M&A Deal Summary |
|
---|---|
Date | 2014-01-16 |
Target | Cetera |
Sector | Financial Services |
Buyer(s) | RCS Capital |
Sellers(s) | Lightyear Capital |
Deal Type | Divestiture |
Deal Value | 1.2B USD |
Advisor(s) | BofA Securities (Financial) Simpson Thacher & Bartlett (Legal) |
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Category | Company |
---|---|
Sector | Financial Services |
Employees | 1,942 |
Revenue | 2.1B USD (2014) |
RCS Capital Corp. was formed to operate and grow the following four principal lines of business: a wholesale broker-dealer, an investment banking and capital markets business, a transaction management services provider and a transfer agent. RCS Capital Corp. filed for bankruptcy in 2015.
DEAL STATS | # |
---|---|
Overall | 1 of 3 |
Sector (Financial Services) | 1 of 3 |
Type (Divestiture) | 1 of 1 |
State (California) | 1 of 2 |
Country (United States) | 1 of 3 |
Year (2014) | 1 of 1 |
Size (of disclosed) | 1 of 1 |
DATE | TARGET | DEAL TYPE | VALUE |
---|---|---|---|
2015-03-12 |
VSR Group
Overland Park, Kansas, United States VSR Group, Inc. is an independent broker-dealer industry. |
Buy | - |
Category | Private Equity Firm |
---|---|
Founded | 2000 |
PE ASSETS | 4.1B USD |
Size | Large |
Type | Sector Focused |
Lightyear Capital is a specialist private equity firm that pursues brand-name businesses in the financial services sector. Lightyear looks for companies with stable, recurring revenues that operate in growing markets. Transaction strategies include leveraged buyouts, recapitalizations, restructurings and consolidations. Lightyear Capital was formed in 2000 and is based in New York City.
DEAL STATS | # |
---|---|
Overall | 12 of 30 |
Sector (Financial Services) | 4 of 13 |
Type (Divestiture) | 2 of 2 |
State (California) | 2 of 3 |
Country (United States) | 9 of 24 |
Year (2014) | 1 of 4 |
Size (of disclosed) | 2 of 11 |
DATE | TARGET | DEAL TYPE | VALUE |
---|---|---|---|
2013-01-16 |
Ed Broking
London, United Kingdom Ed Broking is an independent, global wholesale insurance and reinsurance broker with offices in the world’s key insurance hubs. It matches risks brought to us by expert retail brokers and those seeking reinsurance coverage with underwriters in these major markets. Ed Broking was founded in and is based in London, England. |
Buy | - |
DATE | TARGET | DEAL TYPE | VALUE |
---|---|---|---|
2014-02-13 |
Antares Holdings
Hamilton, Bermuda Antares Holdings is a specialist insurer and reinsurer operating in the Lloyd’s market. |
Sell | - |