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Announced

Completed

Fiduciary Trust Company International completed the acquisition of Athena Capital Advisors.

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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Private

Completed

United States

Acquisition

Single Bidder

Asset Managers and Custodians

investment advisor

Majority

Friendly

Private Equity

Synopsis

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Fiduciary Trust Company, a global wealth management firm, completed the acquisition of Athena Capital Advisors, a privately-owned registered investment advisor. Financial terms were not disclosed. "Lisette and her team have been pioneers in the fields of impact investing and quantitative investment management, and the due diligence, investment research, and manager selection methodologies they have developed in these areas will strengthen the advisory services we provide across our organization. The combination of our firms will enhance the experience we can deliver to high-net-worth and ultra-high-net-worth clients across the country," John M. Dowd, Fiduciary Trust Company International CEO.

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