Financial Services Archives | PE Hub https://www.pehub.com/sectors/financial-services/ For the world's private equity markets Thu, 21 Dec 2023 16:19:59 +0000 en-US hourly 1 https://wordpress.org/?v=6.4.2 Houlihan Lokey to acquire placement agent Triago https://www.pehub.com/houlihan-lokey-to-acquire-placement-agent-triago/ Thu, 21 Dec 2023 14:50:22 +0000 https://www.pehub.com/?p=20000003681200 The Triago team will join Houlihan Lokey’s Private Funds Group led by Global Co-Heads Andy Lund and Cristina Forcina Westermann.

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]]> Bain Capital Insurance invests $200m in GuideOne to launch new insurance platform The Mutual Group https://www.pehub.com/bain-capital-insurance-invests-200m-in-guideone-to-launch-new-insurance-platform-the-mutual-group/ Wed, 20 Dec 2023 16:35:54 +0000 https://www.pehub.com/?p=20000003681129 GuideOne is a mutual insurance carrier founded in 1947.

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]]> J.C. Flowers invests $125m in CFG Bank’s holding company Capital Funding Bancorp https://www.pehub.com/j-c-flowers-invests-125m-in-cfg-banks-holding-company-capital-funding-bancorp/ Wed, 20 Dec 2023 13:21:55 +0000 https://www.pehub.com/?p=20000003681091 Based in Baltimore, CFG Bank provides financing and banking solutions to the national healthcare and multifamily industries.

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]]> Aon to acquire PE-backed insurance broker NFP https://www.pehub.com/aon-to-acquire-pe-backed-insurance-broker-nfp/ Wed, 20 Dec 2023 13:15:51 +0000 https://www.pehub.com/?p=20000003681090 The sellers are Madison Dearborn Partners and HPS Investment Partners.

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]]> Cambridge Associates’ Andrea Auerbach: Rate cuts in 2024 may break the transaction logjam and spur activity https://www.pehub.com/cambridge-associates-andrea-auerbach-rate-cuts-in-2024-may-break-the-transaction-logjam-and-spur-activity/ Tue, 19 Dec 2023 12:00:52 +0000 https://www.pehub.com/?p=20000003681007 'Much like covid variants, 2023’s challenges will evolve and expand as we head into 2024, and some might even abate.'

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]]> Cerberus snaps up home equity financing firm Spring EQ https://www.pehub.com/cerberus-snaps-up-home-equity-financing-firm-spring-eq/ Mon, 18 Dec 2023 16:14:34 +0000 https://www.pehub.com/?p=20000003680998 Spring EQ founder and CEO Jerry Schiano will continue to lead the company.

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]]> Aquiline Capital-backed Relation buys Kane Insurance Agency https://www.pehub.com/aquiline-capital-backed-relation-buys-kane-insurance-agency/ Thu, 14 Dec 2023 19:40:31 +0000 https://www.pehub.com/?p=20000003680905 Walnut Creek, California-based Relation is an insurance brokerage.

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]]> Thoma Bravo to invest in investment research platform BlueMatrix https://www.pehub.com/thoma-bravo-to-invest-in-investment-research-platform-bluematrix/ Thu, 14 Dec 2023 13:02:53 +0000 https://www.pehub.com/?p=20000003680836 The transaction is expected to close by the beginning of January 2024.

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]]> Kudu backs investment manager Sage https://www.pehub.com/kudu-backs-investment-manager-sage/ Wed, 13 Dec 2023 15:37:50 +0000 https://www.pehub.com/?p=20000003680776 New York-based Kudu is a provider of permanent capital solutions to independent asset and wealth managers.

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]]> Madison Dearborn’s Amynta to acquire Sutton Special Risk https://www.pehub.com/madison-dearborns-amynta-to-acquire-sutton-special-risk/ Mon, 11 Dec 2023 23:04:29 +0000 https://www.pehub.com/?p=20000003680641 Sutton Special Risk is a managing general underwriter of specialty insurance products with headquarters in Toronto.

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]]> Cynosure invests C$40m more in Wellington-Altus Financial https://www.pehub.com/cynosure-group-invests-in-wellington-altus-financial/ Thu, 07 Dec 2023 14:16:52 +0000 https://www.pehub.com/?p=20000003680556 The deal follows an C$85 million growth equity investment made by Cynosure in the company in 2021.

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]]> Sagard to take stake in Performance Equity Management https://www.pehub.com/sagard-to-take-stake-in-pe-firm-performance-equity-management/ Wed, 06 Dec 2023 14:40:50 +0000 https://www.pehub.com/?p=20000003680495 Sagard's investment in PEM marks its establishment of a fund of funds, secondary and co-investment platform.

