Solomon Partners

MediaRadar Acquires Kantar Group’s Vivvix to Offer a Comprehensive View of the Advertising Industry

Retrieved on:

Thursday, November 2, 2023

Intelligence, Social media, Investment banking, Barclays, Acquisition, Radio, Transaction, Weil, Gotshal & Manges, Advertising, Growth, Database, Solomon Partners, AI, Simpson Thacher & Bartlett, Mobile phone, Sales, Financial adviser, Kantar

This transformative deal positions MediaRadar as the definitive source of advertising data and insights, serving the entire industry ecosystem from media owners to agencies and brands.

Key Points:

This transformative deal positions MediaRadar as the definitive source of advertising data and insights, serving the entire industry ecosystem from media owners to agencies and brands.
“By combining Vivvix and MediaRadar, we offer a complete view of the entire advertising industry,” said Todd Krizelman, CEO and co-founder of MediaRadar.
Unified as one platform, MediaRadar will deliver the most comprehensive near real-time advertising intelligence available.
Weil, Gotshal & Manges served as legal advisor and Barclays Bank PLC, acting through its Investment Bank (“Barclays”) served as financial advisor to Kantar.

Thompson Street Capital Partners and Endicott Capital Portfolio Company MediaRadar Acquires Kantar Group’s Vivvix

Retrieved on:

Monday, November 6, 2023

Thompson Street Capital Partners (TSCP), a private equity firm based in St. Louis, and Endicott Capital (Endicott), an investment fund focused exclusively on the information services sector, today announced the acquisition of Vivvix by MediaRadar, a portfolio company of TSCP and Endicott.

Key Points:

Thompson Street Capital Partners (TSCP), a private equity firm based in St. Louis, and Endicott Capital (Endicott), an investment fund focused exclusively on the information services sector, today announced the acquisition of Vivvix by MediaRadar, a portfolio company of TSCP and Endicott.
The addition of Vivvix, the Advertising Intelligence unit of the Kantar Group, positions MediaRadar as a definitive source of advertising data and insights, serving the entire media ecosystem from media owners to agencies and brands.
View the full release here: https://www.businesswire.com/news/home/20231106599986/en/
“By combining Vivvix and MediaRadar, we offer a complete view of the entire advertising industry,” said Todd Krizelman, CEO and co-founder of MediaRadar.
Simpson Thacher & Bartlett served as legal advisor and Solomon Partners served as financial advisor to MediaRadar.

Wilshire to Acquire Lyxor Asset Management Inc., a Leading Alternative Investment Provider, from Amundi

Retrieved on:

Tuesday, October 31, 2023

Asset Management, Professional Services, Finance, Risk, Clifford Chance, ETF, PJT Partners, Acquisition, Research, Kirkland & Ellis, Multimedia, CalSTRS, Partnership, Solomon Partners, Financial services, Amundi, Société Générale, European

Wilshire, a leading global financial services firm, has entered into a definitive agreement to acquire Lyxor Asset Management Inc. (“Lyxor U.S.”), a U.S.-based investment advisor with $20.8 billion in assets under management1, from Amundi, the largest European asset manager.

Key Points:

Wilshire, a leading global financial services firm, has entered into a definitive agreement to acquire Lyxor Asset Management Inc. (“Lyxor U.S.”), a U.S.-based investment advisor with $20.8 billion in assets under management1, from Amundi, the largest European asset manager.
Through this transaction, Wilshire will become a leading provider of hedge fund managed accounts and enhance its alternative investment offering.
Lyxor U.S. was previously the U.S. subsidiary of Lyxor, the major European ETF and liquid alternatives provider acquired by Amundi in 2021.
Wilshire was advised by Solomon Partners and Kirkland & Ellis LLP, and Amundi was advised by PJT Partners and Clifford Chance LLP.

Havencrest Announces Acquisition of Focus Staff Services

Retrieved on:

Thursday, November 2, 2023

Former, Principal, Workforce, Acquisition, Sheppard, Mullin, Richter & Hampton, COVID-19, Partnership, Partner, The Company, Solomon Partners, Retail, Hospital, Focus

DALLAS, Nov. 2, 2023 /PRNewswire/ -- Havencrest Capital Management ("Havencrest"), a Dallas-based healthcare private equity firm, is pleased to announce its acquisition of Focus Staff Services ("Focus" or the "Company"), a leading provider of temporary workforce solutions in the healthcare marketplace.

