M&A Deal Summary

Promus Equity Partners and Estancia Capital Management Acquire PMA Financial Network

On April 4, 2019, private equity firms Promus Equity Partners and Estancia Capital Management acquired financial services company PMA Financial Network

Acquisition Highlights
  • This is Promus Equity Partners’ 1st and Estancia Capital Management’s 2nd transaction in the Financial Services sector.
  • This is Promus Equity Partners’ 19th and Estancia Capital Management’s 3rd transaction in the United States.
  • This is Promus Equity Partners’ 5th and Estancia Capital Management’s 1st transaction in Illinois.

M&A Deal Summary

Date 2019-04-04
Target PMA Financial Network
Sector Financial Services
Buyer(s) Promus Equity Partners
Estancia Capital Management
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) Bulkley Capital (Financial)
Dykema Gossett (Legal)

Target

PMA Financial Network

Naperville, Illinois, United States
PMA Financial Network is a provider of cash and fixed income investment management services, administration, distribution, advisory, financial planning (asset/liability management), and broker-dealer services, for public finance entities and local government investment pools (LGIPs). PMA Financial Network is based in Naperville, Illinois.

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Buyer(S) 2

Buyer

Promus Equity Partners

Chicago, Illinois, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2011
PE ASSETS 700M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Promus Equity Partners is a private investment firm affiliated with Promus Holdings, a multi-family office. Promus looks to fund buyouts, management buyouts, and recapitalizations as well as growth equity financings and strategic add-ons for existing portfolio companies. Sectors of interest include consumer products, food, beverages, industrial products, specialty materials, distribution, and business services. Target platform companies generally have up to $15 million of EBITDA. Promus Equity Partners was founded in 2011 and is based in Chicago, Illinois.


DEAL STATS #
Overall 20 of 27
Sector (Financial Services) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 9 of 12
State (Illinois) 5 of 6
Country (United States) 19 of 26
Year (2019) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-05 Quest Products

Pleasant Prairie, Wisconsin, United States

Quest Products is a multifaceted consumer packaged goods company that manufactures and manages wholly owned brands, distributes national brands, sells to retail and online stores, provides drop-ship services, and manages retail websites. Quest Products was founded in 2001 and is based in Pleasant Prairie, Wisconsin.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-18 Total Seal

Phoenix, Arizona, United States

Total Seal is a developer and manufacturer of performance piston rings and accessories for the automotive aftermarket and the broader industrial sector. Total Seal was founded in 1967 and is based in Phoenix, Arizona.

Buy -
Buyer
DESCRIPTION

Estancia Capital Management is a private equity group focused on acquiring or investing in mid-sized asset management companies. The Firm looks to commit $10 to $50 million per opportunity and can support a variety of transaction situations including divestitures, buyouts, growth capital financings, and successions. Estancia Capital Management was founded in 2010 and is based in Scottsdale, Arizona.


DEAL STATS #
Overall 4 of 10
Sector (Financial Services) 2 of 4
Type (Buyout (LBO, MBO, MBI)) 3 of 3
State (Illinois) 1 of 1
Country (United States) 3 of 7
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-09 Equinoxe Alternative Investment Services

Hamilton, Bermuda

Equinoxe Alternative Investment Services Ltd. is a premium alternative investment services provider headquartered in Bermuda, with offices in Bermuda, Ireland, USA, Mauritius, Malta, and Singapore. Company offer full fund administration services as well as comprehensive back and middle office services to single manager hedge funds, fund of hedge funds, individual managed accounts, family offices and alternative portfolios of insurance linked securities and pension funds.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-21 R&T Deposit Solutions

New York, New York, United States

R&T Deposit Solutions provides deposit and liquidity solutions to financial intermediaries around the country. R&T offers a wide range of tech-enabled services to help banks, credit unions, broker-dealers, trust companies, and wealth managers meet their unique cash sweep, deposit funding, and securities-based lending needs. R&T Deposit Solutions was founded in 1974 and is headquartered in New York City.

Buy -