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]]> PE-backed Mercer Advisors buys wealth management firm Brighton https://www.pehub.com/pe-backed-mercer-advisors-buys-wealth-management-firm-brighton/ Wed, 06 Dec 2023 13:41:40 +0000 https://www.pehub.com/?p=20000003680491 Based in Denver, Mercer Advisors is a wealth management and financial planning firm.

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]]> PE-backed Mercer Advisors scoops up wealth management firm Paragon https://www.pehub.com/pe-backed-mercer-advisors-scoops-up-wealth-management-firm-paragon/ Tue, 05 Dec 2023 13:37:08 +0000 https://www.pehub.com/?p=20000003680434 Headquartered in Denver, Mercer Advisors is a wealth management and financial planning firm.

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]]> Temasek, EIB to invest $500m in LeapFrog’s climate strategy https://www.pehub.com/temasek-eib-to-invest-500m-in-leapfrogs-climate-strategy/ Thu, 30 Nov 2023 13:49:19 +0000 https://www.pehub.com/?p=20000003680253 The new strategy will address climate change in Africa and emerging Asia.

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]]> Blackstone’s Verdun Perry: ‘GPs are choosing to hold on to their best quality assets longer’ https://www.pehub.com/blackstones-verdun-perry-gps-are-choosing-to-hold-on-to-their-best-quality-assets-longer/ Thu, 30 Nov 2023 12:00:48 +0000 https://www.pehub.com/?p=20000003680027 'We’re still in the very early innings,' Perry said about the secondaries market. 'I would argue we're probably at the top of the second inning.'

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]]> KKR to buy Global Atlantic’s remaining 37% stake for $2.7bn https://www.pehub.com/kkr-to-buy-global-atlantics-remaining-37-stake-for-2-7bn/ Wed, 29 Nov 2023 12:56:57 +0000 https://www.pehub.com/?p=20000003680188 Global Atlantic is an insurance company.

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]]> Genstar-backed Cetera completes take-private of Avantax https://www.pehub.com/genstar-backed-cetera-completes-take-private-of-avantax/ Tue, 28 Nov 2023 10:10:55 +0000 https://www.pehub.com/?p=20000003680078 Avantax is a financial planning and wealth management company.

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]]> BlackGold Capital invests in growth of Northbase Finance https://www.pehub.com/blackgold-capital-invests-in-growth-of-northbase-finance/ Tue, 21 Nov 2023 22:06:51 +0000 https://www.pehub.com/?p=20000003679717 Northbase Finance is a Calgary-based asset-backed financing service provider to underserved markets.

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]]> CD&R to appoint John Stegeman as operating advisor https://www.pehub.com/cdr-to-appoint-john-stegeman-as-operating-advisor/ Tue, 21 Nov 2023 13:06:34 +0000 https://www.pehub.com/?p=20000003679697 Stegeman most recently served as the CEO of White Cap.

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]]> Accenture’s Jay Scanlan: Deal partners request more ideas, increased support from operating pros https://www.pehub.com/value-creation-deal-partners-request-more-ideas-increased-support-from-ops-pros/ Mon, 20 Nov 2023 12:00:33 +0000 https://www.pehub.com/?p=20000003679613 The requirement for operational value creation has escalated amid a deal downturn.

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]]> Rithm takes Sculptor Capital Management private for $719.8m https://www.pehub.com/rithm-takes-sculptor-capital-management-private-for-719-8m/ Fri, 17 Nov 2023 16:03:34 +0000 https://www.pehub.com/?p=20000003679606 As a result of the closing, Sculptor will stop trading on the New York Stock Exchange and be delisted.

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]]> Mill Point-backed Prime Pensions scoops up Pension Benefits Unlimited https://www.pehub.com/mill-point-backed-prime-pensions-scoops-up-pension-benefits-unlimited/ Thu, 16 Nov 2023 15:41:18 +0000 https://www.pehub.com/?p=20000003679561 Headquartered in Florham Park, New Jersey, Prime Pensions is a provider of retirement plan compliance and administration services primarily to small and medium-sized businesses.

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]]> Manulife Investment Management to buy credit shop CQS https://www.pehub.com/manulife-investment-management-to-acquire-cqs/ Thu, 16 Nov 2023 13:47:33 +0000 https://www.pehub.com/?p=20000003679495 CQS is a London, UK-based multi-sector alternative credit manager.

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]]> NYSE’s Michael Harris optimistic about IPOs in 2024 https://www.pehub.com/nyses-michael-harris-optimistic-about-ipos-in-2024/ Thu, 16 Nov 2023 12:00:36 +0000 https://www.pehub.com/?p=20000003679508 'There is a healthy pipeline of IPOs at the NYSE, among US and international issuers and across industry sectors. Private equity and VC-backed transactions continue to represent a meaningful portion of that backlog.'

