Clayton, Dubilier & Rice’s Post

Shamrock Capital, a private equity firm, agreed to acquire a minority stake in Nth Degree, an event management firm. Financial terms were not disclosed. "We believe Nth Degree's comprehensive suite of solutions position us for substantial growth in the multi-billion dollar market for in-person events. Joining forces with Shamrock further enables our customer-centric team to build on existing momentum to scale our operations, expand our offerings, and continue to push the boundaries of what's possible in the event industry," John Hense, Nth Degree CEO. Nth Degree (led by John Hense) is advised by J.P. Morgan and DLA Piper. Shamrock Capital (led by Andrew Howard) is advised by Stephens, Willkie Farr & Gallagher LLP (led by Joseph F. Kaczorowski and Ramon LaSoya) and Prosek Partners (led by Mickey Mandelbaum). Link to the article in the comments. #MergersAcquisitionsDivestitures #PrivateEquity #Management

When it comes to the middle market outlook, this year mirrors last year, but opportunities still exist for those willing to get creative with deal structuring, says Nick Stewart, Partner of the Investment Fund Group at Duane Morris LLP. What does he think the future holds for middle markets? Nick suggests they are watching for potential shifts if there’s a reduction in interest rates. Sellers are eager to enter the market, and buyers have significant capital to invest—$1 trillion domestically and $2.5 trillion globally. Additionally, with trillions set to transfer over the next two decades and only 40% of private businesses having succession plans, there’s a huge opportunity for strategic relationships and investments. Nick also discussed the impact of the next generation on private equity and succession planning, highlighting the importance of long-term, patient relationships in navigating these changes - from the sidelines of our 12th Private Equity Forum in NYC. #MarketsGroupPE Paloma Lima-Mayland April Galletly Stackhouse Meghan Hazen, DES Becky Christmas Roberta Dalla Nawshad Noorkhan Francine Didziakas Cabanas Kendra Nicholls, MSc Talita Quirino Doina Roibu Matthew Sowinski Victoria Cepeda James Garnett Ana Sousa Courtney McQuade Beatriz Salsinha John Paul Zajas Karly Congero Harriet Oakley Camille Cross Natasha Guzman Paul Hamann Andres Ortiz Patrick Egan William Lim

✉️ Big changes are coming to the financial advisory world! Josef Najar, the leader of a $3.6 billion AUM team at Morgan Stanley, is making a significant move to Rockefeller. 🌟🎉 Starting his transition after a 90-day garden leave, Najar is shifting to Rockefeller Global Family Office, aiming to elevate service for his ultra-high net worth clients. 🚀 Joining him are advisor Brian Malloy and client associates Katherine P. Hudson and Stephen P. Schwab. Rockefeller, backed by Viking Global Investors, has been on an aggressive recruiting spree, now managing around $133 billion in assets. 📊 Providing top-tier service and utilizing a strategic approach is essential for retaining high-net-worth clients. How do other firms stack up when advisors focus on client-first service? 💬 Are you seeing similar transitions in your network? What are the biggest challenges when moving to a new firm?  #AdvisorMoves  #WealthManagement  #FinancialAdvisors  #ClientService  #MorganStanley  #Rockefeller  #HighNetWorth  #AssetManagement  #FinancialPlanning 📈💼

Altas Partners, a North American private equity firm, agreed to invest $1bn in The Carlyle Group and Stone Point Capital-backed Sedgwick, a claims management, loss adjusting and technology-enabled business solutions provider. "This new partnership with Altas, and our current stakeholders, brings together a strategic vision that builds our global footprint, expands comprehensive service capabilities and enhances our business for decades to come. Altas has a history of actively supporting companies in its portfolio, and they are very knowledgeable in the challenges our clients face in today's competitive business environment. We look forward to leveraging their expertise as informed and engaged strategic allies as we continue to lead the industry in innovation and enable clients to thrive by helping them navigate the unexpected," Mike Arbour, Sedgwick CEO. Altas Partners (led by Paul Emery) is advised by Barclays, J.P. Morgan and Kirkland & Ellis. Sedgwick (led by Michael Arbour) is advised by Bank of America, Morgan Stanley and Latham & Watkins. Stone Point Capital (led by James Carey) is advised by Simpson Thacher & Bartlett LLP (led by Elizabeth Cooper and Mark Viera). Link to the article in the comments. #MergersAcquisitionsDivestitures #PrivateEquity #Technology

