Private Equity
Abry Partners has agreed to acquire Lake Forest, California-based Portfolio Holding Inc, a provider of finance and insurance products and services to automotive dealers. The seller was Capital Z. No financial terms were disclosed.
3 min read · 19 November 2019
Goldman Sachs Asset Management's Petershill program has made an investment in Slate Asset Management LP, an alternative asset management platform with a focus on real estate and real assets. No financial terms were disclosed. As part of the deal, Slate founders Blair and Brady Welch have made a long-term commitment to the business. According to the firm, Slate has closed over US$11 billion of transactions across Canada, the U.S. and Europe. Slate has offices in Toronto, Calgary, Chicago and Frankfurt.
3 min read · 19 November 2019
Capital One has agreed to acquire Tysons Corner, Virginia-based KippsDeSanto & Co, an investment banking firm focused on serving growth-oriented aerospace/defense, government services and technology companies. The deal is expected to close late in the third quarter of 2019.
3 min read · 19 November 2019
Rochester, New York-based Benefit Resource Inc, a third-party administrator of pre-tax benefits and COBRA services, has secured an undisclosed amount of funding. The investor was CIP Capital.
4 min read · 19 November 2019
The Hilb Group, a portfolio company of Abry Partners, has acquired Tennessee-based Mackie Financial Group LLC, a provider of insurance for employee benefits. No financial terms were disclosed.
1 min read · 19 November 2019
Ultimus Fund Solutions, which is backed by GTCR, has agreed to acquire Clifton Park, New York-based LeverPoint Management, a provider of fund administration, accounting, tax and back office support services to private equity, venture capital and real estate managers. No financial terms were disclosed. The deal is expected to close in the fourth quarter of this year.
3 min read · 19 November 2019
TA Associates has hired Goldman Sachs to seek out a buyer for Russell Investments, the Financial Times is reporting. Russell was valued at $1.15 billion in 2016 when TA acquired the company from the London Stock Exchange, the story said.
1 min read · 19 November 2019
Mercer Global Advisors Inc, which is backed by Genstar Capital, has acquired Camarillo, California-based AL Hewitt, a wealth management firm. No financial terms were disclosed.
4 min read · 18 November 2019
The Hilb Group, a portfolio company of Abry Partners, has acquired Massachusetts-based G&N Insurance, a property and casualty insurance agency. No financial terms were disclosed.
2 min read · 12 November 2019
Dyal Capital Partners, a division of Neuberger Berman, has acquired a minority stake in Owl Rock Capital Group, an alternative asset management firm. No financial terms were disclosed. Kirkland & Ellis served as legal counsel to Owl Rock while Fried Frank did likewise to Dyal.
3 min read · 11 November 2019