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]]> Accounting firm Your Part-Time Controller names investment from Pamlico https://www.pehub.com/accounting-firm-your-part-time-controller-names-investment-from-pamlico/ Wed, 15 Nov 2023 19:32:33 +0000 https://www.pehub.com/?p=20000003679510 In conjunction with this deal, YPTC founder and President Eric Fraint will be retiring from the company in early 2024.

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]]> Sumeru Equity Partners to take Q4 private in C$257m deal https://www.pehub.com/sumeru-equity-partners-to-take-q4-private-in-c257m-deal/ Mon, 13 Nov 2023 22:39:32 +0000 https://www.pehub.com/?p=20000003679391 Q4 is a Toronto-based capital markets access platform.

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]]> Car dealership M&A advisor DCG secures investment from Kaltroco https://www.pehub.com/car-dealership-ma-advisor-dcg-secures-investment-from-kaltroco/ Mon, 13 Nov 2023 12:55:49 +0000 https://www.pehub.com/?p=20000003679371 Baird served as financial advisor to DCG and a Hogan Lovells team led by Bill Curtin served as legal advisor.

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]]> Goldman Sachs to snap up insurance distribution firm DOXA https://www.pehub.com/goldman-sachs-to-snap-up-insurance-distribution-firm-doxa/ Wed, 08 Nov 2023 12:38:01 +0000 https://www.pehub.com/?p=20000003679222 DOXA's management team and employee shareholders will remain significant investors alongside Goldman Sachs.

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]]> Aquiline-backed Relation Insurance Services buys two employee benefits providers NSBP and HR Virtual Solutions https://www.pehub.com/aquiline-backed-relation-insurance-services-buys-two-employee-benefits-providers-nsbp-and-hr-virtual-solutions/ Mon, 06 Nov 2023 19:07:21 +0000 https://www.pehub.com/?p=20000003679125 Relation Insurance Services is a U.S.-based insurance brokerage.

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]]> Marlin invests in global trading software provider TRAFiX https://www.pehub.com/marlin-invests-in-global-trading-software-provider-trafix/ Fri, 03 Nov 2023 12:06:34 +0000 https://www.pehub.com/?p=20000003679052 Marks Baughan served as financial advisor to TRAFiX while RBC Capital Markets was financial advisor to Marlin.

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]]> Money, money, money: 6 PE-backed financial services deals https://www.pehub.com/money-money-money-6-pe-backed-financial-services-deals/ Thu, 02 Nov 2023 16:00:38 +0000 https://www.pehub.com/?p=20000003678821 Warburg Pincus, Centerbridge, KKR and Charlesbank are among the PE heavyweights betting on financial services.

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]]> PE-backed Mercer Advisors snaps up wealth management firm Singh Advisory https://www.pehub.com/pe-backed-mercer-advisors-snaps-up-wealth-management-firm-singh-advisory/ Thu, 02 Nov 2023 12:33:16 +0000 https://www.pehub.com/?p=20000003679000 Singh Advisory was founded by Parshad K. Singh in 2018.

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]]> TPG completes Angelo Gordon buyout https://www.pehub.com/tpg-completes-angelo-gordon-buyout/ Thu, 02 Nov 2023 11:56:51 +0000 https://www.pehub.com/?p=20000003678995 Moving forward, Angelo Gordon will operate as TPG Angelo Gordon, a $74 billion credit and real estate investing platform within TPG.

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]]> Apollo-backed Great Bay Renewables closes C$247m credit facility https://www.pehub.com/apollo-backed-great-bay-renewables-closes-c247m-credit-facility/ Thu, 02 Nov 2023 01:27:46 +0000 https://www.pehub.com/?p=20000003678959 Apollo in 2020 invested $80 million in Great Bay Renewables, giving the firm a 50 percent stake.

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]]> Thoma Bravo sells capital markets software provider Adenza to Nasdaq https://www.pehub.com/thoma-bravo-sells-capital-markets-software-provider-adenza-to-nasdaq/ Wed, 01 Nov 2023 13:57:52 +0000 https://www.pehub.com/?p=20000003678945 In conjunction with the closing, Nasdaq has appointed Holden Spaht, a managing partner at Thoma Bravo, to serve as a member of Nasdaq’s board of directors.

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]]> PE-backed Hub International buys D’Onofrio Insurance assets https://www.pehub.com/pe-backed-hub-international-buys-donofrio-insurance-assets/ Thu, 26 Oct 2023 21:22:16 +0000 https://www.pehub.com/?p=20000003678667 D’Onofrio Insurance is an agency providing commercial and personal insurance to clients in the region.

