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New Deal


Announced

Completed

Lovell Minnick Partners-backed Pathstone completed the merger with Cornerstone Capital Group.

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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Completed

Private

Merger

Friendly

Domestic

Asset Managers and Custodians

Single Bidder

United States

alternative investment

Acquisition

Majority

Private Equity

Synopsis

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Lovell Minnick Partners-backed Pathstone, an independently operated advisory firm, completed the merger with Cornerstone Capital Group, an SEC-registered investment advisor. Financial terms were not disclosed. "We believe that by empowering clients to amplify the impact of their investments and aligning their goals with their values, clients can enhance returns and foster positive impact. With Erika and her team set to lead and energize these efforts, Pathstone is set to further establish itself as a real thought leader in this critically important area," Matthew Fleissig, Pathstone President.

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