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Transactions / N•• E••••• I•••••••••

G••••• I•••••••• H••••••• Secures Majority Interest from Harvest Partners with N•• E••••• I••••••••• from O•• H••• C•••••• a•• T•• C•••••• G••••

Exit to a strategic buyerannouncedannounced Dec 11, 2020Fact
What happened
Platform
not an add-on on record
Control
unknown
Share acquired
unknown
Industry
financial_services / insurance
Target location
unknown
Seller kind
Sponsor
Rollover
unknown
Values, only where disclosed
Enterprise value
Not disclosed
Purchase price
Not disclosed
Equity value
Not disclosed
Target revenue
Not disclosed
Target EBITDA
Not disclosed
Multiple
Not disclosed
Parties and roles
11 named
Buy side
  • G••••• I•••••••• H••••••• Secures Majority Interest from Harvest Partners with N•• E••••• I••••••••• from O•• H••• C•••••• a•• T•• C•••••• G••••
  • Steve P•••••••••, Managing Partner of Oak H••• said, “Since our original 2017 investment in EPIC, J••• H••• and his top-tier team have more than tripled the business, significantly expanding that company’s unique platform and successfully joining it with JenCap to create G••••• in June of this year.
Sell side
Advisory side
  • Evercore Group LLC, G•••••• S•••• & Co LLC and M••••• S•••••• & Co LLC served as financial advisors to G•••••, Weil, G•••••• • M••••• L•• served as legal counsel to Oak H••• and G•••••.
  • M••••• S•••••• • C•• L••Buy-side adviserconfirmed
    Evercore Group LLC, G•••••• S•••• & Co LLC and M••••• S•••••• & Co LLC served as financial advisors to G•••••, Weil, G•••••• • M••••• L•• served as legal counsel to Oak H••• and G•••••.
  • G••• L••Legal adviserconfirmed
    R•••• and G••• L•• served as legal counsel to Harvest.
  • G•••••• • M••••• L••Legal adviserconfirmed
    Evercore Group LLC, G•••••• S•••• & Co LLC and M••••• S•••••• & Co LLC served as financial advisors to G•••••, Weil, G•••••• • M••••• L•• served as legal counsel to Oak H••• and G•••••.
  • R•••• • K•••Legal adviserconfirmed
    Wachtell, Lipton, R•••• • K••• served as legal counsel to C••••••.
  • R••••Legal adviserconfirmed
    R•••• and G••• L•• served as legal counsel to Harvest.
Side not stated
  • J••• H•••Managementconfirmed
    J••• H•••, co-founder and Chairman of G•••••, said, “We are thrilled with the outcome and are excited to welcome Harvest on as partners.
  • G••••• I•••••••• H••••••• Secures Majority Interest from Harvest Partners with N•• E••••• I••••••••• from O•• H••• C•••••• a•• T•• C•••••• G••••
Evidence
G••••• I•••••••• H••••••• Secures Majority Interest from Harvest Partners with N•• E••••• I••••••••• from O•• H••• C•••••• a•• T•• C•••••• G••••
G••••• I•••••••• H••••••• Secures Majority Interest from Harvest Partners with N•• E••••• | Private Equity Intelligence | DFX