M&A Deal Summary |
|
|---|---|
| Date | 2019-10-14 |
| Target | Billhighway |
| Sector | Internet Software and Services |
| Buyer(s) | Lovell Minnick Partners |
| Sellers(s) | BluePay |
| Deal Type | Divestiture |
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| Category | Private Equity Firm |
|---|---|
| Founded | 1999 |
| PE ASSETS | 3.3B USD |
| Size | Large |
| Type | Sector Agnostic |
Lovell Minnick Partners is a private equity firm that targets investments in financial services companies located in North America and Europe. Specific areas of interest include asset management, financial planning, financial product distribution, outsource providers, specialty finance, and related administration and business services companies. The Firm looks to commit $40 to $150 million of equity capital per investment. Prospective transaction situations include divestitures, management buyouts, growth capital financings, and recapitalizations. Lovell Minnick was formed in 1999 and is headquartered in Radnor, Pennsylvania.
| DEAL STATS | # |
|---|---|
| Overall | 44 of 55 |
| Sector (Internet Software and Services) | 3 of 3 |
| Type (Divestiture) | 4 of 4 |
| State (Michigan) | 2 of 3 |
| Country (United States) | 41 of 50 |
| Year (2019) | 5 of 7 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2019-09-20 |
Charles Taylor
London, United Kingdom Charles Taylor is an international provider of professional services and technology solutions to the global insurance market, providing loss adjusting, claims management, insurance management, and insurance technology. Charles Taylor was founded in 1996 and is based in London, United Kingdom. |
Buy | £261M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2019-11-14 |
Pathstone
Englewood, New Jersey, United States Pathstone provides integrated and customized family office, wealth, and investment services to multigenerational families, single-family offices, high-net-worth individuals, and institutions. Pathstone was founded in 2010 and is based in Englewood, New Jersey. |
Buy | - |
BluePay is a provider of technology-enabled credit card payment processing services for enterprise, small and medium-sized businesses in the United States and Canada. BluePay Processing is based in Naperville, Illinois.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 2 |
| Sector (Internet Software and Services) | 1 of 1 |
| Type (Divestiture) | 1 of 2 |
| State (Michigan) | 1 of 1 |
| Country (United States) | 1 of 1 |
| Year (2019) | 1 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2016-02-08 |
Billhighway
Troy, Michigan, United States Billhighway is a provider of integrated software and payment solutions to membership-based organizations. The company provides SaaS-based accounting and transaction processing services to MBOs such as fraternities, sororities, unions, and associations. Billhighway was founded in 1999 and is based in Troy, Michigan. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2019-10-25 |
BluePay Canada ULC
Georgetown, Ontario, Canada BluePay Canada ULC is a provider of technology-enabled payment processing for merchants in the United States and Canada. Through physical POS, online, and mobile interfaces, as well as CRM and ERP software integrations, BluePay processes business-to-consumer and business-to-business payments while providing real-time settlement, reporting, and reconciliation, along with robust security features such as tokenization and point-to-point encryption. |
Sell | - |
