.
MergerLinks Header Logo

New Deal


Announced

Completed

Cerity Partners completed the acquisition of Permit Capital Advisors.

Financials

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

Tags

Edit

investment advisory

United States

Friendly

Domestic

Acquisition

Asset Managers and Custodians

Private

Single Bidder

Majority

Completed

Synopsis

Edit

Cerity Partners, a wealth management firms, completed the acquisition of Permit Capital Advisors, an independent investment advisory firm. Financial terms were not disclosed. "Our clients work with us because we are sophisticated, creative investors, particularly within the alternative investment space, which provides opportunities to enhance returns and mitigate risk in an ever-evolving investment landscape. Niche and emerging investment managers find much value in working with us and provide us with access to a broader range of investment strategies. That experience, matched with the wide range of services that Cerity Partners offers, makes this partnership powerfully differentiated in our industry," Adam Landau, Permit Capital Advisors Co-CEO.

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

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

CONTACT US