DPG Investments Acquires Dividend America in Private Transaction
SCOTTSDALE, AZ (January 3, 2012) — DPG Investments, LLC, is proud to announce the acquisition of Dividend America, LLC, an asset-backed loan and deal flow origination platform. The acquisition price is not being disclosed.
Dividend America is transitioning into a wholly-owned subsidiary of DPG Investments and will become DPG’s fifth wholly-owned, majority-controlled operating company. DPG’s private equity portfolio consists of more than 32 private equity interests across a diverse range of sectors and industries.
Dividend America executives Michael Gross, Fred Barber and Jason Mauney will assume roles as key executives in DPG’s multi-strategy global investment advisory platform and will specifically focus on DPG Private Capital, LLC, and DPG Capital Markets, LLC.
Dividend America, founded in 1998, is a multi-strategy transaction origination platform based in Atlanta with five operating executives and more than 15 national and global origination executives. Through their diverse leadership, the partners of Dividend America supply expertise in business restructuring, real estate, construction funding and complex business solutions. Dividend America’s pipeline of current loan and lending-related transactions exceeds $500 million.
Dividend America has assisted 125-year-old investment banking firms, hedge funds and other non-bank lenders with origination, processing and pre-underwriting transactions across all 50 states. Over its 14-year history, 10 of those as an origination platform, Dividend America professionals have assisted with loans from $500,000 to $65 million.
“The acquisition of Dividend America extends DPG’s origination arm and adds significant executive talent to DPG’s various operating private capital platforms,” said Dan Galvanoni, Chairman of DPG Investments. “The new executives will assist in the management of DPG’s rapidly growing affiliated platforms, which include DPG Private Capital LLC, DPG Natural Resources and Energy, LLC, DPG Capital Markets LLC, DPG Lending, LLC and various DPG-branded special purpose vehicles including direct allocations, post-investment management and asset management.”
“DPG-affiliated credit facilities, its private investor network and allocation base all have significant liquidity and capacity, ranging from $5 million family office allocations to more than $1 billion in capabilities for opportunistic structured financings. Our challenge has been sourcing enough high-quality investment opportunities for the abundance of capital available. We believe the Dividend America platform and team will successfully bridge that gap,” Galvanoni said.
Michael Gross, who is maintaining his role as President of Dividend America and becoming a Senior Director with DPG, said, “DPG Investments has a world-class platform, team and private investor base. Its products offer significant competitive advantages in the capital markets arena. With a dedicated national origination team of more than 20 seasoned executives and plans for growth, we’ll be leveraging the DPG brand, increasing high-quality deal flow and focusing exclusively on origination and client management.”
DPG | INVESTMENTS, LLC
9701 Wilshire Blvd.
Beverly Hills, CA 90212
Ed Hartwell, DPG’s Director of Origination in Atlanta, was instrumental in developing DPG’s relationship with Dividend America and a key figure in the deal, according to Galvanoni.
DPG Investments and affiliates provide global alternative investment management and advisory services. With offices in Arizona, California and Georgia, DPG specializes in the allocation of capital across various asset classes on behalf of its select ultra-high net worth family offices and institutional private equity managers. DPG’s current focus in the alternative investment sector includes real estate lending and acquisition, renewable energy and natural resources, corporate private equity, asset management, fund-to-fund advisory and venture capital. Through its solid platform and disciplined approach, DPG maintains a predominant foothold in the capital markets, trafficking significant and high-quality opportunities on a consistent basis.
Currently, DPG works principally and in conjunction with its numerous domestic and international capital partners, which service a diverse scope of transactions on a co-investment and allocation basis. These partners include hedge funds, REITS, equity portfolios, private merchant banks, pension funds and life insurance companies. DPG maintains a strong focus on ultra-high net worth family office partnerships throughout the U.S., Asia, Latin America and Europe.
Solutions Oriented Approach
Dividend America is a solutionsoriented business advisory and commercial lending company. Our expansive lending platform gives us the ability to fund loans from $500,000 to $150,000,000. We take a consultative approach with our clients which allows us to be an advisor, partner and lending resource that provides all kinds of solutions in today’s challenging and competitive business environment.
With an average lending pipeline approaching $1 billion, we have become an expert at finding a home for hard to place loans. Our commercial loan solutions, and solutions oriented approach means that deals get done and loans get closed, even when other lenders said no. Acting as an origination, processing and pre-underwriting unit funding sources that range from investment banks to equity capital to REITs, hedge funds and family offices and private wealth, we have the ability to structure almost any transaction and close loans when our clients need it most!
Our clients needs come first. Many times this means that we help our clients restructure their businesses, advise of opportunities and create cost savings that pay our fees without incurring additional expenses.
In cases where our clients have unsuccessfully sought financing from a long time lending partner we have provided advice on how their current lender could restructure the transaction and successfully close the loan. Whether consulting or just lending we are proficient at meeting a wide array of client needs and are often called upon to find creative solutions for unusual problems.
No deal is to challenging, give us a call with your scenario and we’ll show you how our diverse knowledge can benefit you in today’s competitive business environment. And our expertise doesn’t just stop with lending … through our associate with our partner business and Impact Business & Capital Advisors we help our clients take their business to the next level through equity raise and the creation of joint venture partnerships. We have a solution for every situation.
One of our more creative approaches is deal structuring. Structured Finance is nothing more than having the resources and capital connections to put together every piece of the capital stack. We have those connections and we help our clients achieve their goals and grow their business by providing not only traditional style solutions but a mix of structured finance solutions that includes equity, bridge and mezzanine loans.
We hope you enjoy learning about the great people that make Dividend America, LLC such a special company. We also hope you enjoy reading their special perspectives in their blogs. We love to teach almost as much as we crave to learn and grow.
From all of us at Dividend America, LLC
Michael D. Gross
Atlanta,GA & Phoenix, AZ
Chief Operating Officer
Chief Financial Officer