Key Points:

DALLAS, Nov. 2, 2023 /PRNewswire/ -- Havencrest Capital Management ("Havencrest"), a Dallas-based healthcare private equity firm, is pleased to announce its acquisition of Focus Staff Services ("Focus" or the "Company"), a leading provider of temporary workforce solutions in the healthcare marketplace.
Founded in 2009 and based in Dallas, Texas, Focus provides both nurse and allied staffing services, across all 50 states, to many of the country's leading integrated delivery networks, acute care hospitals and other healthcare facilities.
"Workforce solutions are an increasingly important part of care delivery across the healthcare spectrum," said Jett Aubrey, Principal of Havencrest.
The Belay Group served as financial advisor to Focus, and Solomon Partners served as financial advisor to Havencrest.

OUTFRONT Media to Divest its Canadian Business to Bell Media

Retrieved on:

Monday, October 23, 2023

Astral, Male, Sport, Sale, NYSE, Outfront Media, BCE, Senior, LLP, Bell Media, Cravath, Swaine & Moore, Solomon Partners, TSX, OUTFRONT, Blake, Cassels & Graydon

NEW YORK and TORONTO, Oct. 23, 2023 /PRNewswire/ -- OUTFRONT Media Inc. (NYSE: OUT) and Bell Media announced today that they have entered into an agreement to sell the Canadian business of OUTFRONT Media to Bell Media, a wholly-owned subsidiary of BCE (TSX, NYSE: BCE).

Key Points:

NEW YORK and TORONTO, Oct. 23, 2023 /PRNewswire/ -- OUTFRONT Media Inc. (NYSE: OUT) and Bell Media announced today that they have entered into an agreement to sell the Canadian business of OUTFRONT Media to Bell Media, a wholly-owned subsidiary of BCE (TSX, NYSE: BCE).
As of December 31, 2022, OUTFRONT Media's Canadian business operated 9,325 total displays in the country and generated revenues of U.S. $91.9 million during that year.
While we will miss our Canadian colleagues, we know the business we have built together will be in excellent hands with Bell Media."
National Bank Financial Inc. is acting as financial advisor to Bell Media and Blake, Cassels & Graydon LLP is acting as legal advisor.

Solomon Partners Appoints Mark Bulanda as a Senior Advisor in Industrials Sector

Retrieved on:

Monday, October 16, 2023

MBA, Stephenson Disaster Management Institute, Kellogg School, Kettering University, SVKM's NMIMS, Engineering, Mechanical, Safety, Bloomberg Industry Group, Northwestern University, APM Automation Solutions, Senior advisor, Office of the Chief Executive (building), Mechanical engineering, Solomon Partners, Executive, Emerson, Management

NEW YORK and CHICAGO, Oct. 16, 2023 (GLOBE NEWSWIRE) -- Solomon Partners , a leading financial advisory firm, has appointed Mark Bulanda as a Senior Advisor in the Industrials Group.

Key Points:

NEW YORK and CHICAGO, Oct. 16, 2023 (GLOBE NEWSWIRE) -- Solomon Partners , a leading financial advisory firm, has appointed Mark Bulanda as a Senior Advisor in the Industrials Group.
With a career spanning 37 years at Emerson, Mr. Bulanda brings a wealth of experience and a track record of success in the industrial automation sector.
“I had the good fortune of working with Mark as an Advisor to Emerson during his time leading the company’s corporate development and strategy team.
“I look forward to leveraging my industry knowledge, strategic insights, and passion for innovation to help Solomon Partners provide strategic solutions to clients in the industrials sector,” Mr. Bulanda said.

Tech24 Announces Joint Investment from Vestar Capital Partners and HCI Equity Partners

Retrieved on:

Thursday, October 5, 2023

HCI Equity Partners, Partnership, School, Acquisition, Restaurant, Cooking, HCI, HVAC, Growth, Maintenance, Kirkland & Ellis, University, Solomon Partners, Quarles & Brady, TD, Financial services, Vestar Capital Partners

GREENVILLE, S.C., Oct. 5, 2023 /PRNewswire/ -- Tech24 (or "the Company"), a national leader in commercial foodservice equipment repair and maintenance, announced today that Vestar Capital Partners ("Vestar") has joined as a new investor alongside existing shareholders HCI Equity Partners ("HCI") and the Company's management team.

