Charlesbank Capital Partners completed the acquisition of a majority stake in Lido Advisors.

Charlesbank Capital Partners, a private equity firm, completed the acquisition of a majority stake in Lido Advisors, a financial planning company. Financial terms were not disclosed. “Lido has proven to be an unparalleled home for clients and financial advisors alike, and we are excited to leverage our experience and network to accelerate its organic growth and M&A strategy," Michael Choe, Charlesbank Managing Director & CEO.