David Scott has joined Lovell Minnick Partners as a senior associate. He will work out of the firm’s El Segundo, Calif. office, and previously was an associate with Berkshire Capital Securities.
Lovell Minnick Partners LLC, an independent private equity firm providing buyout and growth capital to companies in the financial services industry, is pleased to announce the addition of David B. Scott as Senior Associate in the firm’s El Segundo, California office.
Mr. Scott joins the thirteen person investment team which evaluates new investment opportunities in the financial services industry for Lovell Minnick Partners, which has offices in the Los Angeles and Philadelphia areas. Mr. Scott will provide advice and support to existing portfolio companies and will assist in managing the firm’s private equity partnerships totaling over $700 million. He will report to California-based Managing Directors Jeffrey D. Lovell and Robert M. Belke.
Mr. Scott was previously employed as an associate with Berkshire Capital Securities, a boutique investment bank recognized for its focus in the financial services industry. While at Berkshire Capital, David advised clients on mergers and acquisitions involving investment management firms, mutual fund companies and securities brokers. David completed several middle market transactions aggregating nearly $800 million in deal value including the sale of Bingham Legg Advisors to Wilmington Trust Corporation, the Harris Insight Funds to the Phoenix Companies, and the sales of various ABN-AMRO affiliates. Prior to Berkshire Capital, David served as a Product Manager at Strategic Insight LLC, a leading provider of mutual fund and variable annuity database products used for competitive analysis and strategic planning by major financial institutions.
David received his MBA from Harvard Business School and a Bachelor of Science from Bates College.
“David is an outstanding addition to our firm given his background as an investment banker in asset management and an earlier role as a product manager in related information services,” said Jeffrey Lovell.
Lovell Minnick Partners is currently investing Lovell Minnick Equity Partners III LP. This Partnership is focused on investments in the North American market in various financial segments, including asset management, financial planning, financial product distribution, specialty finance, securities brokerage, banking, outsourcing providers and related companies specializing in administration and business services.
About Lovell Minnick Partners
Lovell Minnick Partners LLC is an independent private equity firm providing buyout and growth capital to companies in the financial services industry. From offices in the Los Angeles and Philadelphia areas, Lovell Minnick manages private equity partnerships totaling over $700 million on behalf of qualified private and institutional investors. Portfolio companies of Lovell Minnick operate in various areas of the global financial services industry, including asset management, financial product distribution, outsourced administration services, securities brokerage, and financial consulting. For more information regarding Lovell Minnick Partners visit www.LovellMinnick.com.