Key Takeaways
- • Goal Solutions, a loan servicing, asset management, SPV administration and analytics provider, took a significant minority equity investment from BBH Capital Partners Private Equity (BBHCP), the private equity arm of Brown Brothers Harriman & Co., according to a PRNewswire-PRWeb release.
- • The deal is Goal Solutions' first outside institutional equity capital, and the company says it will retain its leadership team, business model and culture.
- • Goal Solutions said it engaged Houlihan Lokey more than a year before the announcement to run a search for an investment partner aligned with its strategy.
- • BBHCP targets platform investments between $50 million and $150 million and can act as a control or non-control investor; the size of the Goal Solutions stake was not disclosed.
- • Goal Solutions says it services and manages over $26 billion in consumer loans, and cites over $48 billion in managed consumer assets in its boilerplate.
Summary
Goal Solutions announced a significant strategic minority equity investment from BBH Capital Partners Private Equity, the private investment arm of Brown Brothers Harriman & Co., according to a company press release distributed via PRWeb. The release describes the transaction as a recapitalization that provides Goal Solutions with its first outside institutional equity capital. The financial terms, including the stake size and valuation, were not disclosed in the materials reviewed.
Goal Solutions describes itself as a provider of primary and backup servicing, asset management and SPV administration solutions for consumer finance, with a stated focus on specialty credit. The company says its leadership team has managed more than $48 billion in consumer assets, while a separate company profile cites servicing and management of over $26 billion in consumer loans. CEO Matt Myers and founder and chairman Ken Ruggiero both framed the partnership as a means to accelerate growth while preserving the existing management team and culture.
According to the release, the company engaged Houlihan Lokey more than a year before the announcement to lead a search for a partner. The stated growth priorities include expanding into new asset classes, enhancing existing service offerings and pursuing opportunities across financial services. Brad Langer, partner and co-manager of BBHCP, said the firm intends to support organic investments and strategic acquisitions aimed at serving loan originators and investors across servicing, administration, reporting and analytics.
BBHCP, which the firm says is a private equity strategy of Brown Brothers Harriman, typically backs founder-, family- and management-owned middle-market companies and can combine equity with subordinated debt. Its stated platform investment range is $50 million to $150 million, and it supports management buyouts, growth financings, recapitalizations and buy-and-build strategies. The release does not specify the size of BBHCP's position in Goal Solutions.
Goal Solutions describes itself as a provider of primary and backup servicing, asset management and SPV administration solutions for consumer finance, with a stated focus on specialty credit. The company says its leadership team has managed more than $48 billion in consumer assets, while a separate company profile cites servicing and management of over $26 billion in consumer loans. CEO Matt Myers and founder and chairman Ken Ruggiero both framed the partnership as a means to accelerate growth while preserving the existing management team and culture.
According to the release, the company engaged Houlihan Lokey more than a year before the announcement to lead a search for a partner. The stated growth priorities include expanding into new asset classes, enhancing existing service offerings and pursuing opportunities across financial services. Brad Langer, partner and co-manager of BBHCP, said the firm intends to support organic investments and strategic acquisitions aimed at serving loan originators and investors across servicing, administration, reporting and analytics.
BBHCP, which the firm says is a private equity strategy of Brown Brothers Harriman, typically backs founder-, family- and management-owned middle-market companies and can combine equity with subordinated debt. Its stated platform investment range is $50 million to $150 million, and it supports management buyouts, growth financings, recapitalizations and buy-and-build strategies. The release does not specify the size of BBHCP's position in Goal Solutions.
Go deeper than the headline
Research every firm in this story, track the ones that matter and get the daily briefing — free for 7 days.