Franklin BSP Realty Trust Acquires NewPoint Holdings JV L.L.C.

Franklin BSP Realty Trust Acquires Capstead Mortgage Corporation

October 19, 2021

Real Estate

Franklin BSP Realty Trust, Inc. (FBRT) completed its merger with Capstead Mortgage Corporation (CMO), with Capstead ceasing to be publicly traded after the close of trading on October 18, 2021. Under the merger each Capstead share converted into newly issued FBRT common stock and cash consideration (with an additional cash component paid by Benefit Street Partners), and the combined company will trade under the ticker FBRT on the NYSE.

NextPoint Acquisition Corp. Acquires Liberty Tax and LoanMe to Form NextPoint Financial

February 22, 2021

Financial Services

NextPoint Acquisition Corp. (a publicly traded SPAC) agreed to acquire Liberty Tax from Franchise Group, Inc. and LoanMe in a combined transaction that will form NextPoint Financial Inc. The deal values Liberty Tax at approximately US$252 million and LoanMe at approximately US$102 million and is intended to create a one-stop financial-services platform to serve credit‑challenged consumers and small businesses through cross-selling and expanded product offerings.

LP First Capital Acquires Northpoint Asset Management

January 29, 2024

Real Estate

LP First Capital, with financing partners Genesis Park and Samson Capital Group, has acquired Northpoint Asset Management, a top-10 national single-family rental property manager. Northpoint, founded in 2006 and headquartered in Salt Lake City, UT, manages over 8,100 homes across more than 22 states and will serve as LP First Capital's platform for growth and add-on acquisitions in the fragmented property management sector.

Fort Point Capital Acquires NewBold Corporation

August 13, 2024

IT Services

Fort Point Capital, a Boston-based private equity firm, has acquired NewBold Corporation, a Greenville, South Carolina-based provider of managed technology services for POS, AIDC and payment devices. Brookside Capital Partners provided subordinated debt and an equity co-invest to support the transaction, while Old Second National Bank and Brookside Mezzanine provided debt financing; terms were not disclosed.

Meridian Capital Group and Barings Form JV to Acquire Barings Multifamily Capital

January 27, 2021

Financial Services

Meridian Capital Group and Barings have formed a joint venture to acquire the assets and liabilities of Barings Multifamily Capital (BMC) and create a standalone agency lending platform led by David Brickman. Meridian will hold majority control of the new platform, and Stone Point Capital has entered a strategic partnership with Meridian to support the firm's growth; the deal is subject to regulatory approvals.

Francisco Partners to Acquire Forcepoint from Raytheon Technologies

October 26, 2020

Cybersecurity

Francisco Partners has signed a definitive agreement to acquire Forcepoint from Raytheon Technologies in a carve-out transaction. The private equity firm said it will partner with Forcepoint management to invest in the company's cloud-native security portfolio and operate Forcepoint as an independent company; the deal is financed in part by debt from Credit Suisse and remains subject to regulatory review.