Investment Summary

Corsair Capital Invests In Miracle Mile Advisors

On September 16, 2022, private equity firm Corsair Capital invested in financial services company Miracle Mile Advisors

Investment Highlights
  • This is Corsair Capital’s 11th transaction in the Financial Services sector.
  • This is Corsair Capital’s 13th transaction in the United States.
  • This is Corsair Capital’s 3rd transaction in California.

Investment Summary

Date 2022-09-16
Target Miracle Mile Advisors
Sector Financial Services
Investor(s) Corsair Capital
Deal Type Growth Capital

Target

Miracle Mile Advisors

Los Angeles, California, United States
Miracle Mile Advisors is an independent, registered investment advisory firm. Miracle Mile Advisors are fiduciaries focused on providing best-in-class guidance, advice, and technology tailored to evolve with you over time. Miracle Mile Advisors was founded in 2007 and is based in Los Angeles, California.

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Investor(S) 1

Investor

Corsair Capital

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1992
PE ASSETS 9.9B USD
Size Mega
Type Sector Focused
DESCRIPTION

Corsair Capital is a private investment firm focused on investments in the financial services industry. Specific areas of interest include banks, insurance companies, credit card specialists, asset managers, private banks, mortgage lenders, financial technology firms, and finance companies. The Firm looks to invest between $50 to $100 million in companies with proven business models and 'meaningful' barriers to entry. Corsair will consider opportunities around the world, including the US, Europe, Latin America, and Asia. Prospective transactions include recapitalizations, growth capital financings, management buyouts, and special/distressed situations. Corsair Capital was originally established in 1992 and is based in New York City. Corsair has an additional office in London.


DEAL STATS #
Overall 29 of 29
Sector: Financial Services M&A 11 of 11
Type: Growth Capital M&A Deals 3 of 3
State: California M&A 3 of 3
Country: United States M&A 13 of 13
Year: 2022 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-01 HungerRush

Houston, Texas, United States

HungerRush is a provider of integrated point of sale (“POS”) software solutions for restaurants and other hospitality merchants. The all-in-one system integrates digital ordering, delivery, customer engagement, restaurant management, and payment processing features with flexible software designed to give operators of all sizes more insight into their customers, more control over their operations, and more power to profitably grow their business. HungerRush was founded in 2003 and is based in Houston, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-03 Notemachine

Powys, United Kingdom

Notemachine is an Independent ATM operator with over 9,000 cash machines throughout the UK. NoteMachine uses its own cash center, engineering, and processing infrastructure to provide an end-to-end solution for independent retailers, national accounts, and financial institutions. Notemachine is based in Powys, United Kingdom.

Sell $179M