Private Equity
HGGC has sold part of its stake in Integrity Marketing Group to Harvest Partners. HGGC and management are retaining control. Financial terms weren’t announced. Integrity Marketing, of Dallas, is a distributor of life and health insurance products to the senior market. HGGC invested in the company in 2016.
4 min read · 28 August 2019
BDO has acquired Loughlin Management Partners + Co, a business advisory firm. No financial terms were disclosed. 7 Mile Advisors served as sellside adviser to LM+Co throughout the transaction.
5 min read · 26 August 2019
Avenue Capital Group said Aug. 23 that it invested more than 250 million euros ($278 million) in Castlehaven Finance. Pollen Street Capital was the seller. Castlehaven is an the Irish development and bridging finance lending platform.
2 min read · 26 August 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 · 21 August 2019
Champlain Financial Corp has recruited André La Forge as an advisory partner. La Forge joins from Entrepreneur Capital, an investor in lower mid-market opportunities in Québec and Ontario.
2 min read · 21 August 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 · 20 August 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 August 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 August 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 August 2019
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 August 2019
