Announced
Financials
Tags
asset and wealth management
Majority
Friendly
Single Bidder
Acquisition
Cross Border
Asset Managers and Custodians
Pending
Australia
Private Equity
Private
Synopsis
LGT, an investment manager, agreed to acquire Crestone Wealth Management, a wealth management firm, for $338m. “The envisaged transaction would enable us to deliver greater scale benefits to our clients whilst drawing on the experience, skills, and global insights of a leading wealth management firm like LGT. We believe that LGT is a natural long-term owner for our business that will provide us with further balance sheet strength while retaining the benefits of a private ownership structure that aligns with our client focused business model," Michael Chisholm, Crestone CEO.
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.