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New Deal


Announced

NFP-backed Wealthspire Advisors to acquire Private Capital Group.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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wealth management

Private

Majority

Asset Managers and Custodians

Pending

Single Bidder

Friendly

United States

Acquisition

Domestic

Synopsis

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NFP-backed Wealthspire Advisors, an independent investment adviser, agreed to acquire Private Capital Group, a wealth management firm. Financial terms are not disclosed. “Being part of Wealthspire will bring additional value to our clients and expand opportunities for our dedicated associates. Private Capital Group was founded with a ‘Serve First’ philosophy, so we are looking forward to fully integrating with Wealthspire and becoming part of a dynamic firm that shares our passion for client service and deep fiduciary commitment," Ben Kille, Private Capital Group Founder and Managing Member.

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