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]]> GCM Grosvenor invests in PE firm Excolere Equity Partners https://www.pehub.com/gcm-grosvenor-invests-in-pe-firm-excolere-equity-partners/ Thu, 26 Oct 2023 12:22:11 +0000 https://www.pehub.com/?p=20000003678630 Managing Partner Tony Miller launched Excolere in 2022 with Pete Davis and Marcelus DeCoulode.

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]]> Blackstone CTO John Stecher: ‘Generative AI can enhance private equity dealmaking’ https://www.pehub.com/blackstone-cto-john-stecher-generative-ai-can-enhance-private-equity-dealmaking/ Thu, 26 Oct 2023 11:31:10 +0000 https://www.pehub.com/?p=20000003678508 Blackstone is building an in-house tool that ‘has the potential to intelligently augment our investment process using generative AI.'

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]]> Brookfield hires Sir Ron Kalifa as vice-chair, financial infra head https://www.pehub.com/brookfield-names-sir-ron-kalifa-as-vice-chair-financial-infra-head/ Tue, 24 Oct 2023 12:26:01 +0000 https://www.pehub.com/?p=20000003678298 Kalifa previously worked as CEO of Worldpay, a global payments company.

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]]> BharCap eyes tech-enabled add-ons for ARMStrong Receivables https://www.pehub.com/bharcap-eyes-tech-enabled-add-ons-for-armstrong-receivables/ Tue, 24 Oct 2023 11:00:44 +0000 https://www.pehub.com/?p=20000003678270 Enterprise values could range from as little as $20m up to a couple hundred of million dollars, managing partner Bharath Srikrishnan said.

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]]> Onex to buy Accredited business from R&Q Insurance Holdings https://www.pehub.com/onex-partners-to-buy-accredited-from-rq-insurance-holdings/ Mon, 23 Oct 2023 15:11:40 +0000 https://www.pehub.com/?p=20000003678310 R&Q Insurance Holdings is a Hamilton, Bermuda-based non-life specialty insurance company.

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]]> AMG invests in Ara Partners https://www.pehub.com/amg-invests-in-ara-partners/ Mon, 23 Oct 2023 13:49:39 +0000 https://www.pehub.com/?p=20000003678306 The stake was previously held by Capital Constellation, an investment platform managed by Wafra Inc.

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]]> Sequoia to snap up M Capital Advisors https://www.pehub.com/sequoia-to-snap-up-m-capital-advisors/ Fri, 20 Oct 2023 13:44:58 +0000 https://www.pehub.com/?p=20000003678265 Akron, Ohio-based Sequoia is a provider of asset management and wealth planning services.

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]]> Charlesbank invests in Petra Funds Group https://www.pehub.com/charlesbank-invests-in-petra-funds-group/ Fri, 20 Oct 2023 12:15:10 +0000 https://www.pehub.com/?p=20000003678257 The Petra founders and management team remain significant shareholders alongside Charlesbank.

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]]> Parabellum’s ieDigital looking at US add-ons to join Connect FSS https://www.pehub.com/parabellums-iedigital-working-on-add-ons-to-join-connect-fss/ Thu, 19 Oct 2023 09:33:36 +0000 https://www.pehub.com/?p=20000003678184 Businesses that add mortgage market or retail banking tools would be a ‘complementary fit’, says Parabellum CEO Rami Cassis.

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]]> Corsair-backed Oakbridge closed 25 acquisitions before sale to Audax https://www.pehub.com/corsair-backed-oakbridge-closed-25-acquisitions-before-sale-to-audax/ Wed, 18 Oct 2023 11:00:23 +0000 https://www.pehub.com/?p=20000003678032 Oakbridge Insurance Agency was formed through the combination of four insurance brokerages in 2020.

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]]> PE-backed Mercer Advisors buys wealth management firm Kingfisher Capital https://www.pehub.com/pe-backed-mercer-advisors-buys-wealth-management-firm-kingfisher-capital/ Tue, 17 Oct 2023 12:12:33 +0000 https://www.pehub.com/?p=20000003678091 Based in Denver, Mercer Global Advisors is a wealth management firm.

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]]> KKR to invest in Catalio Capital Management https://www.pehub.com/kkr-to-invest-in-catalio-capital-management/ Tue, 17 Oct 2023 11:57:42 +0000 https://www.pehub.com/?p=20000003678088 Catalio's capital infusion will be used for growth, personnel hiring and investment strategies.

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]]> TCW snaps up Engine No.1’s ETF platform https://www.pehub.com/tcw-snaps-up-engine-no-1s-etf-platform/ Mon, 16 Oct 2023 17:07:40 +0000 https://www.pehub.com/?p=20000003678043 The Transform ETF platform manages more than $600 million in U.S. equity ETFs.

