PAG to acquire a 51% stake in Edelweiss Wealth Management for $300m.

PAG, a private equity firm, agreed to acquire a 51% stake in Edelweiss Wealth Management, a diversified financial services provider, from Edelweiss Group, an investment and financial services company for $300m. “In PAG we have found a great partner with global experience and strong capabilities. This investment endorses our core strategy of incubating businesses, building value and growing them into market leaders as they gradually move from interdependence to independence. We remain committed to unlocking value for businesses and shareholders alike and remain future-ready to ride the economic trajectory post-Covid,” Rashesh Shah, Edelweiss Group Chairman & CEO.