M&A Deal Summary

Crestview Partners and Grail Partners Acquire Munder Capital Management

On August 7, 2006, private equity firm Crestview Partners and merchant bank Grail Partners acquired financial services company Munder Capital Management for 302M USD

Acquisition Highlights
  • This is Crestview Partners’ 2nd and Grail Partners’ 1st transaction in the Financial Services sector.
  • This is Crestview Partners’ 8th and Grail Partners’ largest (disclosed) transaction.
  • This is Crestview Partners’ 3rd and Grail Partners’ 2nd transaction in the United States.
  • This is Crestview Partners’ 1st and Grail Partners’ 1st transaction in Michigan.
Investment Fate
  • Munder Capital Management was sold to a consortium of buyers in 2014.

M&A Deal Summary
Date 2006-08-07
Target Munder Capital Management
Sector Financial Services
Buyer(s) Crestview Partners
Grail Partners
Deal Type Divestiture
Deal Value 302M USD

Target

Munder Capital Management

Birmingham, Michigan, United States
Munder Capital is an investment management firm offering actively managed investment products to an institutional and retail client base.

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Buyer(S) 2

Buyer

Crestview Partners

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2004
PE ASSETS 10.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Crestview Partners is a private equity firm focused on challenging investment situations. Crestview targets opportunities across a broad range of industries, with a special interest in asset management, media, healthcare and financial service companies. The Firm looks to commit $100 to $250 million of equity capital in transactions valued between $500 million and $3 billion. Crestview Partners was formed in 2004 and is based in New York, New York.

DEAL STATS #
Overall 4 of 55
Sector (Financial Services) 2 of 9
Type (Divestiture) 1 of 4
State (Michigan) 1 of 6
Country (United States) 3 of 44
Year (2006) 3 of 4
Size (of disclosed) 8 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-07-01 FBR Capital Markets

Arlington, Virginia, United States

FBR was founded in 1989 when Emanuel J. Friedman, Eric F. Billings and W. Russell Ramsey borrowed $1 million to launch a research and securities trading firm specializing in the finance and real estate sectors. Hundreds of miles from Wall Street, these three entrepreneurs and 15 other employees established one of the most successful startups in the securities industry in the last half century.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-12-01 Paris Re Holdings

Zug, Switzerland

Paris Re Holdings Ltd. is a property and casualty reinsurer with a global market presence.

Buy $1.6B
Buyer

Grail Partners

San Francisco, California, United States

Investor Investor Investor

Category Merchant Bank
Founded 2005
Size Small
Type Sector Focused
DESCRIPTION

Grail Partners is a merchant bank that provides advisory services in addition to making investments in the investment management industry. Grail looks to invest in established financial service businesses as well as incubate new asset management and financial technology/services companies. Grail Partners was formed in 2005 and is based in Boston, Massachusetts. The Firm has additional offices in New York and San Francisco.

DEAL STATS #
Overall 2 of 6
Sector (Financial Services) 1 of 4
Type (Divestiture) 1 of 1
State (Michigan) 1 of 1
Country (United States) 2 of 6
Year (2006) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-11-01 Chatham Partners

Waltham, Massachusetts, United States

Chatham Partners is a professional services firm providing renewable market research and strategic consulting services to firms throughout the financial services industry. Chatham Partners was founded in 1991 and is based in Waltham, Massachusetts.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-01-01 Offit Capital Advisors

New York, New York, United States

Offit Capital Advisors LLC is an SEC-registered investment advisory firm headquartered in New York, NY that builds multi-asset class portfolios for ultra high-net-worth individuals, families, charities and endowments.

Buy -
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