M&A Deal Summary

iCapital Network Acquires Artivest Holdings

On May 13, 2020, iCapital Network acquired business services company Artivest Holdings from Aquiline Capital Partners

Acquisition Highlights
  • This is iCapital Network’s 2nd transaction in the Business Services sector.
  • This is iCapital Network’s 2nd transaction in the United States.
  • This is iCapital Network’s 1st transaction in New York.

M&A Deal Summary

Date 2020-05-13
Target Artivest Holdings
Sector Business Services
Buyer(s) iCapital Network
Sellers(s) Aquiline Capital Partners
Deal Type Add-on Acquisition
Advisor(s) RBC Capital Markets (Financial)
Morrison & Foerster (Legal)

Target

Artivest Holdings

New York, New York, United States
Artivest Holdings, Inc. is a provider of premier alternative investment strategies designed for financial professionals and individuals seeking to improve their portfolio diversification. Artivest follows a disciplined process for identifying, evaluating, selecting, and monitoring investment talent across a spectrum of alternative strategies including managed future, global macro, long/short equity, private equity, event-driven, and others. Artivest Holdings is based in New York.

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Buyer(S) 1

Buyer

iCapital Network

New York, New York, United States

Category Company
Founded 2013
Sector Information Technology
DESCRIPTION

iCapital Network is a financial technology platform that provides simplified access to alternative investments. The state-of-the-art online platform offers a curated selection of private equity funds and hedge funds, extensive due diligence support and powerful research tools to a private member network of qualified investors, family offices, registered investment advisors and broker-dealers. iCapital’s end-to-end solution streamlines and automates the investment process with electronic subscriptions, capital calls, distributions and redemptions, fund statements, and user-friendly investor and tax reporting. iCapital Network was founded in 2013 and is based in New York.


DEAL STATS #
Overall 3 of 8
Sector (Business Services) 2 of 3
Type (Add-on Acquisition) 1 of 5
State (New York) 1 of 3
Country (United States) 2 of 7
Year (2020) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-18 Bank of America - Alternative Investment Feeder Fund Operations

Charlotte, North Carolina, United States

Bank of America Corp. - Alternative Investment Feeder Fund Operations business provides sponsorship, administration and advisory services to alternative investment feeder funds (AI feeder funds).

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-06-18 Wells Fargo - Global Alternative Investments Feeder Fund Platform

San Francisco, California, United States

Wells Fargo & Co.'s Global Alternative Investments Feeder Fund Platform supports a full suite of alternative solutions, including private equity, private debt, hedge funds, private real estate and direct private investments across approximately 70 investment vehicles.

Buy -

Seller(S) 1

SELLER

Aquiline Capital Partners

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2005
PE ASSETS 10.4B USD
Size Mega
Type Sector Focused
DESCRIPTION

Aquiline Capital Partners is a private equity firm that targets investments in the financial services sector. The Firm specifically invests in risk-bearing and services enterprises in industries such as property and casualty insurance, specialty finance, securities, asset management, life insurance and transaction processing. Aquiline Capital was formed in 2005 and is based in New York City.


DEAL STATS #
Overall 12 of 27
Sector (Business Services) 2 of 4
Type (Add-on Acquisition) 8 of 14
State (New York) 2 of 4
Country (United States) 7 of 18
Year (2020) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-04-27 Flueid

Austin, Texas, United States

Flueid is a technology company focused on improving upon the inefficient and expensive title-related processes inherent throughout real estate and mortgage lending transactions. Flueid was founded in 2017 and is based in Austin, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-06-10 Core Specialty Insurance

Cincinnati, Ohio, United States

Core Specialty Insurance offers a diversified range of property and casualty insurance products for small to midsized businesses. Core Specialty Insurance is based in Cincinnati, Ohio.

Buy -