Financial services

AccessPay is a software product that connects back office finance systems to banks.

An exclusive: Investcorp-backed Resultant has acquired Liberty Advisor Group, a Chicago based consulting firm specializing in M&A advisory services for private equity firms and Fortune 500 companies; Carlyle has agreed to acquire a majority stake in MAI Capital Management; Greenbelt Capital Partners has acquired American Wire Group.

The transaction puts MAI at a valuation at more than $2.8 billion.

Resultant is looking to execute on about one to two add-on deals a year.

In today's edition, Private funds managers are facing rising risks from sanctions; PE's distribution drought is altering allocation behaviour; Why wealth managers and PE owners could prove a perfect marriage.

Alantra IM has agreed to sell a minority stake in Access Capital Partners.

Motive Partners merged fund administrator Alchelyst and tech-enabled client servicing business Lyra in March.

The deal is expected to be completed in the second half of the year.

The debut of PE Hub's Sector Spotlight series, with the first installment focusing on private equity dealmaking in financial services through conversations with senior dealmakers from Carlyle, Charlesbank, GTCR, Motive Partners, Stone Point Capital and Warburg Pincus.

'Pension plans and insurance companies that are investors with us want comprehensive capital solutions in real estate debt, not single-strategy exposure,' Bonaccord's Ajay Chitkara tells PE Hub.