BDT & MSD Partners

Last updated
BDT & MSD Partners
Company type Private
Industry Financial services
PredecessorBDT & Company
MSD Partners
FoundedJanuary 2023;2 years ago (2023-01)
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.com
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.

Contents

In June 2024, BDT & MSD Partners ranked 36th in Private Equity International 's PEI 300 ranking among the world's largest private equity firms. [2]

History

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. [3] [4] [5]

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. [3] [4] [5]

Dina Powell left Goldman Sachs to join the firm in May 2023. [6]

BDT & MSD is co-headquartered in Chicago and New York City with additional offices in Santa Monica, Dallas, and elsewhere. [7]

In January 2025, Goldman Sachs Group veteran Greg Olafson joined BDT & MSD Partners as president, global credit officer 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. [8]

Investments and transactions

The bank was a financial advisor for Metropolis Technologies' $1.5 billion acquisition of SP Plus Corporation in 2023. [9] It has acquired a minority stake in Auberge Hotels. [10] In October 2024, the bank was part of a group of investors that acquired a majority stake in food manufacturer Badia Spices. [11] In December 2024, the bank participated in a $273 million investment into Shell Bay, a luxury condominium development near Miami. [12]

References

  1. ↑ "BDT & MSD PARTNERS, LLC". brokercheck.finra.org.
  2. ↑ "2024 PEI 300 by Private Equity International - Infogram". infogram.com. Retrieved 2025-02-17.
  3. 1 2 Gottfried, Miriam (20 October 2022). "BDT to Merge With MSD Partners, Form New Investment and Advisory Firm". Wall Street Journal. Retrieved 7 June 2023.
  4. 1 2 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.
  5. 1 2 Dorbian, Iris (17 January 2023). "BDT and MSD Partners completes merger". PE Hub. Retrieved 7 June 2023.
  6. ↑ 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.
  7. ↑ "BDT & MSD | Home". BDT & MSD. Retrieved 2023-10-30.
  8. ↑ "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.
  9. ↑ "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.
  10. ↑ 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.
  11. ↑ "Badia Spices to sell majority stake to investors". Reuters.
  12. ↑ "JPMorgan, BDT & MSD Lend $273 Million for Luxury Florida Condos". Bloomberg.com. 2024-11-20. Retrieved 2024-12-13.


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