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New Deal


Announced

iCapital Network to acquire the alternative investments feeder fund platform from Wells Fargo.

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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Pending

alternative investments feeder fund

Private

Majority

Acquisition

United States

Single Bidder

Friendly

Diversified Financials

Private Equity

Synopsis

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iCapital Network, a financial technology platform, agreed to acquire the alternative investments feeder fund platform from Wells Fargo, an American multinational financial services company. Financial terms were not disclosed. “This agreement is emblematic of the great strides we have made to provide greater access, efficiency and transparency for the wealth management community seeking alternative investing strategies for their high-net-worth clients," Lawrence Calcano, iCapital Network Chairman and CEO.

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