BDT & MSD Partners
American merchant bank
From Wikipedia, the free encyclopedia
BDT & MSD Partners 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.
MSD Partners
 | |
| Company type | Private |
|---|---|
| Industry | Financial services |
| Predecessor | BDT & Company MSD Partners |
| Founded | January 2023 |
| Headquarters | Equitable Building, Chicago, U.S. 550 Madison Ave, 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 |
| Footnotes / references [1] | |
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.[6]
In January 2025, it was announced that Goldman Sachs Group veteran Greg Olafson would join BDT & MSD as president, co-head of global credit and co-chief investment officer. Olafson joined Goldman in 2001 as an employee of its investment banking division and saw several achievements, including being selected as a partner in 2012.[7]
Investments and transactions
The bank was a financial advisor for Metropolis Technologies' $1.5 billion acquisition of SP Plus Corporation in 2023.[8] It has acquired a minority stake in Auberge Hotels.[9] In October 2024, the bank was part of a group of investors that acquired a majority stake in food manufacturer Badia Spices.[10] In December 2024, the bank participated in a $273 million investment into Shell Bay, a luxury condominium development near Miami.[11]
In June 2024, BDT & MSD Partners ranked 36th in Private Equity International's PEI 300 ranking among the world's largest private equity firms.[12]
Notable holdings
BDT & MSD's official strategy emphasizes "long-term" investments, with some notable holdings including:
Majority positions
- Alliance Laundry Systems[13]
- The Boca Raton Resort[14]
- Casa Dragones[15]
- Coalition[16]
- Culligan[17]
- Four Seasons Resort Hualalai[18]
- MJH Life Sciences[19]
- Naples Beach Club[18]
- Ring Container Technologies Inc.[20]
- Universal Engineering Sciences[21]
- Weber Inc.[22]
- West Monroe Partners (50%)[23]
- Whataburger[24]
Minority positions
- Acrisure[25]
- Auberge Resorts[26]
- Badia Spices[27]
- Brunswick Group (11%)[28]
- Charlotte Tilbury Beauty[29]
- Cognita[30]
- East West Manufacturing[31]
- Exyte[32]
- Qualtrics[33]
- Tory Burch LLC[34]
- Under Armour (25%)[35][36]