In the past two months, we've seen a flurry of activity in the wealth management sector as several high-profile advisors have transitioned to new firms. Here are some notable moves ⤵ 𝟭. 𝗥𝗼𝗰𝗸𝗲𝗳𝗲𝗹𝗹𝗲𝗿 𝗖𝗮𝗽𝗶𝘁𝗮𝗹 𝗠𝗮𝗻𝗮𝗴𝗲𝗺𝗲𝗻𝘁'𝘀 𝗕𝗶𝗴 𝗪𝗶𝗻 𝗶𝗻 𝗦𝗮𝗻 𝗙𝗿𝗮𝗻𝗰𝗶𝘀𝗰𝗼 Zak Ammirato: Former UBS advisor generating $3MM in annual revenue has joined Rockefeller Capital Management in San Francisco. Zak managed $500MM in client assets and ranked #51 on Forbes’ best-in-state wealth advisors list this year. 𝟮. 𝗘𝗱𝘄𝗮𝗿𝗱 𝗝𝗼𝗻𝗲𝘀 𝗕𝗿𝗲𝗮𝗸𝗮𝘄𝗮𝘆 𝗔𝗱𝘃𝗶𝘀𝗼𝗿𝘀 𝗧𝗲𝗮𝗺 𝗨𝗽 𝗶𝗻 𝗠𝗶𝗰𝗵𝗶𝗴𝗮𝗻 Chris Kramer and Alan Gieleghem, CFP®: These two Edward Jones advisors, producing $1.5MM in annual revenue and managing $322MM in client assets, have joined Kingsview Partners in Rochester Hills, Michigan. They were motivated by the RIA model and the ability to access broader product offerings and execute block trades for their clients. 𝟯. 𝗥𝗼𝗰𝗸𝗲𝗳𝗲𝗹𝗹𝗲𝗿 𝗡𝗮𝗯𝘀 𝗔𝗻𝗼𝘁𝗵𝗲𝗿 𝗘𝘅-𝗙𝗶𝗿𝘀𝘁 𝗥𝗲𝗽𝘂𝗯𝗹𝗶𝗰 𝗕𝗿𝗼𝗸𝗲𝗿 Jeff Titus: Formerly managing $500MM in client assets at J.P. Morgan, Titus has joined Rockefeller in Boston. This move is part of a broader trend of First Republic brokers transitioning to new firms post-JPMorgan acquisition. 𝟰. 𝗨𝗕𝗦 𝗥𝗲𝗰𝗿𝘂𝗶𝘁𝘀 𝗧𝗼𝗽 𝗣𝗿𝗼𝗱𝘂𝗰𝗲𝗿 𝗳𝗿𝗼𝗺 𝗠𝗲𝗿𝗿𝗶𝗹𝗹 𝗟𝘆𝗻𝗰𝗵 𝗶𝗻 𝗖𝗮𝗹𝗶𝗳𝗼𝗿𝗻𝗶𝗮 Josh Cummins, CFA: Cummins, who produced $3.7MM in annual revenue and managed $1.1BB in client assets, has rejoined UBS in Westlake, California. His move reflects UBS's aggressive recruitment strategy and the appeal of their revamped bonus structure. These significant moves highlight the ongoing dynamism in the wealth management industry as top advisors seek platforms that best support their business growth and client needs, as well as aggressive recruiting from large wires. Stay tuned for more updates on industry shifts and trends. Winthrop & Co. 💡 #AdvisorTransitions #MerrillLynch #JPMorgan #EdwardJones #Wirehouse

Congratulations to Martin Sarafa and Guy Zaczepinski, Managing Partners at Century Park Capital Partners, for being selected to the 2024 list of Leaders of Influence: Private Equity, Investors & Advisors. For this issue, the Los Angeles Business Journal reviewed the careers of many of the most notable private equity related professionals in the region. To read more, please visit: https://lnkd.in/gkxpfZwE #privateequity #mergersandacquisitions #investmentbanking

My mind is still replaying the highlight reels of this magical night among the who's who in the wealth management industry. I'm convinced our industry is in great hands, and its future is brighter than ever. Here's a few reflections from a few of my industry colleagues and I that recaps the essence of this spectacular night. #INA2024 #IntegriVestWealthAdvisors

Our clients at Summit Leadership Partners give us great insights into potential upcoming deals; we’ve been seeing an uptick in management team due diligence inbound requests from private equity sponsors. We recently spoke with The Wall Street Journal on deals starting to bounce back during the typically slow months of the summer. Read the full article here: https://lnkd.in/g4g3YKRq #SummitLeadershipPartners #PrivateEquity #Dealmaking

On Wednesday, November 6, 2024, we hosted 30 Chief Executive Officers, Managing Directors of private equity firms, Operating Partners and Board Members for a roundtable dinner at Cherry Hills Country Club. The conversation was led by executives at WhiteHorse Capital and we discussed trends in private equity, portfolio company valuations, predicted interest rates on the two and ten year loan, and how new debt facilities (i.e. LME Technology) are affecting company’s capital structures. #CEO #PrivateEquity #AssetManagement #AJI 

🌟 Transaction Advisory announcement from Black Lite Consulting! 🌟 We are proud to announce our role as the trusted Specialist B-BBEE Advisor to a groundbreaking transaction that will reshape the future of Coronation Fund Managers. This major B-BBEE transaction is set to propel the company to a remarkable 51% black ownership, marking a significant step toward true transformation in South Africa’s corporate landscape. Through the establishment of an Employee Share Ownership Plan (ESOP) and a Broad-Based Ownership Scheme (BBOS) Trust, this deal ensures the participation of both employees and broader stakeholders in the company's journey to sustainable growth and inclusivity. At black lite group, we are honored to have been the trusted B-BBEE advisor guiding Coronation Fund Managers through this pivotal moment, taking Black ownership beyond compliance into a strategic fabric of the organisation. We remain committed to driving empowerment and change across the sectors we serve.  Stay tuned for more details on this groundbreaking and transformative transaction! #BBBEE #BlackOwnership #Empowerment #Transformation #BlackLiteConsulting #TrustedAdvisor #ESOP #BBOSTrust