Investment Summary

New Mountain Capital Invests In Lincoln Investment

On October 1, 2020, private equity firm New Mountain Capital invested in financial services company Lincoln Investment from Lovell Minnick Partners

Investment Highlights
  • This is New Mountain Capital’s 2nd transaction in the Financial Services sector.
  • This is New Mountain Capital’s 62nd transaction in the United States.
  • This is New Mountain Capital’s 3rd transaction in Pennsylvania.

Investment Summary
Date 2020-10-01
Target Lincoln Investment
Sector Financial Services
Investor(s) New Mountain Capital
Sellers(s) Lovell Minnick Partners
Deal Type Stake Purchase

Target

Lincoln Investment

Wyncote, Pennsylvania, United States
Lincoln Investment Planning is a full-service independent broker-dealer providing investment, wealth and retirement planning services nationwide through a national network of financial advisors. Clients include corporations, school districts, universities, hospitals, other non-profits, and high net worth individuals. With headquarters in the greater Philadelphia metropolitan area, Lincoln Investment currently has more than 275 employees and over 800 financial advisors with 300 branches in 35 states.

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Investor(S) 1

Investor

New Mountain Capital

New York, New York, United States
Category Private Equity Firm
Founded 2000
PE ASSETS 35.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

New Mountain Capital is a private investment firm focused on investment in public and private companies in a variety of industries. New Mountain generally invests $100 to $500 million per transaction and looks for businesses with strong market positions and high barriers to entry. New Mountain also prefers businesses that succeed in both good and bad economies. Sectors of interest include education, healthcare, business services, federal IT services, media, software, consumer products, logistics, financial services and technologies, and energy. New Mountain Capital was formed in 2000 and is based in New York City.

DEAL STATS #
Overall 66 of 95
Sector (Financial Services) 2 of 2
Type (Stake Purchase) 7 of 7
State (Pennsylvania) 3 of 4
Country (United States) 62 of 90
Year (2020) 5 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-01 IMA Financial

Denver, Colorado, United States

IMA Financial is a diversified financial services company focused on protecting the assets of its widely varied client base through insurance and wealth management solutions. Because IMA is 100-percent employee-owned, its more than 600 associates in Colorado, Kansas, Michigan, New York and Texas are empowered to provide customized solutions for their clients’ unique needs. IMA Financial was founded in 1974 and is based in Denver, Colorado.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-25 Vytalogy Wellness

Chatsworth, California, United States

Vytalogy Wellness and its family of brands, Natrol and Jarrow Formulas, is a wellness company that fuses science and quality ingredients to create highly-efficacious products that make a transformative impact on consumers’ lives.

Buy -

Seller(S) 1

SELLER

Lovell Minnick Partners

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1999
PE ASSETS 3.3B USD
Size Large
Type Sector Agnostic
DESCRIPTION

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 25 of 30
Sector (Financial Services) 21 of 25
Type (Stake Purchase) 3 of 3
State (Pennsylvania) 3 of 3
Country (United States) 25 of 29
Year (2020) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-07-23 Keane

New York, New York, United States

Keane is a provider of unclaimed property compliance solutions. From annual escheat compliance reporting, customized communication programs and in-depth consulting services, Keane provides corporations, mutual funds, banks, brokerage, insurance companies and transfer agents with a depth and breadth of services that is unmatched. Keane was formed in 2010 and is based in New York City.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-28 361 Capital

Denver, Colorado, United States

361 Capital manages and distributes retail liquid alternative products, including mutual funds, separately managed accounts, and hedge fund vehicles. The Company offers innovative investment strategies with superior risk-adjusted returns and investment performance that is uncorrelated with traditional asset management products. 361 Capital was formed in 2001 and is based in Denver, Colorado.

Sell -
Mergr

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