Announced
Completed
Financials
Tags
United States
Minority
Completed
Friendly
Acquisition
Domestic
Asset Managers and Custodians
Single Bidder
Private
investment advisory
Synopsis
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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