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New Deal


Announced

Kudu Investment-backed Sequoia Financial Group to merge with Wealthstone Advisors.

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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Merger

Friendly

Private

Pending

Asset Managers and Custodians

Private Equity

Single Bidder

United States

Acquisition

investment management

Domestic

Synopsis

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Kudu Investment-backed Sequoia Financial Group, a financial planning and wealth management services provider, agreed to merge with Wealthstone Advisors, a $1.4bn Columbus, Ohio-based advisory firm. Financial terms were not disclosed. "We have long admired Wealthstone as a client-focused firm with a similar culture and passion for providing excellent and comprehensive financial advisory, wealth management and consulting services," Thomas Haught, Sequoia President and CEO.

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