Key Points:

GREENVILLE, S.C., Oct. 5, 2023 /PRNewswire/ -- Tech24 (or "the Company"), a national leader in commercial foodservice equipment repair and maintenance, announced today that Vestar Capital Partners ("Vestar") has joined as a new investor alongside existing shareholders HCI Equity Partners ("HCI") and the Company's management team.
The new investment will support Tech24's continued organic and acquisitive growth in new and existing geographies and end markets.
"We are proud of the transformational growth and the foundation the Tech24 team has built over the last three years," said Doug McCormick, Managing Partner at HCI Equity Partners.
Solomon Partners served as financial advisor and Quarles & Brady LLP served as the legal advisor to Tech24 and HCI.

Solomon Partners to Expand Healthcare Group with Hiring of Karan Garg (KG) and Brad Hildebrand

Retrieved on:

Monday, October 2, 2023

Avista Capital Partners, Health care, Houlihan, Solomon Partners, Houlihan Lokey, Acıbadem Healthcare Group, Practice management, Brad, GI, Anesthesiology, Dentistry, Pharmaceutical industry, Nursing

NEW YORK and CHICAGO, Oct. 02, 2023 (GLOBE NEWSWIRE) -- Solomon Partners , a leading financial advisory firm, announced that it has appointed Karan Garg (KG) as Head of Healthcare Services in the firm’s Healthcare Group and has also hired Brad Hildebrand as a Managing Director focused on Healthcare Services.

Key Points:

NEW YORK and CHICAGO, Oct. 02, 2023 (GLOBE NEWSWIRE) -- Solomon Partners , a leading financial advisory firm, announced that it has appointed Karan Garg (KG) as Head of Healthcare Services in the firm’s Healthcare Group and has also hired Brad Hildebrand as a Managing Director focused on Healthcare Services.
Mr. Hildebrand also has deep experience advising clients in multisite retail healthcare and physician practice management among a variety of other subsectors within healthcare services.
Prior to joining Solomon Partners, Mr. Garg was a Managing Director and a senior member in Houlihan Lokey’s Healthcare group where he spent over 15 years expanding the firm’s healthcare services practice.
Mr. Hildebrand also worked at Houlihan Lokey in the Healthcare Group, and he joins Solomon from Bridgeway Capital Partners where he led the firm’s efforts in the Healthcare Services vertical.

Consortium Brand Partners Acquires a Majority Ownership Stake in Reese Witherspoon’s Draper James®

Retrieved on:

Thursday, September 7, 2023

Consortium Brand Partners (“CBP”), a consumer-focused investment manager, has acquired a majority ownership stake in Draper James , the fashion and lifestyle brand founded by actress, producer and entrepreneur Reese Witherspoon.

Key Points:

Consortium Brand Partners (“CBP”), a consumer-focused investment manager, has acquired a majority ownership stake in Draper James , the fashion and lifestyle brand founded by actress, producer and entrepreneur Reese Witherspoon.
"We are thrilled to partner with Reese and the entire Draper James team," said Cory M. Baker, Managing Partner of Consortium Brand Partners.
"Draper James is a beloved American brand with a thoughtful aesthetic that has resonated with women across the country.
Consortium Brand Partners received advisory services from Winston & Strawn, LLP, while Draper James was advised by Solomon Partners and ArentFox Schiff, LLP throughout the course of the transaction.

System1 Confirms Receipt of Indication of Interest for Total Security From Just Develop It

Retrieved on:

Wednesday, September 6, 2023

Marketing, Data Management, Advertising, Communications, Technology, Software, Security, SST, Solomon Partners, Total, Acquisition, Just, NYSE, Total Security, Weil, Gotshal & Manges, Person, Bank, Audit

System1, Inc. (NYSE: SST) (“System1” or the “Company”), an omnichannel customer acquisition marketing platform, announced today that it is in receipt of a non-binding indication of interest from Just Develop It Limited (“Just Develop It”) regarding the possible acquisition of Total Security Limited (“Total Security”).

Key Points:

System1, Inc. (NYSE: SST) (“System1” or the “Company”), an omnichannel customer acquisition marketing platform, announced today that it is in receipt of a non-binding indication of interest from Just Develop It Limited (“Just Develop It”) regarding the possible acquisition of Total Security Limited (“Total Security”).
The offer consists of $240 million in cash, the assumption of certain potential earnout payments in respect of Total Security and the delivery of approximately 29 million System1 shares held by Just Develop It and related persons.
A special committee of the System1 board of directors has been formed that will evaluate among other things, this non-binding indication of interest.
The special committee, together with its advisors, Solomon Partners and Weil, Gotshal & Manges LLP, are evaluating the offer and considering alternatives.