M&A Deal Summary

DST Systems Acquires ALPS Financial Services

On November 2, 2011, DST Systems acquired financial services company ALPS Financial Services from Lovell Minnick Partners for 250M USD

Acquisition Highlights
  • This is DST Systems’ 2nd transaction in the Financial Services sector.
  • This is DST Systems’ largest (disclosed) transaction.
  • This is DST Systems’ 6th transaction in the United States.
  • This is DST Systems’ 2nd transaction in Colorado.

M&A Deal Summary
Date 2011-11-02
Target ALPS Financial Services
Sector Financial Services
Buyer(s) DST Systems
Sellers(s) Lovell Minnick Partners
Deal Type Add-on Acquisition
Deal Value 250M USD

Target

ALPS Financial Services

Denver, Colorado, United States
ALPS Financial Services, Inc. is a provider of outsourced back-office administrative and distribution services to exchange-traded funds ('ETFs'), closed-end funds, mutual funds, hedge funds and other pooled investment vehicles. In addition to the fund servicing platform and distribution services, ALPS provides multi-manager investment advisory services.

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Buyer(S) 1

Buyer

DST Systems

Kansas City, Missouri, United States
Category Company
Founded 1968
Sector Information Technology
Employees12,925
Revenue 1.6B USD (2016)
DESCRIPTION
DST Systems' corporate headquarters in downtown Kansas City, Missouri.
DST Systems' corporate headquarters in downtown Kansas City, Missouri.

DST Systems, Inc. is a provider of information processing and servicing solutions to companies around the world. DST delivers strategically unified transactions and business processing, data management, and customer communications solutions to the asset management, brokerage, retirement, and healthcare markets. DST Systems was formed in 1968 and is based in Kansas City, Missouri.

DEAL STATS #
Overall 8 of 10
Sector (Financial Services) 2 of 2
Type (Add-on Acquisition) 6 of 8
State (Colorado) 2 of 2
Country (United States) 6 of 8
Year (2011) 5 of 5
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-10-01 ALPS Holdings

Denver, Colorado, United States

ALPS Holdings, Inc. is a provider of an innovative investment products and customized servicing solutions to the financial services industry.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-06 kasina

New York, New York, United States

kasina LLC is a strategic advisory firm to the asset management industry. kasina is to improve financial services companies through innovation. We help firms understand what the future of asset management and insurance will look like – and then offer integrated services in Innovative Consulting, Forward-Looking Research and Data Analytics.

Buy -

Seller(S) 1

SELLER

Lovell Minnick Partners

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1999
PE ASSETS 3.3B USD
Size Large
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 STATS #
Overall 10 of 29
Sector (Financial Services) 10 of 24
Type (Add-on Acquisition) 1 of 9
State (Colorado) 1 of 3
Country (United States) 10 of 29
Year (2011) 1 of 2
Size (of disclosed) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-10-04 H.D. Vest

Irving, Texas, United States

H.D. Vest, Inc. (dba H.D. Vest Financial Services) is an independent broker/dealer providing tax professionals with the products, training, and support to deliver independent financial solutions to retail investors.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-12-01 Atlantic Asset Management

Stamford, Connecticut, United States

Atlantic Asset Management LLC, is a Stamford, CT based registered investment advisor providing a variety of core and specialized fixed income strategies for a diverse institutional client base.

Sell -
Mergr

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