Investment Summary |
|
|---|---|
| Date | 2019-11-14 |
| Target | Pathstone |
| Sector | Financial Services |
| Investor(s) |
Lovell Minnick Partners
Kelso |
| Deal Type | Growth Capital |
| Advisor(s) | Alston & Bird (Legal) |
SEARCH BY
| Category | Private Equity Firm |
|---|---|
| Founded | 1999 |
| PE ASSETS | 5.0B USD |
| Size | Mega |
| 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 | 45 of 58 |
| Sector: Financial Services M&A | 34 of 39 |
| Type: Growth Capital M&A Deals | 11 of 15 |
| State: New Jersey M&A | 1 of 1 |
| Country: United States M&A | 42 of 52 |
| Year: 2019 M&A | 6 of 7 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2019-10-14 |
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 |
|---|---|---|---|
| 2019-12-19 |
Fortis
Novi, Michigan, United States Fortis provides developers and businesses with integrated payment processing capabilities. Fortis offers its proprietary Zeamster platform and gateway focused on integrating with point of sale, software, and ERP providers in various industries. Fortis was founded in 2010 and is based in Novi, Michigan. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1971 |
| PE ASSETS | 15.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
Kelso & Company is a private equity and investment management firm that seeks control investments in middle-market companies operating primarily throughout the US. Sectors of interest include manufacturing, communications, media, distribution, service, consumer products, retail, healthcare, transportation, logistics, textiles, & apparel, chemicals, and energy. Kelso looks to align 'management's interest with those of investors' when considering opportunities. Kelso & Company was formed in 1971 and is based in New York City.
| DEAL STATS | # |
|---|---|
| Overall | 69 of 81 |
| Sector: Financial Services M&A | 6 of 6 |
| Type: Growth Capital M&A Deals | 9 of 11 |
| State: New Jersey M&A | 3 of 4 |
| Country: United States M&A | 59 of 70 |
| Year: 2019 M&A | 3 of 3 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2019-10-17 |
Individual FoodService
Bell, California, United States Individual FoodService distributes paper, plastic, packaging, food, janitorial, sanitation and smallware products to independent restaurants, quick-service restaurants, healthcare facilities, hospitality establishments, country clubs, schools, universities, government institutions, wholesalers, food processors, and food service management institutions. Individual FoodService is based in Bell, California. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2019-12-10 |
Venari Resources
Addison, Texas, United States Venari Resources LLC is an exploration and production company focused on the prolific oil-prone subsalt region in the Gulf of Mexico’s deep waters. Venari’s strategy centers on the exploration and development of high-potential oil prospects, initially through the acquisition of minority interests in prospects generated by capable operators and later through the generation of its own prospects. Venari Resources was formed in 2012 and is based in Addison, Texas. |
Sell | - |
