M&A Deal Summary |
|
|---|---|
| Date | 2019-11-25 |
| Target | Empyrean Benefit Solutions |
| Sector | Information Technology |
| Buyer(s) | Securian Financial Group |
| Sellers(s) | FTV Capital |
| Deal Type | Add-on Acquisition |
| Advisor(s) | Robert W. Baird & Co., Inc. (Financial) Shearman & Sterling (Legal) |
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| Category | Company |
|---|---|
| Founded | 1880 |
| Sector | Financial Services |
| Employees | 6,400 |
Securian Financial Group is a diversified financial services company offering insurance, investments, and retirement plans and services to individuals and businesses. Securian was established in 1880 and is headquartered in St. Paul, Minnesota.
| DEAL STATS | # |
|---|---|
| Overall | 5 of 6 |
| Sector (Information Technology) | 1 of 1 |
| Type (Add-on Acquisition) | 4 of 5 |
| State (Texas) | 1 of 1 |
| Country (United States) | 2 of 2 |
| Year (2019) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2017-08-08 |
Grove Point
Rockville, Maryland, United States Grove Point is an independent wealth management firm that serves approximately 400 independent financial professionals with $15 billion in client assets. Grove Point was formed in 1984 and is based in Rockville, Maryland. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-09-08 |
Armour Group
London, Ontario, Canada Armour Group is a distributor of credit and specialty property and casualty products through automobile dealers, recreational vehicle dealers and finance companies in Canada. Armour Group was founded in 1972 and is based in London, Ontario. |
Buy | - |
| Category | Growth Capital Firm |
|---|---|
| Founded | 1998 |
| PE ASSETS | 6.2B USD |
| Size | Large |
| Type | Sector Agnostic |
FTV Capital is a multi-stage private equity firm focused on providing capital to high-growth companies. FTV generally seeks to invest in software, business services, and financial services companies which enable financial institutions to expand and to operate more efficiently. Investment proceeds are typically used to fund rapid organic growth, provide shareholder liquidity, pursue add-on acquisitions, or acquire divestitures. FTV prefers to act as the lead or control investor and targets equity commitments of $10 to $85 million per transaction. FTV Capital was established in 1998 and was formerly known as FTVentures. FTV Capital is based in San Francisco with an additional office in New York City.
| DEAL STATS | # |
|---|---|
| Overall | 43 of 61 |
| Sector (Information Technology) | 10 of 13 |
| Type (Add-on Acquisition) | 31 of 39 |
| State (Texas) | 2 of 3 |
| Country (United States) | 40 of 54 |
| Year (2019) | 3 of 3 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2019-11-20 |
CloudFactory
Reading, United Kingdom CloudFactory engages in combining people and technology to provide a workforce in the cloud for machine learning and core business data processing. CloudFactory managed teams have experience with 150+ AI projects and can process data with high accuracy using virtually any tool. CloudFactory was founded in 2010 and is based in Reading, United Kingdom. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2019-12-18 |
BillingPlatform
Denver, Colorado, United States BillingPlatform is a highly sophisticated and dynamic billing solution, that drives success for the modern enterprise. BillingPlatform's agile billing software solution gives innovative enterprises the freedom to effectively monetize and deliver creative products and services resulting in growth and competitive differentiation. BillingPlatform was founded in 2012 and is based in Denver, Colorado. |
Buy | - |