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]]> Aquarian Holdings takes minority ownership stake in Obra Capital https://www.pehub.com/aquarian-holdings-takes-minority-ownership-stake-in-obra-capital/ Mon, 16 Oct 2023 12:23:22 +0000 https://www.pehub.com/?p=20000003678009 With this deal, Aquarian is replacing Reverence Capital, which has been an investor since 2019.

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]]> Sixth Street-led investor group to acquire fintech firm GreenSky from Goldman Sachs https://www.pehub.com/sixth-street-led-investor-group-to-acquire-fintech-firm-greensky-from-goldman-sachs/ Thu, 12 Oct 2023 13:57:11 +0000 https://www.pehub.com/?p=20000003677899 Other investors in the group include KKR, Bayview Asset Management, and CardWorks.

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]]> Insurance brokerage firm Tropolis grabs investment from Unity Partners https://www.pehub.com/insurance-brokerage-firm-tropolis-grabs-investment-from-unity-partners/ Thu, 12 Oct 2023 13:51:08 +0000 https://www.pehub.com/?p=20000003677895 Tropolis CEO Jeff Mason, CFO Jim Ryans and CTO Ben Calnin are co-founders.

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]]> Global private equity deal value fell 40% in first three quarters https://www.pehub.com/global-private-equity-deal-value-fell-40-in-first-three-quarters/ Tue, 10 Oct 2023 12:49:04 +0000 https://www.pehub.com/?p=20000003677754 While PE deal value was down, the number of deals was up slightly, suggesting more activity focused on the lower mid-market, finds LSEG.

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]]> Parabellum-backed ieDigital scoops up digital banking software firm Connect FSS https://www.pehub.com/parabellum-backed-iedigital-scoops-up-digital-banking-software-firm-connect-fss/ Tue, 10 Oct 2023 12:16:47 +0000 https://www.pehub.com/?p=20000003677752 Based in the UK, ieDigital is a fintech firm.

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]]> BharCap acquires insurance and commercial B2B receivable firm ARMStrong https://www.pehub.com/bharcap-acquires-insurance-and-commercial-b2b-receivable-firm-armstrong/ Tue, 10 Oct 2023 12:12:20 +0000 https://www.pehub.com/?p=20000003677750 Lincoln International and William Blair served as financial advisors to ARMStrong and selling shareholders.

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]]> Bonaccord invests in healthcare PE firm Revelstoke https://www.pehub.com/bonaccord-invests-in-healthcare-pe-firm-revelstoke/ Tue, 10 Oct 2023 12:09:37 +0000 https://www.pehub.com/?p=20000003677749 Bonaccord is a subsidiary of P10, Inc.

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]]> General Atlantic, Carmignac snap up minority stakes in Clipway https://www.pehub.com/general-atlantic-carmignac-snap-up-minority-stakes-in-clipway/ Thu, 05 Oct 2023 11:44:12 +0000 https://www.pehub.com/?p=20000003677660 Clipway will focus on investing in the LP-led secondaries market.

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]]> Genstar Capital to reinvest in Cetera Financial Group https://www.pehub.com/genstar-capital-to-reinvest-in-cetera-financial-group/ Thu, 05 Oct 2023 05:03:59 +0000 https://www.pehub.com/?p=20000003677645 Genstar will remain Cetera's majority investor.

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]]> Cambridge Associates: Co-investing with LPs can help GPs buy and build https://www.pehub.com/cambridge-associates-scott-martin-co-investing-with-lps-can-help-gps-buy-and-build/ Wed, 04 Oct 2023 15:25:39 +0000 https://www.pehub.com/?p=20000003677576 Co-investments are on the rise in many sectors, including software, infrastructure and financial services.

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]]> Madison Dearborn-backed Navacord buys Harbord Insurance https://www.pehub.com/madison-dearborn-backed-navacord-buys-harbord-insurance/ Tue, 03 Oct 2023 15:58:29 +0000 https://www.pehub.com/?p=20000003677590 Operating out of three locations on Vancouver Island, Harbord provides a diverse range of products, including home, auto, travel, recreation and marine.

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]]> HighVista completes acquisition of Abrdn’s US private markets biz https://www.pehub.com/highvista-completes-acquisition-of-abrdns-us-private-markets-biz/ Tue, 03 Oct 2023 13:38:11 +0000 https://www.pehub.com/?p=20000003677579 HighVista is an employee-owned alternative asset manager based in Boston.

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]]> PEWIN appoints Emily Mendell as executive director https://www.pehub.com/pewin-appoints-emily-mendell-as-executive-director/ Tue, 03 Oct 2023 12:45:41 +0000 https://www.pehub.com/?p=20000003677575 Mendell has previously held leadership positions at NVCA and ILPA.

