Finance and business services private equity specialist Lovell Minnick has tied up a deal for a majority stake in corporate, PE and VC tech-enabled services software company SRS Acquiom.
The company’s software aims to provide an integrated platform of professional services, tech solutions and data to enable firms to navigate the complex M&A deal execution process more efficiently.
Its services include post-closing shareholder representation, payment agency, escrow administration, representation and warranty insurance brokerage, and pre-closing shareholder solicitation.
The company also says it holds an extensive database of private M&A data that provides insights to help dealmakers determine appropriate transaction terms.
SRS Acquiom says it has managed more than 2,200 deals, representing 205,000 shareholders, valued at over $340nn.
Lovell Minnick managing partner Steve Pierson said, “SRS Acquiom has a strong history of innovation and offers best-in-class solutions for managing and simplifying M&A processes throughout the transaction lifecycle.
“We look forward to supporting the Company in its continued growth, including the cultivation of next generation transaction support products, data analytics and new services.”
Lovell Minnick pulled in $750m for its most recent fundraise in 2015, and has gathered a total of $2.7bn of committed capital since it was founded in 1999.
In January the firm co-founders passed on the baton of day-to-day management of the business after 20 years at its helm.
The firm appointed Pierson and Robert Belke to managing partners to oversee the finance, operations, investor relations and its long-term growth.
Copyright © 2018 AltAssets