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New Deal


Announced

iCapital Network to acquire a majority stake in Artivest.

Financials

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

Tags

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investment management

Majority

Friendly

Asset Managers and Custodians

Pending

United States

Single Bidder

Private Equity

Acquisition

Private

special purpose acquisition vehicle

Venture Capital

Domestic

Synopsis

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iCapital Network, a financial technology platform, is set to acquire a majority stake in Artivest, an innovative technology company for accessing and investing in alternatives. Financial terms were not disclosed. “We are pleased to reach an agreement with iCapital, which is well positioned to deliver the quality and continuity of client experience that is central to Artivest’s offering. We are confident that iCapital is the right service provider for our managers, advisors, and their clients," Martin Beaulieu, Artivest Chairman and CEO.

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