M&A Deal Summary |
|
|---|---|
| Date | 2019-07-15 |
| Target | Obra Capital |
| Sector | Financial Services |
| Buyer(s) |
Reverence Capital Partners
RedBird Capital Partners |
| Sellers(s) | Tritium Partners |
| Deal Type | Secondary Buyout |
| Advisor(s) | Moelis & Co. (Financial) Vinson & Elkins (Legal) |
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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 | 8 of 16 |
| Sector: Financial Services M&A | 6 of 9 |
| Type: Secondary Buyout M&A Deals | 2 of 4 |
| State: New York M&A | 2 of 3 |
| Country: United States M&A | 8 of 16 |
| Year: 2019 M&A | 3 of 3 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2019-05-09 |
Osaic
Scottsdale, Arizona, United States Osaic provides comprehensive broker-dealer services, technology, and advisory programs through its four registered broker-dealers and Registered Investment Advisors. Osaic was founded in 1999 and is based in Scottsdale, Arizona. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-08-17 |
Kabbage
Atlanta, Georgia, United States Kabbage, Inc. is a provider of short-term financing to small, underbanked businesses and merchants who primarily sell their products and services online. |
Sell | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 2014 |
| PE ASSETS | 10.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
RedBird Capital Partners is a private equity firm focused on investing in growth-oriented companies in the business services, financial services, sports/leisure/hospitality, and media/entertainment sectors. RedBird will consider opportunities throughout North America and has a particular interest in businesses at an inflection point with proven business models, strong management, and little debt. RedBird Capital Partners was formed in 2014 and is based in New York, New York.
| DEAL STATS | # |
|---|---|
| Overall | 18 of 44 |
| Sector: Financial Services M&A | 1 of 1 |
| Type: Secondary Buyout M&A Deals | 1 of 2 |
| State: New York M&A | 4 of 9 |
| Country: United States M&A | 17 of 36 |
| Year: 2019 M&A | 3 of 6 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2019-06-01 |
Constellation Affiliated Partners
New York, New York, United States Constellation Affiliated Partners is a national Managing General Agent insurance distribution platform. Developed as a platform buy-and-build in partnership with experienced insurance executive, Bill Goldstein, Constellation’s strategy is centered around partnering with MGAs, MGUs, and specialty wholesalers to establish a diversified scale book of premiums and distribution capabilities for its carrier partners. The company writes a diverse set of insurance lines, including contractors’ general liability, commercial transportation, specialty, and professional liability. Constellation Affiliated Partners was formed in 2019 and is based in New York, New York. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2019-08-29 |
YES Network
New York, New York, United States YES Network is a 24/7 sports and entertainment television network featuring the New York Yankees. YES also broadcasts the New Jersey Nets and other professional and collegiate sports teams as well as classic sports footage and sports-related content. YES Network was founded in 2002 and is based in New York City. |
Buy | $3.5B |
| Category | Private Equity Firm |
|---|---|
| Founded | 2013 |
| PE ASSETS | 1.5B USD |
| Size | Large |
| Type | Sector Agnostic |
Tritium Partners is a private equity firm focused on acquiring profitable, growth-oriented lower middle-market companies. The Firm seeks companies with $2 to $15 million of EBITDA in the internet/information services, supply chain logistics, business services, and financial services sectors. Tritium Partners was formed in 2013 and is based in Austin, Texas.
| DEAL STATS | # |
|---|---|
| Overall | 7 of 12 |
| Sector: Financial Services M&A | 1 of 2 |
| Type: Secondary Buyout M&A Deals | 1 of 1 |
| State: New York M&A | 1 of 1 |
| Country: United States M&A | 7 of 12 |
| Year: 2019 M&A | 2 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2019-01-08 |
RoadOne IntermodaLogistics
Randolph, Massachusetts, United States RoadOne IntermodaLogistics is a provider of intermodal transportation solutions for domestic and international shippers. RoadOne IntermodaLogistics was founded in 1996 and is based in Randolph, Massachusetts. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2019-10-08 |
Pjxmedia
New York, New York, United States Pjxmedia is an operator of a technology-driven Out-of-Home media agency. It partners with agencies and brands, providing them access to every format of OOH inventory (digital and traditional) across the US. Pjxmedia was founded in 2010 and is based in New York, New York. |
Buy | - |
