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New Deal


Announced

Completed

Kudu completed the acquisition of a minority stake in Douglass Winthrop.

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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United States

Minority

Completed

Friendly

Acquisition

Domestic

Asset Managers and Custodians

Single Bidder

Private

investment advisory

Synopsis

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Kudu, an independent provider of permanent capital solutions to asset and wealth managers worldwide, completed the acquisition of a minority stake in Douglass Winthrop, an SEC-registered investment advisor managing. Financial terms were not disclosed. "Partnering with Kudu ensures DWA can remain independent, with access to growth capital and a strategy for long-term continuity in leadership. Kudu and DWA have a shared belief that independent, trusted financial advice is increasingly in demand by sophisticated investors and their families," Jay Winthrop, Douglass Winthrop Co-Founder and Managing Principal.

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