Lovell Minnick Partners has closed a single-asset continuation vehicle for SRS Acquiom, providing fresh capital and an extended ownership runway to support the transaction-services provider’s next phase of growth. The deal, led by Carlyle AlpInvest, allows Lovell Minnick to continue its partnership with SRS Acquiom after initially making a majority investment in 2018, while also bringing in new and existing investors and management as shareholders alongside the two firms.
SRS Acquiom provides a tech-enabled platform and services that support complex M&A and private credit workflows, including payments administration and escrow agent services, online document solicitation and reporting, shareholder representation, virtual data rooms, and loan and credit administration services such as collateral and sub-agent work. Lovell Minnick said the company has expanded its capabilities and international footprint since 2018, driving revenue and profitability growth and adding jobs across the organization.
The continuation vehicle is intended to accelerate SRS Acquiom’s strategic agenda, including continued expansion across the U.K. and Europe, a sustained push on strategic acquisitions, and further investment in tech-enabled solutions in core markets. The structure keeps current and new investors, co-investors, and SRS Acquiom’s management team involved as ongoing shareholders as the company scales.
KEY QUOTES:
“This continuation fund underscores our strong conviction in SRS Acquiom as they further their position as a leader in the transaction services market… As we deepen our partnership with the SRS team, we look forward to providing additional resources to support the Company’s next phase of growth.”
Steven Pierson, Managing Partner, Lovell Minnick Partners
“SRS prioritizes bringing advanced technology and high-quality services to its clients, helping transform the future of how M&A transactions and private credit deals are managed… We look forward to continuing our work with the Company’s management team to accelerate growth and launch several new solutions for clients.”
Tom Hutchins, Principal, Lovell Minnick Partners
“SRS Acquiom has consistently demonstrated strong growth while establishing a differentiated market position… Lovell Minnick has built impressive scale with the business over the past decade, and we’re excited to invest alongside them to support SRS Acquiom’s continued momentum.”
Michael Hacker, Partner, Carlyle AlpInvest
“Lovell Minnick shares our vision to streamline the M&A and loan agency processes… This transaction provides additional capital to support strategic acquisitions across our business, complementing our organic growth strategies… [It] enables us to further invest in our people, technology, and services… while also supporting our expansion into international markets.”
Paul Koenig, CEO, SRS Acquiom
