Financial Services Growth Capital Investments in 2020
Acquisition Volume in Financial Services Growth Capital Investments in 2020 by Year
Last 5 years
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December 31, 2020
- Buyer
- Wealth Partners Capital Group, LLC, HGGC
- Target
- Merit Financial Group, LLC
- Industry
- Financial Services
- Location
- Georgia, United States
- Type
- Growth capital
Merit Financial Group, a hybrid RIA based in Alpharetta, Georgia, received a strategic growth investment from Wealth Partners Capital Group (WPCG) and a group of supporting investors led by private equity firm HGGC. The capital and partnership will support Merit's organic growth and accelerate its M&A strategy to expand its national footprint and advisor partnerships; Merit's management entered into long-term employment agreements and the deal closed December 31, 2020.
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November 6, 2020
- Buyer
- General Atlantic, Hg, IHS Markit
- Target
- Gen II Fund Services, LLC
- Industry
- Financial Services
- Location
- New York, United States
- Type
- Growth capital
Gen II Fund Services, a leading independent alternative asset fund administrator headquartered in New York and Luxembourg, has secured a new strategic investment led by General Atlantic and Hg, with IHS Markit making a minority investment. The founders and management will retain a significant stake while the capital and partners will be used to expand Gen II's technology-enabled fund administration capabilities and global reach.
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October 2, 2020
- Buyer
- Warburg Pincus LLC, Orange Clove Investments BV
- Target
- Home First Finance Company India Ltd
- Seller
- Existing shareholders (secondary sellers, unnamed)
- Industry
- Financial Services
- Location
- Maharashtra, India
- Type
- Growth capital
US private equity firm Warburg Pincus, via affiliate Orange Clove Investments BV, agreed to invest about $95 million (INR 700 crore) in Home First Finance Company India Ltd on October 2, 2020. The transaction comprises a mix of primary capital and secondary share purchases from existing shareholders to support Home First's next phase of expansion in the affordable housing finance segment.
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September 30, 2020
- Buyer
- Mubadala Investment Company
- Target
- Silver Lake
- Seller
- Dyal Capital Partners (a unit of Neuberger Berman)
- Industry
- Financial Services
- Location
- California, United States
- Type
- Growth capital
Mubadala Investment Company committed $2 billion to a new long-term investment strategy led by Silver Lake and acquired a minority equity interest in Silver Lake through a secondary transaction with Dyal Capital Partners. The multi-decade strategy will invest across structures, geographies and industries; terms of the equity purchase were not disclosed and Dyal will retain roughly half of its original investment.
-
- Buyer
- Copley Equity Partners
- Target
- Liberty Commercial Finance
- Industry
- Financial Services
- Location
- California, United States
- Type
- Growth capital
Copley Equity Partners made a significant minority growth investment in Liberty Commercial Finance to support the company's expansion of direct funding capabilities and syndicated originations. The capital, alongside a new senior credit facility, is intended to accelerate Liberty's growth and enhance its equipment lease and finance operations.
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July 13, 2020
- Buyer
- Wafra Inc.
- Target
- Digital Colony
- Seller
- Colony Capital, Inc.
- Industry
- Financial Services
- Location
- Florida, United States
- Type
- Growth capital
Affiliates of Wafra Inc. agreed to acquire a minority stake in Digital Colony, the digital infrastructure investment management division of Colony Capital, in a strategic investment that will total over $400 million in commitments to the Digital Colony platform. The investment provides permanent capital to accelerate Digital Colony's growth and expand its digital infrastructure investment activities including data centers, cell towers, fiber and small cells.
-
- Buyer
- Aquiline Technology Growth (ATG), Aquiline Capital Partners
- Target
- Flueid Software Corporation
- Industry
- Financial Services
- Location
- Texas, United States
- Type
- Growth capital
Aquiline Technology Growth (ATG), an early- and growth-stage fund managed by Aquiline Capital Partners, led a strategic growth investment in Flueid Software Corporation. Flueid will use the capital to accelerate product development, support current implementations, and expand sales and marketing to penetrate additional markets across the title insurance, real estate and mortgage lending industries.
