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New Deal


Announced

New Mountain Capital to invest in Homrich Berg.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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wealth management

Pending

Acquisition

Private Equity

Friendly

Single Bidder

Private

United States

Asset Managers and Custodians

Minority

Domestic

Synopsis

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New Mountain Capital, a New York-based investment firm, agreed to invest in Homrich Berg, a national independent wealth management firm. Financial terms were not disclosed. "We see an incredible opportunity for Homrich Berg to continue its strong growth and build on its leading presence in the Southeast. The firm’s commitment to clients is what attracted us to this investment partnership and we are energized to support the firm’s long-term strategic expansion. This is the fourth investment out of our debut Strategic Equity fund and we are looking forward to partnering with Andy and the team on an exciting new platform," Bob Mulcare, New Mountain Managing Director.

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