.
MergerLinks Header Logo

Announced

Onex to invest in TA Associates-backed Wealth Enhancement Group.

Financials

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

Tags

Edit

Single Bidder

Friendly

Pending

Minority

Cross Border

Private

Asset Managers and Custodians

wealth management

United States

Acquisition

Private Equity

Synopsis

Edit

Onex, an investment company, agreed to invest in TA Associates-backed Wealth Enhancement Group, an independent wealth management firm. Financial terms were not disclosed. "Our new investment from Onex augments our continued relationship with TA, bringing together two of the most accomplished private equity investment firms in the world. Wealth Enhancement Group has created a remarkable level of organic and acquisitions-based growth over the years, with our firm well on its way to becoming the premier wealth management platform across the country. As we embark on the next stage of our growth vision, this is the perfect moment to bring aboard an additional partner with a long history of successful financial services investments," Jeff Dekko, Wealth Enhancement Group CEO.

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US