M&A Deal Summary

Mill Point Capital Acquires Franklin Madison Group

On July 3, 2018, private equity firm Mill Point Capital acquired insurance company Franklin Madison Group from cxLoyalty

Acquisition Highlights
  • This is Mill Point Capital’s 1st transaction in the Insurance sector.
  • This is Mill Point Capital’s 8th transaction in the United States.
  • This is Mill Point Capital’s 1st transaction in Tennessee.

M&A Deal Summary

Date 2018-07-03
Target Franklin Madison Group
Sector Insurance
Buyer(s) Mill Point Capital
Sellers(s) cxLoyalty
Deal Type Divestiture

Target

Franklin Madison Group

Franklin, Tennessee, United States
Franklin Madison Group is a business services platform with deep expertise in the distribution, marketing, and administration of a broad range of simplified, guaranteed-issue insurance products. Franklin Madison Group was founded in 1971 and is based in Franklin, Tennessee.

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Buyer(S) 1

DESCRIPTION

Mill Point Capital is a private equity firm focused on buyouts of established middle-market companies with strong track records. The Firm will consider opportunities throughout North American and generally looks to invest $15 to $80 million in companies valued up to $250 million. Sectors of interest include industrial and business services. Mill Point Capital is based in New York City.


DEAL STATS #
Overall 8 of 28
Sector (Insurance) 1 of 1
Type (Divestiture) 3 of 7
State (Tennessee) 1 of 1
Country (United States) 8 of 26
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-11-30 KKSP Precision Machining

Glendale Heights, Illinois, United States

KKSP Precision Machining is a contract manufacturer of high-volume, medium-tolerance, precision-machined metal components for a variety of applications. K&K specializes in brass components and is the largest Davenport screw machine operator in the United States. KKSP Precision Machining was founded in 1968 and is based in Glendale Heights, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-01 KEMP

Melville, New York, United States

KEMP is a provider of load balancer and application delivery controller (“ADC”) solutions and services. Leveraging an agile per-app load balancing / ADC consumption model, predictive analytics and automated issue resolution, Kemp is radically simplifying how customers optimize, analyze and secure their applications across private and multi-cloud environments. KEMP was founded in 2000 and is based in Melville, New York.

Buy -

Seller(S) 1

SELLER

cxLoyalty

Stamford, Connecticut, United States

Category Company
Sector Marketing
Employees4,150
DESCRIPTION

cxLoyalty is a provider of loyalty solutions for financial services, retail, travel, and telecom industries. cxLoyalty design, administer, fulfill and deliver market leading loyalty programs for respected clients and their customers. cxLoyalty is based in Stamford, Connecticut.


DEAL STATS #
Overall 1 of 2
Sector (Insurance) 1 of 1
Type (Divestiture) 1 of 2
State (Tennessee) 1 of 1
Country (United States) 1 of 2
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-02-12 Tavisca Solutions Pvt.

Pune, India

Tavisca Solutions Pvt. Ltd. is a provider of innovative technology to the travel industry. Tavisca Solutions powers more than 4.8 million travel bookings per year for leading B2C, loyalty-based travel and B2B travel companies globally. Tavisca Solutions helps travel brands transform themselves into technology-centric market leaders in travel, empowering their vision and scaling their business. They recently launched OneConnect – the only travel supplier integration you will ever need.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-28 cxLoyalty Group - Global Loyalty Division

Stamford, Connecticut, United States

cxLoyalty Group's Global Loyalty Division is a provider of loyalty technology solutions that drive deeper connections to clients.

Sell -