Some of functionality may not work while you disabled JavaScript. Enable JavaScript for better User Exprience. April 16, 2021

High Street Partners Insurance Brokerage Acquired By Boston Pe Firm

TRAVERSE CITY — A Boston private equity firm has acquired Traverse City-based High Street Insurance Partners Inc., an insurance brokerage platform company formed in 2018 that has since acquired two-dozen agencies across the U.S. TRAVERSE CITY — A Boston private equity firm has acquired Traverse City-based High Street Insurance Partners Inc., an insurance brokerage platform company formed in 2018 that has since acquired two-dozen agencies across the U.S. Abry Partners LLC, which manages $5 billion in capital across its active funds, today announced the High Street Partners acquisition from Huron Capital Partners LLC. Terms of the deal were undisclosed.
Read by 55% of LPs 17 hours, 31 minutes ago

Top Finance News Week Of April 12: Merrill Trainees, Banker Vacations, Carlyle Power Players

Top finance news: JPMorgan poaches Marcus exec, Morgan Stanley reveals Archegos hit, Carlyle power players, and Houlihan Lokey vacations. : Happy Saturday, and welcome to Insider Finance. Here's a rundown of the must-know stories from the past week: If this email was forwarded to you, sign up here to get your daily dose of the stories dominating banking, business, and big deals. Houlihan Lokey is sending its corporate-finance bankers on all-expenses-paid vacations. It's the latest Wall Street firm to hike pay as workers battle burnout after a grueling year of working from home. Here's more on the internal announcement.
Read by 40% of LPs 19 hours, 1 minute ago

This Week In Wealth Management Deals

According to a recent Fidelity report, there were just over $90 billion in RIA deals across 46 transactions, and $65 billion of money in motion across five IBD transactions in the first quarter of the year. Will the trend continue? While last week was a lull, April's second full week saw Wealth Advisor Growth Network, a practice management provider for breakaways, invest in its second firm; a $1.7 billion lift out named Naviter Wealth from regional broker/dealer Stephens. Recently launched Journey Strategic Wealth tucked in its first advisor team, recruited from Northwestern Mutual and led by Kristin Bartlow who brings $180 million in client assets.
Read by 66% of LPs April 16, 2021

Robbins Geller Rudman & Dowd Llp Files Class Action Suit Against Credit Suisse Group Ag

The suit alleges defendants issued false statements re: Credit Suisse business and prospects, resulting in its stock trading at inflated prices.
Read by 37% of LPs April 16, 2021

Roebling Capital Partners Seals Deal To Acquire Teron Lighting, Inc. | The River City News

Roebling Capital Partners ("RCP" or "Roebling"), a Cincinnati area lower middle market private equity investment firm, has agreed to acquire Teron Lighting, Inc. LLC ("TLI" or "the Company"). The deal comes just two months after RCP announced the final closing of its debut private equity fund, Roebling Capital Partners Fund ("the Fund"). Founded in 1980, TLI is a manufacturer and distributor of commercial lighting fixtures. TLI has a broad network of 80+ agents that serve the healthcare, assisted living, educational, government, hospitality, multi-family housing, and commercial channels.
Read by 59% of LPs April 16, 2021

Veteran Goldman Sachs Comms Chief Jake Siewert Moves To Warburg Pincus

He'll reunite with ex-boss and former Treasury Secretary Timothy Geithner, now Warburg's president. : NEW YORK: Jake Siewert is leaving Goldman Sachs to join New York-based private equity firm Warburg Pincus. The Clinton and Obama administration alum is rejoining former boss Timothy Geithner, who joined Warburg Pincus as president in 2014, at the firm. Siewert worked at Goldman for more than nine years as its top communications executive. From 2009 to 2011, he was counselor to Geithner, then Treasury secretary. Previously in the public sector, Siewert was President Bill Clinton's press secretary.
Read by 71% of LPs April 16, 2021

Goldman Sachs' Corporate Communications Chief Headed To Warburg Pincus

Summary List PlacementJake Siewert, Goldman Sachs' global head of corporate communications and the chief architect of the bank's efforts to rehabilitate its image in the years following the financial crisis, is retiring from the firm, Goldman's top leaders announced Friday. "Jake has served Goldman Sachs with distinction for more than nine years, working closely with senior leaders across our organization to reshape and enhance the firm's reputation in the wake of the global financial crisis," Goldman's CEO David Solomon, President John Waldron, CFO Stephen Scherr, and executive vice president and Corporate Secretary John F.W.
Read by 78% of LPs April 16, 2021

Paulson Protege Who Scaled Kilimanjaro Builds $1B Fund

A former Paulson & Co. partner has transformed a small investment vehicle he inherited from his old firm into a private equity fund with almost $1 billion of assets. When Andrew Klaber's Bedford Ridge Capital took control of Paulson Investment Co. I in October, the fund had just $169 million. Today, its capital and commitments exceed $900 million, according to a regulatory filing. Combined with several other co-investment vehicles acquired from Paulson, as well as money it raised for a pair of new growth equity funds, Bedford Ridge's assets under management totaled almost $1.3 billion at the end of March.
Read by 76% of LPs April 16, 2021

Companies Recovering From Covid-induced Distress Offer Promise

The amount of distressed debt has dropped precipitously, from $1 TN last March to under $100 BN today. However, there are numerous other attractive opportunities for investors in distressed companies before, during, and even after bankruptcy.
Read by 39% of LPs April 16, 2021

Abry Partners Announces Acquisition Of High Street Insurance Partners From Huron Capital

BOSTON, April 16, 2021 /PRNewswire/ -- Abry Partners ("Abry"), a leading Boston-based private equity firm, announced today the acquisition of High Street Insurance Partners (HSIP), a full-service insurance brokerage, from Huron Capital ("Huron"), a leading lower middle-market private...
Read by 76% of LPs