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New Deal


Announced

YieldStreet to acquire WealthFlex.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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United States

Digital Services

Single Bidder

digital wealth management

Acquisition

Pending

Majority

Friendly

Private

Synopsis

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YieldStreet, the digital wealth management platform, agreed to acquire WealthFlex, a digital IRA platform providing investors with access to private investment opportunities through self-directed IRAs. Financial terms were not disclosed. “Our investors wanted a tax-efficient method of investing on YieldStreet, and we listened. Anyone who has ever tried to move their 401 or IRA understands that the process is not consumer-friendly or designed for today’s world. Our promise is to make it as fast and cost-efficient as possible so investors can easily move their money and take control of their retirement portfolios,” Milind Mehere, YieldStreet Founder and CEO.

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