Private Equity
Investcorp has agreed to acquire Mercury Capital Advisors, an institutional capital raising and investment adviser. No financial terms were disclosed. The deal is expected to close in the third quarter of 2019.
3 min read · 23 May 2019
3 min read · 22 May 2019
The Hilb Group LLC, a portfolio company of Abry Partners, has acquired Missouri-based The Keane Insurance Group Inc, an insurance broker specializing in medical professional liability insurance for physicians and other healthcare providers. No financial terms were disclosed.
2 min read · 22 May 2019
Ascensus said May 21 that it agreed to buy Pension Strategies Inc. Financial terms weren’t announced. Pension Strategies, of Phoenix, is a third-party administration firm. Ascensus is backed by investors including Genstar Capital, Aquiline Capital Partners, Atlas Merchant Capital LLC and GIC.
2 min read · 21 May 2019
3 min read · 21 May 2019
Broadridge Financial Solutions said May 21 that it agreed to buy RPM Technology for about $300 million. RPM provides enterprise wealth management software solutions and services. Bayshore Capital is the seller.
5 min read · 21 May 2019
Madison Dearborn Partners LLC and HPS Investment Partners said May 21 they are increasing their stakes in The Ardonagh Group, a UK insurance broker. MDP and HPS are buying shares from certain existing institutional investors and other minority shareholders for 92 million pounds ($117 million). Of the 92 million pounds, 82 million pounds came from MDP while 10 million pounds was from HPS. Following the deal, MDP will own 43 percent of Ardonagh, while HPS will have 54 percent.
2 min read · 21 May 2019
Warburg Pincus is in talks to buy NCR, while Apollo Global Management has also expressed interest, according to DealReporter. Bank of America is advising NCR, which makes ATM machines, on the transaction, the story said. Bloomberg earlier this month reported that NCR was exploring options, including a sale.
1 min read · 21 May 2019
Goldman Sachs Group Inc said May 16 that it agreed to buy United Capital Financial Partners Inc for $750 million in cash. United Capital investors include Sageview Capital and Grail Partners. United Capital, of Newport Beach, California, is an RIA with $25 billion of assets under management and more than 220 financial advisors serving 22,000 clients in 90 offices across the U.S. Goldman Sachs & Co LLC served as financial adviser and Fried, Frank, Harris, Shriver & Jacobson LLP was legal counsel to Goldman Sachs. Bill Nook, Mark Karasik and Andrew Langer of Moelis & Co LLC advised United Capital while Kilpatrick Townsend & Stockton LLP was legal counsel.
3 min read · 20 May 2019
Lovell Minnick Partners said May 20 that it agreed to sell J.S. Held LLC to Kelso & Co. Financial terms weren’t announced. J.S. Held provides consulting services to address complex and high value insurance claims and construction-related matters.
4 min read · 20 May 2019
