Ready Capital to Acquire United Development Funding IV (UDF IV)

Victory Capital to Combine Amundi US into Its Platform; Amundi Takes 26.1% Stake

July 9, 2024

Financial Services

Victory Capital has reached a definitive agreement to combine Amundi's US business (formerly Pioneer Investments) into its platform in exchange for Amundi receiving a 26.1% economic stake in Victory Capital. The deal includes reciprocal 15-year distribution agreements, aims to broaden product offerings and global distribution, and is expected to deliver meaningful cost synergies and near-term EPS accretion.

Ready Capital Corporation to Merge with Broadmark Realty Capital

February 27, 2023

Financial Services

Ready Capital Corporation and Broadmark Realty Capital have entered into a definitive merger agreement under which Broadmark will merge with Ready Capital. Following the merger, Ready Capital is expected to operate as the combined company under the name “Ready Capital Corporation,” with Broadmark stockholders receiving Ready Capital shares and expected to own about 36% of the combined company.

CVC Capital Partners Invests in URUS Group

June 10, 2024

Agriculture

CVC Capital Partners (Fund IX) will take a minority stake in URUS Group to support and accelerate the company’s strategic growth plan. The investment — made alongside existing shareholders Pon Holdings and Cooperative Resources International (CRI) — will help URUS expand its genetics, reproduction and farm management data platform; the deal is expected to close in Q3 2024 and terms were not disclosed.

Ultimus Fund Solutions Acquires FD Fund Administration

December 16, 2021

Financial Services

Ultimus Fund Solutions acquired FD Fund Administration and will merge the FD team into its private fund business unit, Ultimus LeverPoint Private Fund Solutions. The transaction, backed by private equity firm GTCR and closed December 15, 2021, expands Ultimus' private fund administration scale, geographic footprint and capabilities across real estate, credit and infrastructure funds.

Ready Capital Acquires Mosaic Real Estate Credit Funds

March 23, 2022

Real Estate

Ready Capital has completed mergers to combine Mosaic Real Estate Credit Funds with its platform, creating a bicoastal real estate finance operation. Wedbush Securities served as sell-side advisor to Mosaic (MREC Management, LLC) to facilitate the transaction, which brings complementary commercial real estate origination and servicing capabilities together.

Bow River Capital Provides Acquisition Financing to Unifeye Vision Partners

September 26, 2023

Healthcare Services

Bow River Capital's Private Credit Team provided a senior acquisition credit facility to support Unifeye Vision Partners (UVP), a portfolio company of Waud Capital Partners. The financing will support UVP's add-on acquisition growth—helping expand its network of ophthalmology and optometry practices and ambulatory surgery centers, including entry into the Texas market and further West Coast expansion.