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]]> Great Hill Partners names Tom Spengler as executive-in-residence https://www.pehub.com/great-hill-partners-names-tom-spengler-as-executive-in-residence/ Thu, 28 Sep 2023 12:21:11 +0000 https://www.pehub.com/?p=20000003677378 Spengler will help the firm identify and pursue investments in the government tech industry.

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]]> Audax Private Equity to invest in Oakbridge Insurance Agency https://www.pehub.com/audax-private-equity-to-invest-in-oakbridge-insurance-agency/ Tue, 26 Sep 2023 13:20:27 +0000 https://www.pehub.com/?p=20000003677208 Oakbridge is an independent insurance and risk management company.

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]]> 65 Equity Partners hires Pascal Heberling, Leon Brujis as partners https://www.pehub.com/65-equity-partners-names-pascal-heberling-leon-brujis-as-partners/ Tue, 26 Sep 2023 12:49:03 +0000 https://www.pehub.com/?p=20000003677205 65 Equity Partners is a global investment firm backed by Temasek.

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]]> Why GTCR likes networks in general and R&T Deposit Solutions in particular https://www.pehub.com/gtcr-wants-to-build-out-product-categories-with-rt-deposit-solutions-investment/ Mon, 25 Sep 2023 12:00:45 +0000 https://www.pehub.com/?p=20000003676820 GTCR has a track record of investing in businesses that leverage networks, including Solera, Camp Systems, CallCredit and Optimal Blue.

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]]> Westland Insurance acquires Saskatchewan’s Insurance Matters https://www.pehub.com/westland-insurance-acquires-saskatchewans-insurance-matters/ Tue, 19 Sep 2023 15:00:15 +0000 https://www.pehub.com/?p=20000003676710 Insurance Matters is a residential, commercial, farm and auto insurance brokerage with operating in Saskatchewan.

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]]> CAPTRUST Financial Advisors secures minority investment from Carlyle https://www.pehub.com/captrust-financial-advisors-secures-minority-investment-from-carlyle/ Tue, 19 Sep 2023 12:30:59 +0000 https://www.pehub.com/?p=20000003676781 Based in Raleigh, North Carolina, CAPTRUST is an investment advisor.

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]]> BW Forsyth Partners invests in retail insurance brokerage firm WalkerHughes https://www.pehub.com/bw-forsyth-partners-invests-in-retail-insurance-brokerage-firm-walkerhughes/ Tue, 19 Sep 2023 12:01:30 +0000 https://www.pehub.com/?p=20000003676780 WalkerHughes CEO Ben Schoettmer will continue in his role.

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]]> Apollo invests in Mubadala’s new business strategy https://www.pehub.com/apollo-invests-in-mubadalas-new-business-strategy/ Thu, 14 Sep 2023 18:53:33 +0000 https://www.pehub.com/?p=20000003676639 The new platform provides solutions to investors, with a particular focus on institutional investors and family offices.

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]]> RedBird-backed Arax Investment Partners to buy financial advisor Ashton Thomas Private Wealth https://www.pehub.com/redbird-backed-arax-investment-partners-to-buy-financial-advisor-ashton-thomas-private-wealth/ Wed, 13 Sep 2023 12:07:57 +0000 https://www.pehub.com/?p=20000003676548 Based in New York City, Arax is a wealth management firm.

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]]> Motive Partners: New SEC rules will drive demand for financial data https://www.pehub.com/motive-partners-says-new-sec-regs-will-drive-demand-for-financial-data/ Wed, 13 Sep 2023 09:36:07 +0000 https://www.pehub.com/?p=20000003676539 Motive Partners acquired a majority stake in investment data provider With Intelligence in July in a £400m deal.

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]]> Genstar-backed Cetera to take financial services firm Avantax private https://www.pehub.com/genstar-backed-cetera-to-take-financial-services-firm-avantax-private/ Mon, 11 Sep 2023 15:46:18 +0000 https://www.pehub.com/?p=20000003676473 The transaction puts Avantax at a valuation of $1.2 billion.

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]]> Debt resolution services provider ClearOne snags investment from Comvest https://www.pehub.com/debt-resolution-services-provider-clearone-snags-investment-from-comvest/ Mon, 11 Sep 2023 14:09:04 +0000 https://www.pehub.com/?p=20000003676466 The investment will be used to back ClearOne's growth initiatives.

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]]> KKR to invest more than $1bn in USI Insurance Services https://www.pehub.com/kkr-to-invest-more-than-1bn-in-usi-insurance-services/ Mon, 11 Sep 2023 11:36:12 +0000 https://www.pehub.com/?p=20000003676452 According to the terms of the deal, KKR and USI will purchase shares held by Caisse de dépôt et placement du Québec and certain other investors.

