Georgia, United States
LendingPoint is a provider of direct lending services online. LendingPoint offers a fairer lending environment by helping fair credit consumers unlock access to affordable loans. LendingPoint was founded in 2014 and is based in Kennesaw, Georgia.

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Investor(S) 4

DESCRIPTION


DEAL STATS #
Overall 2 of 3
Sector (Financial Services) 1 of 1
Type (Growth Capital) 1 of 1
State (Georgia) 1 of 1
Country (United States) 2 of 3
Year (2015) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-02-18 Kitchen Art

Coral Springs, Florida, United States

Kitchen Art is a provider of kitchen and bathroom cabinetry design, installation and remodelling services. Kitchen Art partners with mid-to-high-end builders that develop master planned communities to offer home buyers customized cabinet upgrade programs. Kitchen Art was founded in 1989 and is based in Coral Springs, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-12 Kitchen Art

Coral Springs, Florida, United States

Kitchen Art is a provider of kitchen and bathroom cabinetry design, installation and remodelling services. Kitchen Art partners with mid-to-high-end builders that develop master planned communities to offer home buyers customized cabinet upgrade programs. Kitchen Art was founded in 1989 and is based in Coral Springs, Florida.

Sell -
Investor

Ares Private Equity Group

Los Angeles, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2003
PE ASSETS 20.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Ares Private Equity Group is the private equity arm of Ares Management, a global alternative asset manager. The Ares Private Equity Group specializes in opportunistic majority/shared control investments in under-capitalized middle-market companies. Ares looks for companies with strong franchises and attractive growth opportunities. The Group prefers to be the lead investor and will invest across the capital structure, including common equity, preferred equity, convertible equity/debt and senior debt. Areas of interest include business services, defense, healthcare, manufacturing, industrial, energy and consumer products and services. Ares Private Equity Group was formed in 2003 and is based in Los Angeles, California.


DEAL STATS #
Overall 59 of 98
Sector (Financial Services) 3 of 4
Type (Growth Capital) 6 of 15
State (Georgia) 5 of 5
Country (United States) 51 of 82
Year (2015) 6 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-09-28 Valet Living

Tampa, Florida, United States

Valet Living is a provider of doorstep collection and recycling services, and also full-service amenities provider to the multifamily industry. Valet Living was founded in 1995 and is based in Tampa, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-11-20 WPX Energy - Van Hook Gathering System

North Dakota, United States

WPX Energy - Van Hook Gathering System consists of pipeline systems that currently gather approximately 11,000 barrels of oil, 6,500 million cubic feet of natural gas,

Buy $185M
Investor

Advent Morro Equity Partners

San Juan, Puerto Rico

Investor Investor


Category Private Equity Firm
Founded 1989
Size Small
Type Sector Agnostic
DESCRIPTION

Advent Morro Equity Partners is a private equity firm focused on opportunities connected to Puerto Rico. The FIrm invests in companies operating in Puerto Rico, Puerto Rican companies expanding into the US, and established US-based companies whose products or services target the US hispanic market. Advent Morro’s seeks to team with management teams looking for capital to accelerate growth organically or through acquisitions. The Firm looks to invest $5 to $10 million in companies with annual revenues between $5 and $20 million. Sectors of interest include healthcare, hospitality, telecommunications, software-development, distribution, education and medical insurance. The Firm will consider a variety of investment situations, including MBOs, corporate divestitures, turnarounds, recapitalization of family owned businesses, and industry consolidation. Advent Morro Equity Partners was formed 1989 and is based in San Juan.


DEAL STATS #
Overall 18 of 22
Sector (Financial Services) 2 of 3
Type (Growth Capital) 5 of 7
State (Georgia) 2 of 2
Country (United States) 10 of 11
Year (2015) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-10-20 Quench USA

King of Prussia, Pennsylvania, United States

Quench USA is a water technology company that provides businesses with high-quality filtered water and other products enabled through its production, such as ice, coffee and tea. Quench systems are rented to its customers, and purify tap water using state-of-the-art technology, eliminating the need for environmentally-wasteful and expensive water delivery. Quench USA was formed in 1997 and is based in King of Prussia, Pennsylvania.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-27 Fania

Miami, Florida, United States

Fania manages and distributes one of the largest latin tropical music catalogs.

Sell -
Investor

Warburg Pincus

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1966
PE ASSETS 83.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Warburg Pincus is a mega-sized, global private equity firm focused on investment opportunities across North America, Asia, and Europe. Warburg will consider investing at various company stages, from early-stage opportunities to distressed situations. Warburg Pincus is organized by industry groups. Verticals include financial services, healthcare, technology, media & telecommunications, energy, consumer & industrial, and real estate. Within financial services, Warburg will consider asset/wealth managers, banks, exchanges, financial technology, insurance, transaction processing, private banking, and specialty/consumer finance. Within healthcare, specific areas of interest include medical devices, healthcare services, and biotech/pharmaceuticals. Within technology/media/communications, Warburg targets software, media/internet/information, financial technology, telecom, business services, and systems/semiconductors. Within energy, specific areas of interest include oil/gas exploration, power generation/transmission, and alternative energy. Warburg Pincus raised its first fund in 1966 and is based in New York City.


DEAL STATS #
Overall 287 of 482
Sector (Financial Services) 23 of 47
Type (Growth Capital) 88 of 158
State (Georgia) 4 of 4
Country (United States) 147 of 237
Year (2015) 22 of 26
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-02 Apteki Gemini

Gdańsk, Poland

Apteki Gemini operates pharmacies in Northern Poland, as well as a nationwide online business. The company offers the broadest range and the lowest prices of drugs in the Polish market, which allows large groups of patients access to drugs. Apteki Gemini was founded in 1990 and is based in Gdańsk, Poland.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-19 Electronic Funds Source

Ogden, Utah, United States

Electronic Funds Source LLC is a provider of innovative and customized corporate payment technology solutions.

Sell $1.1B