Dahlman Rose, an investment bank specialising in natural resources, transportation and other industries in the global supply chain, has, subject to regulatory approval, entered into a definitive agreement to receive a USD40m minority investment from private equity firm Lovell Minnick Partners. 

Dahlman Rose plans to use the proceeds for further expansion of its investment banking, research and institutional sales and trading platforms.

Lovell Minnick will finance the investment from the Lovell Minnick Equity Partners III fund. As part of the agreement, the firm will appoint two representatives to Dahlman Rose's board of managers. 

Lovell Minnick managing director Spencer Hoffman (pictured) says: "Dahlman Rose is the recognized thought leader in its focus sectors. The company offers a clearly differentiated suite of investment banking, advisory and trading services that meet the growing needs of its corporate and institutional clients.  We are very optimistic about this partnership and the company's compelling growth prospects."

Simon Rose, chief executive officer of Dahlman Rose, adds: "In addition to growth capital, this agreement brings to Dahlman Rose the seasoned perspective of the premier investor in innovative financial services businesses.  We welcome this partnership as an important component of Dahlman Rose's aggressive growth strategy."