BDT & MSD Partners
 | |
| Company type | Private |
|---|---|
| Industry | Financial services |
| Predecessor | BDT & Company MSD Partners |
| Founded | January 2023 |
| Headquarters | Equitable Building, Chicago, U.S. One Vanderbilt, New York City, U.S. |
Key people | Byron Trott (Chairman and co-CEO) Gregg Lemkau (co-CEO) |
| Products | Investment banking Private equity |
| AUM | US$50 billion (2023) |
| Website | bdtmsd |
| Footnotes / references [1] | |
BDT & MSD Partners (BDT & MSD) is an American merchant bank that is co-headquartered in Chicago and New York City. The firm has both an advisory platform and an investment platform.
History
[edit]In January 2023, BDT & MSD was formed from the merger of BDT & Company, a merchant bank founded by Byron Trott that provides advice and capital to family and founder-led companies, and MSD Partners, an investment firm that manages the wealth of Michael Dell and his family.[2][3][4]
Trott is currently the Chairman and co-CEO of the firm while Gregg Lemkau who was previously CEO of MSD Partners is the other co-CEO.[2][3][4]
Dina Powell left Goldman Sachs to join the firm in May 2023.[5]
BDT & MSD is co-headquartered in Chicago and New York City with additional offices in Santa Monica, Dallas, and elsewhere.[6]
Investments and transactions
[edit]The bank was a financial advisor for Metropolis Technologies' $1.5 billion acquisition of SP Plus Corporation in 2023.[7] It has acquired a minority stake in Auberge Hotels.[8] In October 2024, the bank was part of a group of investors that acquired a majority stake in food manufacturer Badia Spices.[9] In December 2024, the bank participated in a $273 million investment into Shell Bay, a luxury condominium development near Miami.[10]
References
[edit]- ^ "BDT & MSD PARTNERS, LLC". brokercheck.finra.org.
- ^ a b Gottfried, Miriam (20 October 2022). "BDT to Merge With MSD Partners, Form New Investment and Advisory Firm". Wall Street Journal. Retrieved 7 June 2023.
- ^ a b Fontanella-Khan, James; Gara, Antoine; Indap, Sujeet (20 October 2022). "Michael Dell-backed investment group merges with Warren Buffett's favoured advisory firm". Financial Times. Retrieved 7 June 2023.
- ^ a b Dorbian, Iris (17 January 2023). "BDT and MSD Partners completes merger". PE Hub. Retrieved 7 June 2023.
- ^ Gottfried, Miriam; Andriotis, AnnaMaria (30 May 2023). "Goldman Sachs Executive Dina Powell McCormick to Depart for Merchant Bank". Wall Street Journal. Retrieved 7 June 2023.
- ^ "BDT & MSD | Home". BDT & MSD. Retrieved 2023-10-30.
- ^ "Parking platform Metropolis agrees to buy SP Plus for $1.5 billion". Reuters. Archived from the original on 2023-10-08. Retrieved 2024-12-13.
- ^ Staff, T. R. D. (2024-02-06). "Michael Dell affiliated investment firm buys minority stake in Auberge Resorts". The Real Deal. Retrieved 2024-12-13.
- ^ "Badia Spices to sell majority stake to investors". Reuters.
- ^ "JPMorgan, BDT & MSD Lend $273 Million for Luxury Florida Condos". Bloomberg.com. 2024-11-20. Retrieved 2024-12-13.
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- 2023 establishments in Illinois
- Companies based in Chicago
- Financial services companies established in 2022
- Financial services companies based in New York City
- Investment banks in the United States
- Investment management companies of the United States
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- 2023 establishments in New York City
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