123 LumpSum Holdings, LLC, a leading originator of secondary structured settlement transactions, announced the completion of a private placement of equity with GCP Capital Partners LLC (“GCP”). The terms of the transaction were not disclosed. The new capital will be used by 123 LumpSum to support the expansion of its advertising and marketing program, as well as, development of new financial solutions. Bryant Park Capital Securities, Inc. (“BPC”) acted as exclusive financial advisor and sole placement to 123 LumpSum in connection with the investment by GCP.
“Due to their long track record in financial services, BPC was able to clearly convey to investors the attractive opportunities we see in the structured settlement industry and position 123 LumpSum as a strong platform to become the #2 player behind the combined J.G. Wentworth and Peachtree,” said Michael Asseff, Chief Executive Officer of 123 LumpSum. “BPC’s perseverance and exceptional network of relationships across the investor universe including private equity firms, alternative lenders and family offices, allowed 123 LumpSum to explore several creative financing solutions. We couldn’t be happier with the outcome of the engagement and would highly recommend BPC to other companies seeking an experienced capital raising advisor.”
About 123 LumpSum Holdings
Founded in 2001, 123 LumpSum Holdings is a leading originator and servicer of secondary structured settlement transactions and other financial products. Since inception, 123 LumpSum has purchased over $700 million of payments. 123 LumpSum seeks to provide attractive financial solutions to its client base which is typically inadequately serviced by traditional banking institutions. For more information about 123 LumpSum, please visit www.123lumpsum.com.
About GCP Capital Partners
GCP Capital Partners manages the Greenhill Capital Partners private equity funds totaling $1.9 billion in committed capital. GCP has a successful track record investing $1.4 billion in over 50 portfolio companies. GCP’s managing directors have over 110 years of combined private equity and senior operating experience and have substantial personal capital invested in the funds. GCP has made both control and growth equity investments in a number of industries, including: financial services, business services, energy, insurance, education and telecommunications. GCP Capital Partners is the successor to Greenhill Capital Partners, the merchant banking business of Greenhill & Co., Inc. (NYSE: GHL) which the principals formed in 2000. For more information about GCP Capital Partners, please visit www.gcpcapital.com.
About Bryant Park Capital
Bryant Park Capital is an investment bank providing M&A and corporate finance advisory services to emerging growth and middle market public and private companies. BPC has deep expertise in the specialty lending and financial services industries. Our professionals have completed approximately 400 assignments representing an aggregate transaction value of over $80 billion.