Lovell Minnick Partners invests in Worldwide Facilities

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

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

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

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

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

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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Lovell Minnick recruits Dura as senior advisor

Lovell Minnick Partners LLC has hired Michael F. Dura as a senior advisor. Previously, Dura worked at Fidelity Investments where he served as an executive vice president of national financial services.

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Keane to buy Unclaimed Property Recovery and Reporting

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

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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Lovell Minnick Partners invests in 361 Capital

Lovell Minnick Partners has acquired a minority ownership stake in 361 Capital. No financial terms were disclosed. Based in Denver, 361 Capital is an asset management firm that specializes in liquid alternative investments.

Lovell Minnick announces two promotions

Private equity firm Lovell Minnick Partners has promoted Jason S. Barg and Trevor C. Rich to principal. Barg first joined the firm in 2010 from Goldman Sachs while Rich joined the firm the same year from Morgan Stanley.

Lovell Minnick Partners Promotes Armstrong to Principal

Lovell Minnick Partners, an independent private equity firm providing buyout and growth capital to companies in the financial services industry, has promoted W. Bradford Armstrong to principal. Armstrong joined Lovell Minnick in 2009 from Bank of America Merrill Lynch‘s Financial Institutions Group, where he was an investment banking associate focused on transactions involving commercial and trust banks, asset managers and financial technology companies.

Lovell Minnick Partners Exits ALPS

Private equity firm Lovell Minnick Partners has completed the sale of ALPS, a provider of asset servicing and asset gathering solutions to the asset management industry, to DST Systems for $250 million. PRESS RELEASE Lovell Minnick Partners today announced that it has completed the previously announced sale of ALPS Holdings, Inc. (ALPS), a leading provider […]

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