June 27, 2019
Portico Capital is pleased to announce that it served as the exclusive financial adviser to Auriemma Roundtables on the sale of a controlling interest to CNL Strategic Capital, a fund managed by LLCP. “It was a pleasure working with the Auriemma team,” said Casey Hofmeister, Managing Director at Portico Capital. “This recapitalization will help accelerate Roundtables' growth strategy to enhance the Company's benchmarking, data, and analytics capabilities as well as expand into new market vertical segments. ”
A more detailed description of the transaction is included with the Company’s press release below:
CNL Strategic Capital Enters into Agreement to Acquire Third Portfolio Company
CNL Strategic Capital, LLC has entered into a purchase agreement to acquire a controlling interest in the U.S. Roundtables business of Auriemma Consulting Group, Inc., a subscription-based information services and data analytics company for the consumer finance industry.
Founded in 1984, the Auriemma Group provides data analytics, benchmarking, and information and advisory solutions to the consumer finance industry. The business serves companies in the credit card, automotive finance, retail banking, wealth management and fintech segments. It provides valuable industry insights and data on niche topic areas using a “give-to-get” model. Member companies rely on this intelligence to manage their operations and view participation as business-critical.
The sale is anticipated to close during the third quarter of 2019, and is subject to customary closing conditions.
Portico Capital served as exclusive financial advisor to Auriemma Roundtables with respect to this transaction.
About CNL Strategic Capital
CNL Strategic Capital is a publicly registered, non-traded limited liability company that seeks to provide current income and long-term appreciation to individuals by acquiring controlling equity stakes in combination with loan positions in durable and growing middle-market businesses. The company is externally managed by CNL Strategic Capital Management, LLC and Levine Leichtman Strategic Capital, LLC. For additional information, please visit cnlstrategiccapital.com.
About CNL Financial Group
CNL Financial Group (CNL) is a private investment management firm providing real estate and alternative investments. Since inception in 1973, CNL and/or its affiliates have formed or acquired companies with more than $34 billion in assets. CNL is headquartered in Orlando, Florida. For additional information, please visit cnl.com.
About Levine Leichtman Capital Partners
Levine Leichtman Capital Partners (LLCP) is a Los Angeles, California based private investment firm that has managed approximately $10.2 billion of institutional capital since its inception. LLCP invests in middle market companies located in the United States, the United Kingdom and Europe. LLCP is currently making new investments through Levine Leichtman Capital Partners VI, L.P., Levine Leichtman Capital Partners Europe II SCSp, LLCP Lower Middle Market Fund, L.P. and Levine Leichtman Strategic Capital, LLC. LLCP has offices in Los Angeles, New York, Dallas, Chicago, Charlotte, London, Stockholm and The Hague. For additional information, please visit llcp.com.
About Portico Capital
Portico Capital provides independent strategic and financial advisory services in the areas of mergers & acquisitions (M&A), recapitalizations and capital raisings exclusively to private and public companies in the global information and business services/software sector. The firm, founded in 2000, has offices in Greenwich, Connecticut; New York, New York; and London, England. For more information, please visit www.porticocapital.com.
S. Searcy Dryden, General Partner
Casey N. Hofmeister, Managing Director