Investment Summary

Cynosure Group and Kelso Invest In Savant Capital Management

On October 3, 2016, asset manager Cynosure Group and private equity firm Kelso invested in financial services company Savant Capital Management

Investment Highlights
  • This is Cynosure Group’s 2nd and Kelso’s 4th transaction in the Financial Services sector.
  • This is Cynosure Group’s 2nd and Kelso’s 54th transaction in the United States.
  • This is Cynosure Group’s 1st and Kelso’s 2nd transaction in Illinois.

Investment Summary
Date 2016-10-03
Target Savant Capital Management
Sector Financial Services
Investor(s) Cynosure Group
Kelso
Deal Type Growth Capital

Target

Savant Capital Management

Rockford, Illinois, United States
Savant Capital Management is a fee-only wealth management firm. Savant Capital Management offers investment management, financial planning, retirement plan, and family office services to financially established individuals and institutions. Savant also offers corporate accounting, tax preparation, payroll and consulting through its affiliate, Savant Tax & Consulting. Savant Capital Management was founded in 1986 and is based in Rockford, Illinois.

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Investor(S) 2

Investor

Cynosure Group

Investor Investor Investor Investor Investor

Category Asset Manager
Founded 2014
Size Small
Type Sector Agnostic
DESCRIPTION

The Cynosure Group is an independent alternatives asset manager and advisor that makes long-term investments on behalf of families, foundations, and other like-minded institutions. The Firm has a special interest in founder controlled companies with at least $5 million of EBITDA where the owner is looking for full or partial liquidity. Cynosure will consider both minority and majority positions, and will provide follow-on financing if needed. The Cynosure Group is based in Salt Lake City, Utah with an additional office in New York City.

DEAL STATS #
Overall 2 of 13
Sector (Financial Services) 2 of 7
Type (Growth Capital) 1 of 12
State (Illinois) 1 of 1
Country (United States) 2 of 12
Year (2016) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-09-14 Avalon Advisors

Houston, Texas, United States

Avalon Advisors is a money management firm that manages equity, fixed income and balanced portfolios for wealthy families, endowments, foundations and trusts. Avalon provides a high level of customer service and customized solutions for clients in a cost effective and tax efficient manner. Avalon Advisors was founded in 2001 and is based in Houston, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-01 Plancorp

St. Louis, Missouri, United States

Plancorp is an independent wealth advisory firm providing comprehensive wealth management services and serving the unique financial needs of over 1,500 clients nationwide. Plancorp was founded in 1983 and is based in St. Louis, Missouri.

Buy -
Investor

Kelso

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1971
PE ASSETS 15.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Kelso & Company is a private equity and investment management firm that seeks control investments in middle-market companies operating primarily throughout the US. Sectors of interest include manufacturing, communications, media, distribution, service, consumer products, retail, healthcare, transportation, logistics, textiles, & apparel, chemicals, and energy. Kelso looks to align 'management's interest with those of investors' when considering opportunities. Kelso & Company was formed in 1971 and is based in New York City.

DEAL STATS #
Overall 63 of 81
Sector (Financial Services) 4 of 6
Type (Growth Capital) 8 of 11
State (Illinois) 2 of 2
Country (United States) 54 of 70
Year (2016) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-08-22 PE GI Solutions

Jamison, Pennsylvania, United States

PE GI Solutions is a developer, manager, and owner of freestanding, single-specialty endoscopic Ambulatory Surgery Centers in partnership with practicing physicians and hospitals. PE GI Solutions was founded in 1998 and is based in Jamison, Pennsylvania.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-09 Premia

Hamilton, Bermuda

Premia is a reinsurance group with operations in Bermuda, the U.S., and Europe that is focused on sourcing, structuring, and servicing run-off businesses. Premia was founded in 2017 and is based in Hamilton, Bermuda.

Buy $510M
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