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  6. The Beneficient Company Acquires Provident Trust Group

M&A Deal Summary

The Beneficient Company Acquires Provident Trust Group

On August 15, 2016, The Beneficient Company acquired financial services company Provident Trust Group

Acquisition Highlights
  • This is The Beneficient Company’s 1st transaction in the Financial Services sector.
  • This is The Beneficient Company’s 1st transaction in the United States.
  • This is The Beneficient Company’s 1st transaction in Nevada.
Investment Fate
  • Provident Trust Group was divested to a consortium of strategic buyers in 2017.

M&A Deal Summary
Date 2016-08-15
Target Provident Trust Group
Sector Financial Services
Buyer(s) The Beneficient Company
Deal Type Add-on Acquisition

Target

Provident Trust Group

Las Vegas, Nevada, United States
Provident Trust Group LLC is an independent administrator and custodian of over $3 billion of self-directed retirement accounts for high net worth individuals located in all fifty states and invested in alternative assets.

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Buyer(S) 1

Buyer

The Beneficient Company

Dallas, Texas, United States
Category Company
Sector Business Services
DESCRIPTION

The Beneficient Company LP is a provider of liquidity and administrative services for holders of alternative assets and illiquid investment funds.

DEAL STATS #
Overall 1 of 1
Sector (Financial Services) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Nevada) 1 of 1
Country (United States) 1 of 1
Year (2016) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-18 Provident Trust Group

Las Vegas, Nevada, United States

Provident Trust Group LLC is an independent administrator and custodian of over $3 billion of self-directed retirement accounts for high net worth individuals located in all fifty states and invested in alternative assets.

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