Announced
Completed
Financials
Tags
Minority
Private
Completed
financial planning
Acquisition
United States
Asset Managers and Custodians
investment management
Friendly
Private Equity
Single Bidder
Synopsis
Emigrant Partners, a capital and advisory services partner, completed its investment in Parallel Advisors, a financial planning and investment management firm headquartered in San Francisco. Financial terms were not disclosed. "We are very pleased to have a firm of Parallel's distinction join Emigrant Partners. While our partners retain full control over their strategy and investment decisions, Emigrant Partners has always provided long-term, stable capital and growth through both our guidance and our ability to leverage New York Private Bank & Trust's extensive network of value-added resources," Karl Heckenberg, Emigrant Partners CEO.
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.