Mergers & Acquisitions

Cyera Buys Trail Security For $162 Million

By Amit Chowdhry ● Oct 23, 2024

Cyera announced the acquisition of Trail Security - which is a next-generation data loss prevention (DLP) company - for $162 million. This deal marks a key milestone for Cyera, the three-year-old cybersecurity company valued at over $1.4 billion as it continues to expand its AI-driven platform.

Citizens Onboards $600 Million Florida-Based Team

By Amit Chowdhry ● Oct 23, 2024

Citizens Financial Group announced that it is welcoming a new team of seasoned wealth advisors, led by Stephen LaForte and Jonathan Soto, as part of its ongoing strategy to accelerate wealth capabilities in key markets across the U.S. Based in Boca Raton, these senior advisors bring more than four decades of combined experience in wealth management and previously managed approximately $600 million in client assets. They specialize in customized wealth management solutions for high-net-worth and ultra-high-net-worth individuals, families, and businesses.

DNA Fund Buys Coral Capital To Invest An Additional $50+ Million In Web3 And AI Companies

By Amit Chowdhry ● Oct 23, 2024

DNA Fund, an investor in high-ticket emerging tech and web3 investments, has announced its acquisition of Coral Capital Holdings. This established investment management firm has previously managed millions in the DNA founders' personal funds.

Cresset Buying CH Investment Partners, Bringing Firm To $62 Billion In Assets

By Amit Chowdhry ● Oct 19, 2024

Cresset Asset Management announced an acquisition of CH Investment Partners, a $6.2 billion multi-family office and private investment firm serving ultra-high-net-worth families. Through this acquisition, the integrated firm will manage more than $62 billion in assets for high-net-worth and ultra-high-net-worth families.

Kestra: Funds Managed By Stone Point Agrees To Buy Majority Interest In Parent Partnership

By Amit Chowdhry ● Oct 19, 2024

Kestra Holdings announced that funds managed by Stone Point Capital (a leading private equity firm focused on global financial services and related industries) has agreed to buy a majority interest in the parent partnership of the company, replacing current partner Warburg Pincus. Private equity firm Oak Hill Capital will remain a minority owner. And the Kestra Holdings management team and a large number of Kestra-affiliated financial advisors and Bluespring-affiliated principals will retain equity positions in the company. Bluespring Wealth Partners is the acquisition arm of Kestra Holdings.

LPL Onboards $340 Million Morristown Wealth Management And $685 Million Air Capital Teams

By Amit Chowdhry ● Oct 18, 2024

LPL Financial announced that it onboarded a couple of teams recently. This includes Morristown Wealth Management and Air Capital.

Brembo Buys Performance Suspension Technology Company Öhlins

By Amit Chowdhry ● Oct 17, 2024

Brembo has signed an agreement with Tenneco, a portfolio company of funds managed by affiliates of Apollo Global Management, for the acquisition of a 100% stake in Öhlins Racing, the leading manufacturer of premium, high-performance suspension technology for motorcycles and cars in the Original Equipment, Motorsport, and Aftermarket segments.

MAI Capital Management Onboards $1.2 Billion Halpern Financial Team

By Amit Chowdhry ● Oct 16, 2024

MAI Capital Management, a registered investment adviser (RIA) specializing in investment and financial planning for high-net-worth individuals and families, announced the acquisition of Halpern Financial. The terms of the transaction were not disclosed.

Cerity Partners Acquires $1 Billion Advisory Firm SBC Wealth Management

By Amit Chowdhry ● Oct 16, 2024

Cerity Partners, a leading independent wealth management firm in the U.S., announced that it is merging with SBC Wealth Management, an Indianapolis-based wealth management firm serving affluent individuals and businesses.

Cetera Signs Deal With Protective Life To Buy $12 Billion AUA Concourse Financial Team

By Amit Chowdhry ● Oct 16, 2024

Cetera Financial Group, a premier financial advisor Wealth Hub, announced that it has entered into a definitive agreement to acquire Concourse Financial Group Securities (CFGS), a subsidiary of Protective Life Corporation, via asset acquisition. Based in Birmingham, Alabama, CFGS is comprised of Protective's affiliated retail distribution system, dually registered broker-dealer, and registered investment advisor.

Shiftmove Buying French Fleet Management Company Optimum Automotive

By Amit Chowdhry ● Oct 15, 2024

Shiftmove - a German-Swiss platform for fleet management software - announced today it is acquiring the French digital fleet management platform Optimum Automotive. The deal will enable Shiftmove - which was created in 2023 from the merger of the two fleet management market leaders Avrios and Vimcar - to expand into France.

Avantax Onboards Independent FAs With About $390 Million In Combined Assets

By Amit Chowdhry ● Oct 14, 2024

Avantax - a unique community within Cetera Holdings and a leader in tax-focused financial planning and wealth management - announced it onboarded several new independent financial advisors who have affiliated with Avantax to help strengthen their ability to offer clients comprehensive tax-intelligent financial services.

Pursuit Aerospace Completes Strategic Acquisitions Of Prescott Precision Die And Merc Aerospace

By Amit Chowdhry ● Oct 14, 2024

Pursuit Aerospace - a global manufacturer of complex aircraft engine components - announced it has completed the strategic acquisitions of both Prescott Precision Die and Merc Aerospace.

Blue Owl Capital Buying IPI Partners For $1 Billion

By Amit Chowdhry ● Oct 14, 2024

Leading alternative asset manager Blue Owl Capital announced it has entered into a definitive agreement to acquire the business of digital infrastructure fund manager IPI Partners from an affiliate of ICONIQ Capital and an affiliate of Iron Point Partners for a purchase price of about $1 billion.

EPAM To Buy Northern Ireland-Based Managed Services Company First Derivative

By Amit Chowdhry ● Oct 13, 2024

EPAM Systems announced an agreement to buy First Derivative, a Northern Ireland-based managed services and consulting business for the capital markets industry with over 1,800 employees worldwide and major delivery capability in the U.K., Ireland, North America, and APAC.

RCG Global Buys Aethereus To Strengthen Salesforce And Data Services

By Amit Chowdhry ● Oct 13, 2024

RCG Global Services, a leader in technology consulting and business-first engineering and part of the Frontenac portfolio, announced its acquisition of Aethereus, an award-winning Salesforce Summit Partner specializing in advisory, experience design, and multi-cloud transformation. This deal marks a significant milestone in RCG’s growth strategy, strengthening its Salesforce consulting capabilities, expanding its industry and core cloud offerings, and increasing its India presence.

Solvd Buying AI Consulting Company EastBanc Technologies

By Amit Chowdhry ● Oct 13, 2024

Solvd, an end-to-end software engineering company and global technology consultancy, announced the acquisition of EastBanc Technologies, a U.S.-based AI consulting firm. This move sets a clear course for Solvd's AI-driven strategy and new AI offerings.