BDT & MSD Partners

BDT & MSD Partners
Company type	Private
Industry	Financial services
Predecessor	BDT & Company; MSD Partners
Founded	January 2023; 2 years ago
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;

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.

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]

Investments and transactions

The bank was a financial advisor for Metropolis Technologies' $1.5 billion acquisition of SP Plus Corporation in 2023.^[7] It has acquired a minority stake in Auberge Hotels.^[8] In October 2024, the bank was part of a group of investors that acquired a majority stake in food manufacturer Badia Spices.^[9] In December 2024, the bank participated in a $273 million investment into Shell Bay, a luxury condominium development near Miami.^[10]

References

^ "BDT & MSD PARTNERS, LLC". brokercheck.finra.org.
^ ^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.
^ ^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.
^ ^a ^b Dorbian, Iris (17 January 2023). "BDT and MSD Partners completes merger". PE Hub. Retrieved 7 June 2023.
^ 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.
^ "BDT & MSD | Home". BDT & MSD. Retrieved 2023-10-30.
^ "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.
^ 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.
^ "Badia Spices to sell majority stake to investors". Reuters.
^ "JPMorgan, BDT & MSD Lend $273 Million for Luxury Florida Condos". Bloomberg.com. 2024-11-20. Retrieved 2024-12-13.

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[1] "BDT & MSD PARTNERS, LLC". brokercheck.finra.org.

[:0-2] Gottfried, Miriam (20 October 2022). "BDT to Merge With MSD Partners, Form New Investment and Advisory Firm". Wall Street Journal. Retrieved 7 June 2023.

[ft_merger-3] 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.

[pe_hub_merger-4] Dorbian, Iris (17 January 2023). "BDT and MSD Partners completes merger". PE Hub. Retrieved 7 June 2023.

[wsj_dina-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] "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.

[8] 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.

[9] "Badia Spices to sell majority stake to investors". Reuters.

[10] "JPMorgan, BDT & MSD Lend $273 Million for Luxury Florida Condos". Bloomberg.com. 2024-11-20. Retrieved 2024-12-13.

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BDT & MSD Partners

History

Investments and transactions

References

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