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]]> Prudential Financial and Warburg Pincus to invest in newly formed Prismic Life Reinsurance https://www.pehub.com/prudential-financial-and-warburg-pincus-to-invest-in-newly-formed-prismic-life-reinsurance/ Fri, 08 Sep 2023 11:44:10 +0000 https://www.pehub.com/?p=20000003676403 The initial equity investments will be $1 billion.

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]]> GTCR invests in financial services firm R&T Deposit Solutions https://www.pehub.com/gtcr-invests-in-financial-services-firm-rt-deposit-solutions/ Thu, 07 Sep 2023 11:43:54 +0000 https://www.pehub.com/?p=20000003676360 As a result of the investment, GTCR owns 50 percent of R&T with the remaining 50 percent retained by existing shareholders, which include Estancia Capital Partners and R&T's founding team and employees.

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]]> Bridgepoint to acquire ECP in latest infra consolidation play https://www.pehub.com/ecp-finds-a-match-in-bridgepoint-as-infra-consolidation-heats-up/ Thu, 07 Sep 2023 10:32:27 +0000 https://www.pehub.com/?p=20000003676347 Energy Capital Partners has been acquired by Bridgepoint Group in a deal worth $1.05bn. With ECP, Bridgepoint adds an infra leg to its PE and credit businesses.

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]]> Bridgepoint makes infra play with $1.05bn ECP acquisition https://www.pehub.com/bridgepoint-adds-infrastructure-offering-with-835m-ecp-acquisition/ Wed, 06 Sep 2023 12:29:50 +0000 https://www.pehub.com/?p=20000003676300 ECP is an infrastructure investor based in Summit, New Jersey.

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]]> THL’s Shahab Vagefi: ‘We see deal activity picking up in H2 going into 2024’ https://www.pehub.com/thls-shahab-vagefi-deploying-capital-in-high-quality-assets-will-be-challenging/ Wed, 06 Sep 2023 11:13:17 +0000 https://www.pehub.com/?p=20000003676293 'You need high-quality A-plus assets with good growth, strong customer retention, a differentiated offering and profitability with good free cashflow conversion.'

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]]> Cerberus to acquire home equity lender Spring EQ https://www.pehub.com/cerberus-to-acquire-home-equity-lender-spring-eq/ Thu, 31 Aug 2023 17:23:09 +0000 https://www.pehub.com/?p=20000003676173 Spring EQ founder and CEO Jerry Schiano, alongside the current management team, will continue to lead Spring EQ following the completion of the transaction.

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]]> Blackstone forecasts wave of companies requiring refinancing and seeking structured equity https://www.pehub.com/blackstone-tac-opps-billions-of-dry-powder-poised-for-more-interesting-market/ Thu, 31 Aug 2023 12:02:43 +0000 https://www.pehub.com/?p=20000003676106 Tac Opps, at home in periods of dislocation, is ready to seize on multiple deal opportunities following 'the fastest and highest rate rise in history,' global head David Blitzer says.

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]]> Australis-backed Sekura acquires Mexican insurance broker AER https://www.pehub.com/australis-backed-sekura-acquires-mexican-insurance-broker-aer/ Mon, 28 Aug 2023 14:07:23 +0000 https://www.pehub.com/?p=20000003675895 Based in Mexico City, Sekura is an insurance broker.

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]]> Softened SEC rules still have a bite https://www.pehub.com/softened-sec-rules-still-have-a-bite/ Wed, 23 Aug 2023 21:46:07 +0000 https://www.pehub.com/?p=20000003675743 The commission's new rules are softer than the original proposal, but still impose rigid disclosures on exempt advisers.

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]]> Goldman Sachs to invest in insurance brokerage World Insurance Associates https://www.pehub.com/goldman-sachs-to-invest-in-insurance-brokerage-world-insurance-associates/ Tue, 22 Aug 2023 11:37:47 +0000 https://www.pehub.com/?p=20000003675580 In addition to its equity investment alongside World's existing backer Charlesbank, Goldman Sachs is also leading debt financing in World.

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]]> Tritium Partners-backed Inbenta closes acquisition of Horizn https://www.pehub.com/tritium-partners-backed-inbenta-closes-acquisition-of-horizn/ Tue, 15 Aug 2023 21:13:26 +0000 https://www.pehub.com/?p=20000003675344 Horizn is a Toronto-based provider of easy-to-embed interactive product demos for financial institutions.

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]]> Macquarie Capital names Christopher Hieb as managing director https://www.pehub.com/macquarie-capital-names-christopher-hieb-as-managing-director/ Fri, 11 Aug 2023 08:52:22 +0000 https://www.pehub.com/?p=20000003675202 Macquarie Capital is the corporate advisory, capital markets and principal investing arm of Macquarie Group.

