Secondary Buyout • Financial Services

BDT & MSD Partners Acquires CCG

On February 11, 2019, merchant bank BDT & MSD Partners acquired financial services company CCG from Lovell Minnick Partners

Acquisition Context
  • This is BDT & MSD Partners’ 1st transaction in the Financial Services sector.
  • This is BDT & MSD Partners’ 6th transaction in the United States.
  • This is BDT & MSD Partners’ 1st transaction in North Carolina.

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M&A Deal Summary

Date February 11, 2019
Target CCG
Sector Financial Services
Buyer(s) BDT & MSD Partners
Sellers(s) Lovell Minnick Partners
Deal Type Secondary Buyout

Target Company

CCG

Charlotte, North Carolina, United States
CCG is a middle-market commercial equipment finance and leasing company serving niche markets. The company's primary areas of focus are the construction, transportation, and waste industries, though transactions for other types of industrial equipment will be considered. CCG's typical transaction ranges from $50,000 to $1,000,000 with terms from 24 to 72 months. CCG specializes in both purchase-money and refinances transactions to customers throughout the United States. CCG was founded in 2004 and is based in Charlotte, North Carolina.
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Buyer Overview 1

Buyer

BDT & MSD Partners


Category Merchant Bank
Founded 2009
PE ASSETS 60.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

BDT Capital Partners provides family-owned and entrepreneurially led companies with long-term, differentiated equity capital. BDT Capital Partners is an affiliate of merchant bank BDT & Company. The Firm is based in Chicago, Illinois.


Deal Context for Buyer #
Overall 7 of 19
Sector: Financial Services 1 of 1
Type: Secondary Buyout 5 of 9
State: North Carolina 1 of 1
Country: United States 6 of 15
Year: 2019 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-03 Cognita Schools

London, United Kingdom

Cognita Schools operates over 70 schools across 8 countries, educating more than 40,000 children, our schools provide a unique global education that goes beyond grades to develop all-round academic excellence – equipping young people with the confidence and resourcefulness that prepares them to grow, thrive, and find their success in a fast-changing world. Cognita Schools was founded in 2004 and based in London, England.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-05 Rather Outdoors

Springfield, Missouri, United States

Rather Outdoors is an outdoor consumer products company with a portfolio of brands, including Lew’s, Strike King, and Hunters Specialties. Rather Outdoors supplies branded fishing and hunting gear and accessories through the mass market, sporting goods, and specialty outdoor channels. Rather Outdoors is based in Springfield, Missouri.

Buy -

Seller Profile 1

SELLER

Lovell Minnick Partners

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1999
PE ASSETS 5.0B USD
Size Mega
Type Sector Agnostic
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 Context for Seller #
Overall 20 of 31
Sector: Financial Services 19 of 26
Type: Secondary Buyout 6 of 9
State: North Carolina 1 of 1
Country: United States 20 of 29
Year: 2019 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-08 ATTOM Data Solutions

Irvine, California, United States

ATTOM Data Solutions provides premium property data to power products that improve transparency, innovation, efficiency, and disruption in a data-driven economy. ATTOM multi-sources property tax, deed, mortgage, foreclosure, environmental risk, natural hazard, and neighborhood data for more than 155 million U.S. residential and commercial properties covering 99 percent of the nation's population. ATTOM Data Solutions was founded in 1996 and is based in Irvine, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-20 J.S. Held

Jericho, New York, United States

J.S. Held is a provider of specialized consulting services to address complex and high-value insurance claims and construction-related matters. J.S. Held was founded in 1974 and is based in Jericho, New York.

Sell -