J.S. Held buys Wakelee Associates

By Luisa Beltran — 1 month ago

J.S. Held LLC, a Lovell Minnick Partners portfolio company, said Monday it acquired Wakelee Associates LLC. Financial terms weren’t announced. Hackensack, New Jersey-based Wakelee Associates is an 18-person construction and mitigation consulting firm providing cost and time analysis of residential, commercial and industrial property damage, and owner’s representative services to its clients.

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Private equity firm Lovell Minnick raises $750 million for new fund: Reuters

By Reuters News — 3 months ago

Private equity firm Lovell Minnick Partners said it raised $750 million for its fourth institutional buyout fund, which is focused on middle-market financial services companies. Fundraising for the Lovell Minnick Equity Partners IV fund closed above its initial target of $550 million. Jeffrey Lovell, chairman of Lovell Minnick, said that new regulations have created opportunities […]

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Blucora to acquire PE-backed HD Vest for about $580 mln

By Iris Dorbian — 4 months ago

Blucora has agreed to buy the parent company of HD Vest Financial Services, a provider of wealth management and advisory solutions for tax professionals. The price of the acquisition is about $580 million. The deal is expected to be completed either in the fourth quarter of this year or in the early first quarter of 2016. HD Vest’s backers include Parthenon Capital Partners, Lovell Minnick Partners and Fisher Lynch.

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Lovell Minnick sells part of Matthews Asia stake

By Luisa Beltran — 4 months ago

Lovell Minnick Partners said Wednesday it has agreed to sell a portion of its stake in Matthews International Capital Management LLC (“Matthews Asia”) to Mizuho Financial Group. Financial terms weren’t announced. Matthews International Capital, of San Francisco, is an Asia investment specialist. Lovell acquired a minority stake in Matthews Asia in early 2011. RBC Capital Markets advised Lovell.

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Lovell Minnick Partners invests in Worldwide Facilities

By Iris Dorbian — 7 months ago

Lovell Minnick Partners has provided an undisclosed “significant” investment in Worldwide Facilities LLC. Based in Los Angeles, Worldwide Facilies is a wholesale insurance broker. Waller Helms Advisors LLC provided financial advice to Worldwide Facilities on the transaction while Keefe, Bruyette & Woods did likewise for Lovell Minnick Partners.

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Lovell Minnick invests in Lincoln Investment Planning

By Iris Dorbian — 8 months ago

Lovell Minnick Partners has acquired a minority stake in Lincoln Investment Planning Inc. No financial terms were disclosed for the transaction that’s expected to be completed in the third quarter of this year. Moss Adams Capital served as financial advisor to Lincoln Investment on the deal while Berkshire Capital acted as financial advisor for Lovell Minnick Partners. Headquartered in Wyncote, Pennsylvania, Lincoln Investment is a provider of investment, wealth and retirement planning services.

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Lovell Minnick completes Mercer sale

By Luisa Beltran — 9 months ago

Lovell Minnick Partners said Monday it closed the sale of Mercer Advisors to Genstar Capital. Financial terms weren’t announced. Santa Barbara, California-based Mercer is a registered investment advisor that provides wealth management services to clients throughout the United States.

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LSQ Funding scores $100 mln in Lovell Minnick-led round

By Iris Dorbian — 10 months ago

Lovell Minnick Partners LLC has led a $100 million round for LSQ Funding Group, a provider of working capital solutions for small and mid-sized businesses. J.P. Morgan Securities LLC was financial advisor to Lovell Minnick on the transaction while The Cosine Group, a division of Armory Securities LLC, was financial advisor to LSQ Funding.

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Lovell Minnick Partners invests in J.S. Held, which will merge with Held Enloe

By Iris Dorbian — 10 months ago

Lovell Minnick Partners LLC has acquired a majority stake in J.S. Held LLC, a provider of outsourced consulting services for its insurance clients. No financial terms were disclosed. In addition to the investment, construction consulting firm Held Enloe & Associates LLC will merge with J.S. Held. Deloitte Corporate Finance LLC was financial advisor to J.S. Held and Held Enloe on the transaction while William Blair & Company LLC was financial advisor to Lovell Minnick.

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Lovell Minnick Partners to sell majority stake in Mercer Advisors to Genstar

By Iris Dorbian — 11 months ago

Genstar Capital has agreed to acquire a majority stake in Mercer Advisors from Lovell Minnick Partners. No financial terms were disclosed for the transaction that is expected to be completed in the second quarter of this year. Moelis & Company served as exclusive financial advisor to Mercer on the deal. Based in Santa Barbara, California, Mercer Advisors is a provider of wealth management services.

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Keane to buy Unclaimed Property Recovery and Reporting

By Luisa Beltran — 1 year ago

Keane Holdings, which is backed by Lovell Minnick Partners, has agreed to buy Unclaimed Property Recovery and Reporting. Financial terms weren’t announced. New York-based Unclaimed Property Recovery provides solutions to minimize the liability and risk associated with unclaimed property for organizations.

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PE-backed 361 Capital expands team with new hire

By Iris Dorbian — 1 year ago

361 Capital, which is backed by Lovell Minnick Partners, has hired Clifford Stanton as director of portfolio solutions and product management. Prior to joining the firm, Stanton worked at Envestnet where he served as chief research officer. Based in Denver, 361 Capital is an asset management firm that specializes in liquid alternative investments.

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