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]]> Warburg Pincus seeks to fill regional bank vacuum https://www.pehub.com/warburg-pincus-seeks-to-fill-regional-bank-vacuum/ Thu, 03 Aug 2023 12:23:31 +0000 https://www.pehub.com/?p=20000003674837 Warburg Pincus and Centerbridge Partners are investing $400m in the merger of regional banks Banc of California and PacWest.

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]]> PE-backed Mercer Advisors snaps up Steward Wealth Management https://www.pehub.com/pe-backed-mercer-advisors-snaps-up-steward-wealth-management/ Wed, 02 Aug 2023 12:02:45 +0000 https://www.pehub.com/?p=20000003674816 Mercer Advisors is a Denver-based wealth management firm.

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]]> PE-backed Mercer Advisors snaps up wealth management firm PAM https://www.pehub.com/pe-backed-mercer-advisors-snaps-up-wealth-management-firm-pam/ Tue, 01 Aug 2023 14:26:23 +0000 https://www.pehub.com/?p=20000003674774 Mercer Advisors is a Denver-based wealth management firm.

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]]> Madison Dearborn-backed Navacord buys Medi-Quote Insurance Brokers https://www.pehub.com/madison-dearborn-backed-navacord-buys-medi-quote-insurance-brokers/ Tue, 01 Aug 2023 13:28:47 +0000 https://www.pehub.com/?p=20000003674729 Medi-Quote Insurance Brokers is a Calgary-based insurance brokerage specializing in travel and medical insurance.

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]]> Warburg Pincus and Centerbridge to invest $400m in Banc of California and PacWest merger https://www.pehub.com/warburg-pincus-and-centerbridge-to-invest-400m-in-banc-of-california-and-pacwest-merger/ Wed, 26 Jul 2023 15:23:46 +0000 https://www.pehub.com/?p=20000003674484 According to the terms of the deal, the combined holding company and bank will operate under the Banc of California name and brand following closing of the transaction.

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]]> Westland Insurance snaps up Prairie-based Andrew Agencies https://www.pehub.com/westland-insurance-snaps-up-prairie-based-andrew-agencies/ Tue, 25 Jul 2023 22:12:02 +0000 https://www.pehub.com/?p=20000003674344 Andrew Agencies is a full-service insurance and financial services company based in Virden, Manitoba.

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]]> Rithm Capital to buy alternative asset manager Sculptor Capital Management https://www.pehub.com/rithm-capital-to-buy-alternative-asset-manager-sculptor-capital-management/ Tue, 25 Jul 2023 15:34:03 +0000 https://www.pehub.com/?p=20000003674370 The deal is valued at about $639 million.

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]]> Obra Capital scoops up asset management and investment research firm KDP’s assets https://www.pehub.com/obra-capital-scoops-up-asset-management-and-investment-research-firm-kdps-assets/ Mon, 24 Jul 2023 12:16:55 +0000 https://www.pehub.com/?p=20000003674274 KDP filed for bankruptcy court protection on May 21, 2023.

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]]> IMB leverages IRS upgrade with eTel investment https://www.pehub.com/imb-leverages-irs-upgrade-with-etel-investment/ Mon, 24 Jul 2023 11:00:10 +0000 https://www.pehub.com/?p=20000003674226 'The IRS is an essential government agency that has been underinvested in,' said IMB founder Tarrus Richardson.

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]]> Nordic Capital’s Anderson: Buyers keen on Macrobond despite slow exit market https://www.pehub.com/nordic-capitals-anderson-macrobond-demand-belied-slow-exit-market/ Thu, 20 Jul 2023 15:34:42 +0000 https://www.pehub.com/?p=20000003674196 The buyer, Francisco Partners, is a San Francisco-based investment firm that partners with technology businesses.

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]]> HighVista to buy abrdn’s U.S. private markets business https://www.pehub.com/highvista-to-buy-abrdns-u-s-private-markets-business/ Thu, 20 Jul 2023 14:17:06 +0000 https://www.pehub.com/?p=20000003674188 The deal includes abrdn's U.S. private equity and venture capital assets as well as the investment and operational teams.

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]]> Apex Group’s Maxwell Johnston: PE pause has opened up opportunities for strategics https://www.pehub.com/apex-groups-maxwell-johnston-pe-pause-has-opened-up-opportunities-for-strategics/ Thu, 20 Jul 2023 11:00:44 +0000 https://www.pehub.com/?p=20000003674017 'We have seen some PE investors ‘pause’ activity, with this temporary hiatus creating new opportunities for strategic acquirers who are able to raise financing more efficiently given prior track records and relationships,' says Maxwell Johnston, head of M&A Apex Group.

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