M&A Deal Summary |
|
|---|---|
| Date | 2017-08-01 |
| Target | CardWorks |
| Sector | Financial Services |
| Buyer(s) |
Parthenon Capital
Reverence Capital Partners |
| Deal Type | Buyout (LBO, MBO, MBI) |
| Advisor(s) | J.P. Morgan Securities (Financial) Wachtell, Lipton, Rosen & Katz (Legal) |
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| Category | Private Equity Firm |
|---|---|
| Founded | 1998 |
| PE ASSETS | 5.5B USD |
| Size | Mega |
| Type | Sector Agnostic |
Parthenon Capital is a private equity firm focused on investing in service-based businesses with recurring revenues, defensible niches and competitive advantages. Parthenon looks for businesses valued between $75 and $750 million operating in sectors that include business services, financial services, manufacturing, technology-enabled services, and distribution/logistics. Prospective transaction types include recapitalizations, management buyouts, acquisitions, privatizations, and growth capital financings. Parthenon Capital was formed in 1998 and has offices in Boston, Massachusetts and San Francisco, California.
| DEAL STATS | # |
|---|---|
| Overall | 46 of 61 |
| Sector (Financial Services) | 11 of 13 |
| Type (Buyout (LBO, MBO, MBI)) | 10 of 12 |
| State (New York) | 3 of 4 |
| Country (United States) | 46 of 60 |
| Year (2017) | 4 of 5 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2017-07-26 |
Allworth Financial
Sacramento, California, United States Allworth Financial is an independent investment financial advisory firm that specializes in retirement planning, investment advising, and 401(k) management with a direct approach to financial planning. The company delivers long- and short-term investment planning solutions and advice to help clients achieve goals and plan strategically for retirement. Allworth Financial was formed in 1993 and is based in Sacramento, California. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2017-10-10 |
ICD
San Francisco, California, United States ICD is an institutional trading and investment risk management. ICD's next-generation Software-as-a-Service portal, best practices methodologies and award-winning transparency plus exposure analytics, support corporate treasury with end-to-end solutions. The ICD Global Trade Desk provides expert service out of its Boston offices. ICD was founded in 2003 and is based in San Francisco, California. |
Buy | - |
Reverence Capital Partners is a specialist private investment firm focused on investing in global, middle-market financial services businesses. Specific areas of interest include insurance, asset/wealth management, depositories, finance, financial technology/payments, and capital markets. The Firm targets control and influence-oriented minority investments and typically collaborates with management to drive long-term success. Reverence Capital Partners was formed in 2013 and is based in New York City.
| DEAL STATS | # |
|---|---|
| Overall | 4 of 13 |
| Sector (Financial Services) | 3 of 7 |
| Type (Buyout (LBO, MBO, MBI)) | 1 of 1 |
| State (New York) | 1 of 1 |
| Country (United States) | 4 of 13 |
| Year (2017) | 1 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2016-06-29 |
Diamond Resorts
Las Vegas, Nevada, United States Diamond Resorts is a provider of hospitality and management services. The company operates in two segments, Hospitality and Management Services, and Vacation Interest Sales and Financing. Diamond Resorts with its network of more than 420 vacation destinations located in 35 countries throughout the continental United States, Hawaii, Canada, Mexico, the Caribbean, South America, Central America, Europe, Asia, Australasia, and Africa, provides guests with choice and flexibility to let them create their dream vacation, whether they are traveling an hour away or around the world. Our relaxing vacations have the power to give guests an increased sense of happiness and satisfaction in their lives, while feeling healthier and more fulfilled in their relationships, by enjoying memorable and meaningful experiences that let them Stay Vacationed. Diamond Resorts was founded in 1996 and is based in Las Vegas, Nevada. |
Buy | $2.2B |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2017-12-21 |
Venerable
West Chester, Pennsylvania, United States Venerable is a business with well-established, strategic investors, experienced in successfully building and growing insurance businesses with the patient, long-term capital. Venerable was founded in 2017 and is based in West Chester, Pennsylvania. |
Buy | - |
