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BDT & MSD Partners

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BDT & MSD Partners
Company typePrivate
IndustryFinancial services
PredecessorBDT & Company
MSD Partners
FoundedJanuary 2023; 2 years ago (2023-01)
HeadquartersEquitable Building, Chicago, U.S.
550 Madison Ave, New York City, U.S.
Key people
Byron Trott (chairman and co-CEO)
Gregg Lemkau (co-CEO)
ProductsInvestment banking
Private equity
AUMUS$50 billion (2023)
Websitebdtmsd.com
Footnotes / references
[1]

BDT & MSD Partners 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

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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]

In January 2025, it was announced that Goldman Sachs Group veteran Greg Olafson would join BDT & MSD as president, co-head of global credit and co-chief investment officer. Olafson joined Goldman in 2001 as an employee of its investment banking division and saw several achievements, including being selected as a partner in 2012.[7]

Investments and transactions

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The bank was a financial advisor for Metropolis Technologies' $1.5 billion acquisition of SP Plus Corporation in 2023.[8] It has acquired a minority stake in Auberge Hotels.[9] In October 2024, the bank was part of a group of investors that acquired a majority stake in food manufacturer Badia Spices.[10] In December 2024, the bank participated in a $273 million investment into Shell Bay, a luxury condominium development near Miami.[11]

The firm has also advised on professional sports team sales, including the Baltimore Orioles, Miami Dolphins and Philadelphia Eagles.[12][13]

In June 2024, BDT & MSD Partners ranked 36th in Private Equity International's PEI 300 ranking among the world's largest private equity firms.[14]

Notable holdings

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BDT & MSD's official strategy emphasizes "long-term" investments, with some notable holdings including:

Majority positions

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Minority positions

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References

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  1. ^ "BDT & MSD PARTNERS, LLC". brokercheck.finra.org.
  2. ^ 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.
  3. ^ 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.
  4. ^ a b Dorbian, Iris (17 January 2023). "BDT and MSD Partners completes merger". PE Hub. Retrieved 7 June 2023.
  5. ^ 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.
  6. ^ "BDT & MSD | Home". BDT & MSD. Retrieved 2023-10-30.
  7. ^ "Goldman Veteran Olafson Joins BDT & MSD as President and Co-CIO". mint. 2025-01-16. Archived from the original on 2025-02-12. Retrieved 2025-02-17.
  8. ^ "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.
  9. ^ 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.
  10. ^ "Badia Spices to sell majority stake to investors". Reuters.
  11. ^ "JPMorgan, BDT & MSD Lend $273 Million for Luxury Florida Condos". Bloomberg.com. 2024-11-20. Retrieved 2024-12-13.
  12. ^ Coffey, Brendan (August 8, 2024). "Ex-Goldman Sachs Execs in Celtics Deal are Michael Dell Rainmakers". Sportico.
  13. ^ Fischer, Ben (December 11, 2024). "NFL Approves First PE Deals, and Raiders adn Eagles Limited Partner Transactions". Sports Business Journal.
  14. ^ "2024 PEI 300 by Private Equity International - Infogram". infogram.com. Retrieved 2025-02-17.
  15. ^ BDT Capital Partners, LLC Agrees to Acquire a Majority Stake in Alliance Laundry Systems from Ontario Teachers (Alliance Laundry Systems, August 6, 2015)
  16. ^ "Boca Resort sale announced today", Boca Voice, 2019-04-22. Retrieved on 2019-07-09.
  17. ^ "BDT Capital Backs Tequila Maker Casa Dragones". Wall Street Journal. April 9, 2018.
  18. ^ Willard, Jack (October 13, 2022). "Coalition and BDT Capital Partners Announce the Formation of Ferian Re". Reinsurance News.
  19. ^ "BDT Capital Partners Completes Acquisition of Culligan International". Bloomberg News. 2 August 2021.
  20. ^ a b "Athens Group, MSD Partners Acquire Naples Beach Hotel & Golf Club in Florida, Plan Mixed-Use Redevelopment". Rebusiness Online. November 9, 2021.
  21. ^ BDT Capital Partners acquires a majority interest in MJH Life Sciences (Davis Polk, November 16, 2021)
  22. ^ "Nation Safe Drives and Questx to Combine". Tow Times. May 27, 2023.
  23. ^ "Michael Dell's MSD Partners to Buy Ring Container Technologies". Bloomberg. June 14, 2017.
  24. ^ Lynch, Ryan; Lundine, Susan (August 24, 2021). "BDT Capital Partners to Become Majority Shareholder in Universal Engineering Sciences". Biz Journals.
  25. ^ "Grill maker Weber to go private with BDT Capital in $3.7-billion deal". The Globe and Mail. December 12, 2022.
  26. ^ West Monroe completes investment from MSD Partners, begins Employee Ownership 3.0 (West Monroe Partners, November 10, 2021)
  27. ^ Whataburger Sells Majority Interest to BDT Capital Partners (QSR Magazine, June 14, 2019)
  28. ^ "Insurance Broker Acrisure Raises $3.45 Billion". Insurance Journal. March 24, 2021.
  29. ^ 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.
  30. ^ "Badia Spices to sell majority stake to investors". Reuters.
  31. ^ "Britain's Brunswick Group to Sell Nearly 11% Stake to U.S. Fund". Reuters. June 23, 2021.
  32. ^ Culliney, Kacey (June 8, 2020). "Puig-Charlotte Tilbury Acquisition: 'It's an Interesting Choice' but 'Totally Makes Sense'". Cosmetics Design.
  33. ^ Espinoza, Javier (January 31, 2019). "Byron Trott's Fund Takes Stake in Elite Education Network". Financial Times.
  34. ^ East West Is Acquired by MSD (RW Baird, February 2022)
  35. ^ [https://www.reuters.com/markets/deals/bdt-capital-partners-takes-minority-stake-german-chip-plant-builder-exyte-2022-11-16/ BDT Capital Partners takes minority stake in German chip plant builder Exyte(Reuters, November 16, 2022)
  36. ^ Gara, Antoine. "Silver Lake's Egon Durban Says Firm Focused on 'All-in Bets'". Financial Times.
  37. ^ What would an IPO mean for Tory Burch? (Vogue, October 31, 2023)
  38. ^ BDT & MSD Partners Invest in Under Armour (BDT & MSD, May 31, 2023)
  39. ^ Under Armour Top Institutional Holders (Yahoo Finance, March 24, 2025)
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