Investment Summary

The Blackstone Group and Goense Capital Partners Invest In Bayview Asset Management

On July 28, 2008, private equity firms The Blackstone Group and Goense Capital Partners invested in financial services company Bayview Asset Management

Investment Highlights
  • This is The Blackstone Group’s 3rd and Goense Capital Partners’ 1st transaction in the Financial Services sector.
  • This is The Blackstone Group’s 89th and Goense Capital Partners’ 7th transaction in the United States.
  • This is The Blackstone Group’s 3rd and Goense Capital Partners’ 1st transaction in Florida.

Investment Summary

Date 2008-07-28
Target Bayview Asset Management
Sector Financial Services
Investor(s) The Blackstone Group
Goense Capital Partners
Deal Type Stake Purchase
Advisor(s) J.P. Morgan Securities
Houlihan Lokey (Financial)
Clifford Chance
Schulte Roth & Zabel (Legal)

Target

Bayview Asset Management

Coral Gables, Florida, United States
Bayview Asset Management is specialized in under-served areas of the real estate markets. Bayview provides a range of products and services, including residential and commercial special servicing and managing investment funds focused on residential and commercial assets. Bayview Asset Management was founded in 1993 and is based in Coral Gables, Florida.

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Investor(S) 2

Investor

The Blackstone Group

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1987
PE ASSETS 131.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

The Blackstone Group is a global alternative investment management firm. The Firm's investment activities span real estate, secondary investments, hedge funds, credit, infrastructure, and private equity. Blackstone's private equity group targets opportunities globally including buyout acquisitions of established companies, development projects, growth equity financings, and industry consolidations. Sectors of interest include automotive, healthcare, chemicals, industrial, commercial property, lodging, communications, media/publishing, consumer & retail, packaging, consumer products, pharmaceuticals, energy, technology, entertainment, telecommunications, financial services, theme parks, food & beverage, and transportation. Blackstone's private equity real estate group looks for opportunities across North/South America, Asia, Australia/New Zealand, and Europe. The real estate group will consider both equity and debt investments. Areas of interest include healthcare, hotel, industrial, office, residential, and retail. The Blackstone Group was formed in 1987 and is based in New York, New York.


DEAL STATS #
Overall 127 of 339
Sector (Financial Services) 3 of 16
Type (Stake Purchase) 31 of 49
State (Florida) 3 of 10
Country (United States) 89 of 211
Year (2008) 8 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-07-25 AlliedBarton Security Services

Conshohocken, Pennsylvania, United States

AlliedBarton Security Services LLC is a provider of superior security officer services to protect people, homes and businesses. AlliedBarton tailors security programs to meet clients’ needs with committed professionals who enhance clients’ brands. The most honored security services provider, AlliedBarton consistently delivers exceptional service which creates a differentiated experience for clients and the people they serve. More than 60,000 employees and 120 offices serve thousands of clients with levels of protection that anticipate needs and build enduring relationships.

Buy $756M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-07-31 Optiv

Denver, Colorado, United States

Optiv is a provider of end-to-end cybersecurity solutions. The company help clients plan, build and run successful cybersecurity programs that achieve business objectives through depth and breadth of cybersecurity offerings, extensive capabilities and proven expertise in cybersecurity strategy, managed security services, incident response, risk and compliance, security consulting, training, and support, integration, and architecture services, and security technology. Optiv was founded in 2002 and is based in Denver, Colorado.

Buy -
Investor

Goense Capital Partners

Chicago, Illinois, United States

Investor Investor


Category Private Equity Firm
Founded 2008
PE ASSETS 225M USD
Size Small
Type Sector Agnostic
DESCRIPTION

Goense Capital Partners is a private equity firm focused on making control investments alongside management teams in small to mid-sized business service companies. Goense looks for North American businesses with predictable cash-flow ($2 million+ of EBITDA), identifiable growth opportunities, and market segment leadership. Target transaction situations include consolidations, family successions, shareholder liquidity needs, LBOs, MBOs, and growth capital financings. The Firm prefers to be the lead investor and has a target investment size of $1 to $30 million. Goense was formed in 2008 after becoming independent from Goense Bounds & Partners. The Firm is and is based in Chicago, Illinois.


DEAL STATS #
Overall 7 of 11
Sector (Financial Services) 1 of 1
Type (Stake Purchase) 1 of 1
State (Florida) 1 of 2
Country (United States) 7 of 11
Year (2008) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-07-01 Kirby Lester

Lake Forest, Illinois, United States

Kirby Lester LLC is a pharmacy automation systems provider that offers a full suite of automated dispensing systems, including automatic tablet counters and robotic drug dispensing systems, to pharmacies in the U.S. and internationally.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-02-16 Pretium Packaging

St. Louis, Missouri, United States

Pretium Packaging is a provider of custom, high-performance rigid plastic bottles, and containers, serving a diverse base of customers in the food and specialty beverage, healthcare, sports nutrition, personal care, beauty, and household products end markets. Pretium Packaging was established in 1992 and is based in St. Louis, Missouri.

Buy $200M