Going Private • Financial Services

JLL Partners Acquires Populus Financial Group

On October 5, 2006, private equity firm JLL Partners acquired financial services company Populus Financial Group for 455M USD

Acquisition Context
  • This is JLL Partners’ 3rd transaction in the Financial Services sector.
  • This is JLL Partners’ 5th largest (disclosed) transaction.
  • This is JLL Partners’ 12th transaction in the United States.
  • This is JLL Partners’ 4th transaction in Texas.

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M&A Deal Summary

Date October 5, 2006
Target Populus Financial Group
Sector Financial Services
Buyer(s) JLL Partners
Deal Type Going Private
Deal Value 455M USD

Target Company

Populus Financial Group

Irving, Texas, United States
Populus Financial Group is a retailer of financial services, including check cashing, short-term consumer loans and bill payment services, and the largest owner, operator, and franchisor of check cashing stores in the United States. Populus Financial Group was formed in 1968 and is based in Irving, Texas.
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Buyer Overview 1

Buyer

JLL Partners

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1988
PE ASSETS 5.8B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

JLL Partners, Inc. is a private equity investment firm that invests alongside management in middle-market companies. JLL prefers control investments in sectors such as healthcare services, medical products, food and consumer products, chemicals, broadcasting, transportation, automotive, industrial manufacturing, and distribution. In addition to traditional buyout transaction, JLL also seeks distressed/turnaround situations. JLL Partners was formed in 1988 and is based in New York City.


Deal Context for Buyer #
Overall 13 of 41
Sector: Financial Services 3 of 5
Type: Going Private 1 of 4
State: Texas 4 of 8
Country: United States 12 of 39
Year: 2006 2 of 2
Size (of disclosed) 5 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-06-28 PGT Innovations

North Venice, Florida, United States

PGT Innovations is a manufacturer and supplier of impact-resistant windows and doors through its WinGuard-branded product line. PGT’s impact-resistant products combine aluminum or vinyl heavy-duty frames with laminated glass to provide protection from hurricane-force winds and windborne debris. PGT Innovations was founded in 1980 and is based in North Venice, Florida.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-04-01 Patheon BV

Durham, North Carolina, United States

Patheon BV is a global provider of pharmaceutical development and manufacturing services. With approximately 9,000 professionals worldwide, Patheon provides a comprehensive, integrated and highly customizable set of solutions to help clients of all sizes satisfy complex development and manufacturing needs at any stage of the pharmaceutical development cycle. A Healthier World. Delivered.

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