ALPS Mutual Fund Services, Inc.Denver, CO Industry: Business Services / Financial Services
Transaction: Majority Sale to Financial Buyer
ALPS Mutual Fund Services, Inc. ("ALPS"), a privately owned and operated company, provides administration, distribution, accounting and transfer agency services for open and closed-end mutual funds, as well as active distribution of Exchange-Traded and closed-end funds. The firm administers approximately $10 billion on behalf of clients that include WestCore funds, Clough closed-end funds and Select Sector SPDR Trust. ALPS' owner / operators sought to sell a majority of their equity stake while continuing to manage the company. ALPS retained GMB as its exclusive financial advisor in its majority sale to a financial buyer. GMB successfully negotiated the sale of ALPS to Lovell Minnick Partners, LLC, a Los Angeles-based private equity firm that provides buyout and growth capital to developing companies in the financial services industry. The transaction enabled W. Robert Alexander, chairman of ALPS, to sell a 60% ownership stake while the company's other shareholder / executives rolled significant portions of their ownership stakes into the new company and continued in their roles. Go Back
