M&A Deal Summary

Genstar Capital Acquires Cetera

On July 17, 2018, private equity firm Genstar Capital acquired financial services company Cetera from RCS Capital

Acquisition Highlights
  • This is Genstar Capital’s 9th transaction in the Financial Services sector.
  • This is Genstar Capital’s 69th transaction in the United States.
  • This is Genstar Capital’s 11th transaction in California.

M&A Deal Summary
Date 2018-07-17
Target Cetera
Sector Financial Services
Buyer(s) Genstar Capital
Sellers(s) RCS Capital
Deal Type Divestiture

Target

Cetera

El Segundo, California, United States
Cetera is a network of independent firms empowering the delivery of professional financial advice to individuals, families and company retirement plans across the country through trusted financial advisors and financial institutions. Cetera was founded in 2010 and is based in El Segundo, California.

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Buyer(S) 1

Buyer

Genstar Capital

San Francisco, California, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1988
PE ASSETS 49.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Genstar Capital is a private equity firm that seeks investments in life science, healthcare, medical products, industrial technology, software, financial services, packaging, building materials, manufacturing, and business services companies. Genstar looks to invest between $50 and $400 million of equity capital in businesses valued up to $1 billion. Target transaction situations include control-oriented leveraged buyouts of corporate divisions, privately held businesses or public companies, minority investments in privately held businesses or public companies, ownership restructurings/recapitalizations of privately held businesses, growth equity financings, partnerships with other strategic or financial buyers, and take privates. Genstar Capital was formed in 1988 and is based in San Francisco, California.

DEAL STATS #
Overall 76 of 109
Sector (Financial Services) 9 of 11
Type (Divestiture) 8 of 9
State (California) 11 of 14
Country (United States) 69 of 101
Year (2018) 5 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-17 Bracket

Wayne, Pennsylvania, United States

Bracket is a clinical trial technology and specialty services provider dedicated to helping biopharmaceutical sponsors and contract research organizations increase the power of their clinical research data by leveraging core competencies in Science, Technology, and Service.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-31 Accruent

Austin, Texas, United States

Accruent, Inc. is a provider of physical resource management software. Accruent provides market planning, site selection, project management, lease administration, facilities and space management software that is purpose-built for specific industries to deliver greater customer value. Accruent, Inc. was founded in 1995 and is based in Austin, Texas.

Sell $2.0B

Seller(S) 1

SELLER

RCS Capital

New York, New York, United States
Category Company
Sector Financial Services
Employees1,942
Revenue 2.1B USD (2014)
DESCRIPTION

RCS Capital Corp. was formed to operate and grow the following four principal lines of business: a wholesale broker-dealer, an investment banking and capital markets business, a transaction management services provider and a transfer agent. RCS Capital Corp. filed for bankruptcy in 2015.

DEAL STATS #
Overall 1 of 1
Sector (Financial Services) 1 of 1
Type (Divestiture) 1 of 1
State (California) 1 of 1
Country (United States) 1 of 1
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-03-18 Girard Securities

San Diego, California, United States

Girard Securities, Inc. is a provider of securities brokerage and investment services primarily to individual investors. It sells insurance products, including variable and fixed annuities and life insurance.

Buy -
Mergr

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