CNL Strategic Capital LLC, a publicly registered non-traded limited liability company, has agreed to acquire a controlling interest in the U.S. Roundtables business of Auriemma Consulting Group Inc., a subscription-based information services and data analytics company for the consumer finance industry.
CNL Strategic Capital agreed to purchase an approximately 80 percent controlling interest in Auriemma for approximately $53 million.
Founded in 1984, the Auriemma Group provides data analytics, benchmarking, and information and advisory solutions to the consumer finance industry. The business serves companies in the credit card, automotive finance, retail banking, wealth management and fintech segments.
The sale is anticipated to close during the third quarter of 2019 and is subject to customary closing conditions.
CNL Strategic Capital seeks to acquire controlling equity stakes in combination with loan positions in what it deems as durable and growing middle-market businesses. As of the first quarter of 2019, the company’s investment portfolio had a fair value of $82.8 million.
The company launched its first private offering in February 2018 and issued approximately 3.3 million Class FA shares for total proceeds of approximately $81.7 million. The company’s public offering was declared effective in March 2018 and had raised approximately $26.9 million as of the first quarter of 2019. In April 2019, the company launched another private offering of up to $50 million of Class FA shares.
CNL Strategic Capital is externally managed by CNL Strategic Capital Management LLC and Levine Leichtman Strategic Capital LLC.
CNL Financial Group is a private investment management firm providing real estate and alternative investments. Since inception in 1973, CNL and/or its affiliates have formed or acquired companies with more than $34 billion in assets.
Levine Leichtman Capital Partners is a Los Angeles, California based private investment firm that has managed approximately $10.2 billion of institutional capital since its inception. The firm invests in middle market companies located in the United States, the United Kingdom and Europe.