-
- Buyer
- Flexpoint Ford LLC
- Target
- TigerRisk Partners LLC
- Industry
- Financial Services
- Location
- Connecticut, United States
- Type
- Growth capital
Flexpoint Ford has made a strategic growth investment in TigerRisk Partners, a Stamford-based risk, capital and strategic advisor to the global insurance and reinsurance industry. The transaction will provide TigerRisk with additional capital and Flexpoint's sector expertise to support product, talent and geographic expansion while existing management and employees remain significant shareholders.
-
April 17, 2020
- Buyer
- Capital Z Partners, Partners&
- Target
- Switch Health, Three additional UK insurance advisory businesses (names not disclosed)
- Industry
- Financial Services
- Location
- United Kingdom
- Type
- Growth capital
U.K. insurance advisory group Partners& received an initial investment from U.S. private equity firm Capital Z Partners, enabling Partners& to complete the acquisition of four insurance advisory businesses. The deal supports Partners&'s ambition to build a unified group of specialist advisory partners and expand its capabilities across private medical insurance and other specialist broking services.
-
- Buyer
- Capital Constellation
- Target
- Pollen Street Capital
- Industry
- Financial Services
- Location
- United Kingdom
- Type
- Growth capital
Capital Constellation, an investment vehicle managed by Wafra, has acquired a minority ownership interest in Pollen Street Capital and will provide capital to support growth of Pollen Street's private equity and credit businesses. The strategic partnership strengthens Pollen Street's ability to expand its private equity and credit strategies across the United Kingdom and Europe.
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February 18, 2020
- Buyer
- TZP Group (TZP Small Cap Partners I, L.P.)
- Target
- Constellation Advisers, LLC
- Industry
- Financial Services
- Location
- New York, United States
- Type
- Growth capital
TZP Group (via TZP Small Cap Partners I, L.P.) made a significant strategic growth investment in Constellation Advisers, an outsourced and co‑sourced investment management services provider headquartered in New York. Constellation’s founders and senior management remain in place with meaningful retained equity, and the investment will be used to enhance the firm’s technology, processes, controls and human capital to support expanded institutional capabilities and client growth.
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- Buyer
- Bridgepoint Development Capital
- Target
- Reassured
- Industry
- Financial Services
- Location
- England, United Kingdom
- Type
- Growth capital
Bridgepoint Development Capital has agreed an undisclosed minority growth-capital investment in Reassured, a UK life insurance broker, to fund business development, technology investment and new product development. The deal (subject to FCA approval) will support Reassured’s scalability and operational efficiency as it expands its presence across multiple UK offices.
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February 3, 2020
- Buyer
- FTV Capital
- Target
- Centaur Fund Services
- Industry
- Financial Services
- Location
- Ireland
- Type
- Growth capital
Centaur Fund Services, a Dublin-based provider of fund administration and regulatory services for alternative investment funds, secured a growth equity investment from FTV Capital. As part of the transaction FTV partner Kyle Griswold and vice president Brent Fierro will join Centaur's board; the founders will remain significant shareholders and the capital will be used to support geographic expansion, talent acquisition, product development and technology investment.
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January 29, 2020
- Buyer
- Long Ridge Equity Partners, Fenway Summer
- Target
- National Credit Care
- Industry
- Financial Services
- Location
- Colorado, United States
- Type
- Growth capital
Long Ridge Equity Partners and Fenway Summer have made a growth capital investment in National Credit Care (NCC) to support the company's expansion and product/service enhancements. The financing will help NCC scale its credit restoration and counseling services to U.S. consumers while adding Mark Greene and Ian Cohen to the company's board.
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January 7, 2020
- Buyer
- ETFS Capital
- Target
- Skylight IPV Limited
- Industry
- Financial Services
- Location
- England, United Kingdom
- Type
- Growth capital
Skylight IPV Limited, a London-based independent price verification provider for OTC derivatives, secured a significant investment from ETFS Capital to strengthen its balance sheet and accelerate product and technology development. The funding will support Skylight's expansion of IPV services across major asset classes and provide strategic and practical support from ETFS Capital.
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