Kline Hill Partners’ Post

"Financing the MOB Portfolio Closure of Cypress West and TPG Angelo Gordon" Read the full article below..

I am delighted to announce that at the end of October Dartington Wealth Management acquired Provisio which has offices in Cambridge and Letchworth. Our mission is to bring together the best of both firms to continue to serve professional advisers and private clients in Cambridgeshire and Hertfordshire. The combined business will ensure the high-quality financial planning and wealth management services that both firms have developed over many years will continue as part of a larger stronger business with access to cutting edge technology and the financial backing of our Swedish partners, Söderberg & Partners. The combined business manages approximately £500 million on behalf of over 900 private clients.

Another buyer of scale: Lexington Partners unveiling a dedicated strategy to #privateequity GP-led single-asset continuation fund deals of scale, to be led by Christophe Browne, who was at the ground floor of the rise in CVs as they were just starting to evolve into the focus on 'treasure assets' and gain wider adoption. Two big players hitting the market that is widely considered to be undercapitalized: Lex (which has a long history of backing GP-leds and completed several large single asset deals in recent years) and Leonard Green & Partners (LGP). Will be interesting to see how competition heats up: https://lnkd.in/eSiRQQK7

We are delighted to announce that at the end of October Dartington Wealth Management acquired Provisio which has offices in Cambridge and Letchworth. Our mission is to bring together the best of both firms to continue to serve professional advisers and private clients in Cambridgeshire and Hertfordshire. The combined business will ensure the high-quality financial planning and wealth management services that both firms have developed over many years will continue as part of a larger stronger business with access to cutting edge technology and the financial backing of our Swedish partners, Söderberg & Partners. The combined business manages approximately £500 million on behalf of over 900 private clients.

Bluerock entered into a definitive agreement for an investment in, and strategic partnership plans with The Townsend Group. Bluerock will make a minority interest investment in the acquisition of Townsend as part of an investor group led by The Riverside Company, which is acquiring Townsend from Aon. Bluerock The Townsend Group The Riverside Company Anthony Frammartino #Bluerock #TheTownsendGroup #partnership #realestate #innovation #privatewealthchannel #alternativeinvestments

With the average hold period at 7+ years for #privateequity, when will PE start calling itself quasi-permanent capital? Heard that zinger during a chat with a $3b #familyoffice last week. That FO has had a (very successful) PE-like team for some time, which is not all that common--not an easy thing to pull off. Got me thinking again about how compelling that combination (patient & permanent - the FO DNA, plus active & aggressive - the PE DNA) is in the #midmarket. It might just emerge as one of the relative winners of this trench warfare that's going on right now, with '000s of sources of capital chasing $5-25m EBITDA businesses. Those businesses have had plenty of chances to sell to PE or #independentsponsors (or their portcos) already. Their owners know the good and the bad of those time-bound buyers by now (by now, they know a few of their friends who have already sold to PE or IS). Same goes for corporates. Given that, the FO/PE hybrid checks a lot of the boxes of those owners who want to: - continue to build - be part of something bigger (but not corporate) - not to see their businesses change hands 3 times in the next decade I'd argue a good chunk of the owners who haven't transacted yet will welcome that combo. In turn, we'll see more FOs building their own PE-like teams. Ari Malliaros, Mo Lidsky, Adam Lucas, Dan Cremons, Spearhead Corp Dev, Cameron Vernest, Spencer Hart, Ed Stubbings, Jason Fenn  

Another AIM takeover | Director buying | Good value? Angling Direct #ANG Brickability #BRCK Cerillion #CER Gateley #GTLY IQGeo #IQG Renew Holdings #RNWH Yet another AIM company (and one of Investor's Champion Stonking Small Cap opportunities) is under offer from a large US private equity firm; when will shareholders start to push back? Elsewhere, other companies covered here might also be attracting buying interest given their strong sector presence or modest valuations. Read on here for Investor's Champion thoughts on the latest news.  https://lnkd.in/eTzptETv

# Only put off until tomorrow what you are willing to die having left undone ## Don't Miss Out on the Opportunity to Grow Your Health Savings Account with Shepherd Ave's IPO 💼🚀💰 Shepherd Ave Capital Acquisition Corporation has priced its initial public offering \(IPO\) at $10.00 per unit, raising a significant $75 million. This exciting development allows investors like you to participate in the growth potential of this healthcare-related venture. The trading of SPHA units will take place on Nasdaq, offering an avenue for potential returns on your investment. Embrace the chance to make a positive impact on your financial future while promoting the health and wellbeing of both yourself and your loved ones. Investing in opportunities like the Shepherd Ave IPO can be a smart strategy to grow your Health Savings Account \(HSA\) and secure a brighter future. Don't let the Fear of Missing Out hold you back from taking action now. Seize this moment to invest in the future of healthcare and ensure a solid foundation for your family's wellness. Start maximizing the potential of your HSA today! #hsa #investing #healthcare #health #family #wellness 🏥💸❤️

In recent years, the market for PE exits has been slow, marked by a significant decline in deal values. However, continuation funds offer GPs an alternative means to monetize assets while retaining control over key investments. The demand for secondary transactions, particularly GP-led deals, has risen substantially, even as the total volume of secondary market activities remains robust. Industry experts expect the volume of continuation fund transactions to grow significantly, forecasting a rise from USD 115 billion to USD 191 billion over five years. This growth comes amidst concerns about a supply-demand imbalance, with the availability of capital lagging behind the number of deals being launched. New entrants in the market and innovative deal structures are emerging to address the capital constraints, blending elements of traditional M&A with secondary transactions. This convergence is expected to continue evolving, with more PE firms entering the secondaries market and employing sophisticated strategies to manage their portfolios and maximize returns.

With the average age of advisors eclipsing 62 succession is the number one issue facing RIAs. My partner Jay Hummel along with tim kochis and Eric Hehman actually wrote the book on it - "Success and Succession". Wealth Advisor Growth Network has launched a succession incubator that maximizes sale proceeds for advisors. Many Advisors' plan is to simply sell directly to a PE powered Aggregator as the article below highlights. If you add two steps to the process, you can 2x your multiple. Don't be financial engineered. #RIA #Fiduciary #Wealthmanagement #Breakaway