M&A Deal Summary

Utmost Acquires Lombard International Group

On July 4, 2024, Utmost acquired financial services company Lombard International Group from The Blackstone Group

Acquisition Highlights
  • This is Utmost’s 1st transaction in the Financial Services sector.
  • This is Utmost’s 1st transaction in Luxembourg.

M&A Deal Summary

Date 2024-07-04
Target Lombard International Group
Sector Financial Services
Buyer(s) Utmost
Sellers(s) The Blackstone Group
Deal Type Add-on Acquisition

Target

Lombard International Group

Luxembourg, Luxembourg
Lombard International Group is a provider of insurance-based wealth, estate and succession planning solutions for upper affluent, high net worth and ultra-high net worth individuals, families and institutions. Lombard International Group was founded in 2013 and is based in Luxembourg, Luxembourg.

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Buyer(S) 1

Buyer

Utmost

San Francisco, California, United States

Category Company
Founded 2018
Sector Software
DESCRIPTION

Utmost is a workforce solutions company, managing the entire extended workforce lifecycle for high-growth, dynamic companies. Utmost supports all talent categories (staff augmentation, service providers, freelancers, SOW, consultants, etc.) in a single module with flexible workflows to cover complex and changing business needs. Utmost was founded in 2018 and is based in San Francisco, California.


DEAL STATS #
Overall 1 of 1
Sector: Financial Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: Luxembourg M&A 1 of 1
Year: 2024 M&A 1 of 1

Seller(S) 1

SELLER

The Blackstone Group

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1987
PE ASSETS 394.0B 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 180 of 193
Sector: Financial Services M&A 10 of 12
Type: Add-on Acquisition M&A Deals 69 of 74
Country: Luxembourg M&A 2 of 2
Year: 2024 M&A 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-06-26 Village Hotels

Warrington, United Kingdom

Village Hotels is a resort has 25 location, with an additional three properties scheduled to open shortly. The company caters to both locals and travelers alike through its extensive food and beverage offerings and health and fitness club amenities. Village Hotels was founded in 1995 and is based in Warrington, United kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-07-16 Trystar

Faribault, Minnesota, United States

Trystar is a manufacturer offering temporary electrical power distribution products for the power rental, industrial, commercial utility, and backup emergency markets that are experiencing secular growth stemming from increasing mobile power utilization, an aging grid, and the growing impact of natural disasters. Trystar was founded in 1992 and is based in Faribault, Minnesota.

Buy -