M&A Deal Summary

Goldman Sachs Merchant Banking Acquires United Captial Fiancial Partners

On May 16, 2019, private equity firm Goldman Sachs Merchant Banking acquired financial services company United Captial Fiancial Partners from Sageview Capital

Acquisition Highlights
  • This is Goldman Sachs Merchant Banking’s 8th transaction in the Financial Services sector.
  • This is Goldman Sachs Merchant Banking’s 112th transaction in the United States.
  • This is Goldman Sachs Merchant Banking’s 12th transaction in California.

M&A Deal Summary
Date 2019-05-16
Target United Captial Fiancial Partners
Sector Financial Services
Buyer(s) Goldman Sachs Merchant Banking
Sellers(s) Sageview Capital
Deal Type Secondary Buyout

Target

United Captial Fiancial Partners

Newport Beach, California, United States
United Captial Fiancial Partners, Inc. is a nationwide financial planning firm with over $8 billion in assets. It employs a transformational acquisition strategy that targets small to mid-sized independent RIAs and broker dealers.

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Buyer(S) 1

Buyer

Goldman Sachs Merchant Banking

New York, New York, United States
Category Private Equity Firm
Founded 1986
PE ASSETS 155.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Goldman Sachs Merchant Banking Division is the investment arm of Goldman Sachs. The primary corporate investment group within the Merchant Banking Division is Goldman Sachs' direct investment arm. GS's direct investment arm consists of GS Capital Partners, GS Mezzanine Partners, and GS Growth Partners. GS Capital Partners is the direct corporate equity investment group which seeks LBO, recapitalization, and growth investments to help fund acquisitions, expansions, recapitalizations, restructurings, buyouts, and take privates. GS Capital Partners looks to invest between $50 and $800 million in opportunities in North/South America, Europe, Asia. GS Mezzanine Partners is the junior capital arm of Goldman Sachs. GS Mezzanine looks to invest between $200 million and and $800 million in transactions valued up to $10 billion. Investment proceeds are used to fund leveraged buyouts, expansion financings, recapitalizations, acquisitions, and restructurings. GS Growth looks to invest in growth equity transactions. The unit seeks to commit $20 to $200 million per investment. Other units within GS's merchant banking division include Real Estate, Infrastructure, and Urban Investments. Goldman Sachs Merchant Banking Division is based in New York City.

DEAL STATS #
Overall 158 of 183
Sector (Financial Services) 8 of 8
Type (Secondary Buyout) 54 of 67
State (California) 12 of 14
Country (United States) 112 of 127
Year (2019) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-18 StandardAero

Scottsdale, Arizona, United States

StandardAero is an independent maintenance, repair, and overhaul (MRO) provider. The Company offers extensive MRO services and custom solutions for business aviation, commercial aviation, military, and industrial power customers. StandardAero is based in Scottsdale, Arizona.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-17 Aston Lark

London, United Kingdom

Aston Lark is an independent insurance broker specializes in commercial insurance, private client insurance, and employee benefits advice, and operates from 27 regional offices, serving over 100,000 customers and placing in excess of £350 million of the annual premium. Aston Lark was formed in 2017 and is based in London.

Buy -

Seller(S) 1

SELLER

Sageview Capital

Palo Alto, California, United States

Investor Investor Investor Investor Investor

Category Growth Capital Firm
Founded 2005
PE ASSETS 2.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Sageview Capital is a private investment firm focused on minority investments in financial services, technology, and business services companies. Sageview looks to invest $20 to $100 million per transaction to support growth, provide acquisition financing, or fund shareholder liquidity needs. Target companies typically possess proven business models, strong management, opportunities for growth, and defensible market positions. Sageview Capital was formed in 2005 and has offices in Palo Alto, California and Greenwich, Connecticut.

DEAL STATS #
Overall 13 of 17
Sector (Financial Services) 4 of 4
Type (Secondary Buyout) 2 of 3
State (California) 4 of 4
Country (United States) 11 of 14
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-05 Pantheon Systems

San Francisco, California, United States

Pantheon Systems is a provider of website operations platform that enables web developers and marketers to embrace an agile build-test-learn approach to website development that helps them innovate faster and drive business results. Pantheon Systems was established in 2010 and is based in San Francisco, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-06 Ezoic

Carlsbad, California, United States

Ezoic is a provider of an end-to-end platform for digital publishers and website owners that helps them improve revenue, traffic, SEO, website speed, infrastructure, and more. Ezoic is a Certified Google Publishing Partner and a member of the Coalition for Better Ads. Ezoic was established in 2010 and is based in Carlsbad, California.

Buy -
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