M&A Deal Summary

YieldStreet Acquires Athena Art Finance

On April 10, 2019, YieldStreet acquired financial services company Athena Art Finance from The Carlyle Group for 170M USD

Acquisition Highlights
  • This is YieldStreet’s 1st transaction in the Financial Services sector.
  • This is YieldStreet’s largest (disclosed) transaction.
  • This is YieldStreet’s 1st transaction in the United States.
  • This is YieldStreet’s 1st transaction in New York.

M&A Deal Summary
Date 2019-04-10
Target Athena Art Finance
Sector Financial Services
Buyer(s) YieldStreet
Sellers(s) The Carlyle Group
Deal Type Add-on Acquisition
Deal Value 170M USD
Advisor(s) Sandler O'Neill + Partners LP (Financial)

Target

Athena Art Finance

New York, New York, United States
Athena Art Finance Corp. is a specialty finance lender, dedicated to providing loans collateralized by fine art. Athena offers a full-service platform focused on debt origination, portfolio management and distribution of art-backed credit risk globally. Athena Art Finance Corp. was formed in 2015 and is based in New York.

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Buyer(S) 1

Buyer

YieldStreet

New York, New York, United States
Category Company
Founded 2015
Sector Financial Services
DESCRIPTION

Yieldstreet is a private market alternative investment platform focused on generating income streams for investors. With an investor first approach, YieldStreet’s community can build a diversified portfolio of investments outside of the stock market and generate passive income. Investors get unprecedented access to asset classes such as Real Estate, Marine, Legal Finance & Commercial loans. YieldStreet was founded in 2015 and is based in New York City.

DEAL STATS #
Overall 1 of 3
Sector (Financial Services) 1 of 1
Type (Add-on Acquisition) 1 of 3
State (New York) 1 of 2
Country (United States) 1 of 3
Year (2019) 1 of 2
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-16 WealthFlex

Bellevue, Washington, United States

WealthFlex is a digital IRA platform providing investors with fast, easy, and cost-effective access to private investment opportunities through self-directed IRAs. WealthFlex was founded in 2014 and is based in Bellevue, Washington.

Buy -

Seller(S) 1

SELLER

The Carlyle Group

Washington, District of Columbia, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1987
PE ASSETS 435.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
Carlyle's corporate headquarters on Pennsylvania Ave. in Washington, DC.
Carlyle's corporate headquarters on Pennsylvania Ave. in Washington, DC.

The Carlyle Group is a global investment firm that pursues private equity, credit, and real estate investments worldwide. Carlyle's private equity practice practice pursues buyouts, strategic minority equity investments, equity private placements, consolidations and buildups, and growth capital financings. With offices in 19 countries, Carlyle can easily target opportunities throughout North America, Europe, Asia, Australia, the Middle East/North Africa and Latin America. Broad sectors of interest include aerospace, defense, automotive and transportation, consumer, retail, energy and power, financial services, healthcare, industrial, infrastructure, technology services, business services, telecommunications and media. The Carlyle Group was formed in 1987 and is based in Washington DC.

DEAL STATS #
Overall 367 of 480
Sector (Financial Services) 27 of 33
Type (Add-on Acquisition) 156 of 197
State (New York) 12 of 18
Country (United States) 209 of 259
Year (2019) 9 of 23
Size (of disclosed) 99 of 135
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-10 Palacios

Albelda de Iregua, Spain

Palacios is a Spanish private food company in the chilled & ready meals market. Palacios Food has a full portfolio of dry goods under Gallo's own brand or distribution brands. Gallo also makes fresh products (fresh pasta and fresh sauces). Palacios was founded in 1960 and is based in Albelda de Iregua, Spain.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-11 Vereinigte Wirtschaftsdienste

Amsterdam, Germany

Vereinigte Wirtschaftsdienste GmbH (VWD Group) is a provider of software solutions. With its intuitive solutions on a modular technology platform, vwd empowers wealth management and investment professionals to make smarter, more efficient and regulatory-compliant investment decisions.

Sell -
Mergr

Product

Company

Legal