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.
550 Madison Ave, 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 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

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. [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

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]

In June 2024, BDT & MSD Partners ranked 36th in Private Equity International 's PEI 300 ranking among the world's largest private equity firms. [12]

Notable holdings

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

Majority positions

Minority positions

References

  1. "BDT & MSD PARTNERS, LLC". brokercheck.finra.org.
  2. 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.
  3. 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.
  4. 1 2 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. "2024 PEI 300 by Private Equity International - Infogram". infogram.com. Retrieved 2025-02-17.
  13. BDT Capital Partners, LLC Agrees to Acquire a Majority Stake in Alliance Laundry Systems from Ontario Teachers (Alliance Laundry Systems, August 6, 2015)
  14. "Boca Resort sale announced today", Boca Voice, 2019-04-22. Retrieved on 2019-07-09.
  15. "BDT Capital Backs Tequila Maker Casa Dragones". Wall Street Journal . April 9, 2018.
  16. Willard, Jack (October 13, 2022). "Coalition and BDT Capital Partners Announce the Formation of Ferian Re". Reinsurance News.
  17. "BDT Capital Partners Completes Acquisition of Culligan International". Bloomberg News. 2 August 2021.
  18. 1 2 "Athens Group, MSD Partners Acquire Naples Beach Hotel & Golf Club in Florida, Plan Mixed-Use Redevelopment". Rebusiness Online. November 9, 2021.
  19. BDT Capital Partners acquires a majority interest in MJH Life Sciences (Davis Polk, November 16, 2021)
  20. "Michael Dell's MSD Partners to Buy Ring Container Technologies". Bloomberg. June 14, 2017.
  21. Lynch, Ryan; Lundine, Susan (August 24, 2021). "BDT Capital Partners to Become Majority Shareholder in Universal Engineering Sciences". Biz Journals.
  22. "Grill maker Weber to go private with BDT Capital in $3.7-billion deal". The Globe and Mail. December 12, 2022.
  23. West Monroe completes investment from MSD Partners, begins Employee Ownership 3.0 ( West Monroe Partners , November 10, 2021)
  24. Whataburger Sells Majority Interest to BDT Capital Partners (QSR Magazine, June 14, 2019)
  25. "Insurance Broker Acrisure Raises $3.45 Billion". Insurance Journal. March 24, 2021.
  26. 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.
  27. "Badia Spices to sell majority stake to investors". Reuters.
  28. "Britain's Brunswick Group to Sell Nearly 11% Stake to U.S. Fund". Reuters . June 23, 2021.
  29. Culliney, Kacey (June 8, 2020). "Puig-Charlotte Tilbury Acquisition: 'It's an Interesting Choice' but 'Totally Makes Sense'". Cosmetics Design.
  30. Espinoza, Javier (January 31, 2019). "Byron Trott's Fund Takes Stake in Elite Education Network". Financial Times.
  31. East West Is Acquired by MSD (RW Baird, February 2022)
  32. [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)
  33. Gara, Antoine. "Silver Lake's Egon Durban Says Firm Focused on 'All-in Bets'". Financial Times.
  34. What would an IPO mean for Tory Burch? (Vogue, October 31, 2023)
  35. BDT & MSD Partners Invest in Under Armour (BDT & MSD, May 31, 2023)
  36. Under Armour Top Institutional Holders ( Yahoo Finance , March 24, 2025)