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New Deal


Announced

Completed

Genstar Capital completed the acquisition of Cerity Partners from Lightyear Capital.

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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Private

Friendly

Completed

Single Bidder

investment management

private wealth management

asset and wealth management

financial advisory

United States

Diversified Financials

Asset Managers and Custodians

Majority

Acquisition

Private Equity

Domestic

Synopsis

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Genstar Capital, a private equity firm, completed the acquisition of Cerity Partners, a financial and investment advisory firm, from Lightyear Capital, a private equity firm. Financial terms were not disclosed. “We are excited to partner with Kurt and the entire management team at Cerity as they continue to scale and drive value for their clients. They are well-positioned to achieve outsized growth through their differentiated approach to wealth management,” Tony Salewski, Genstar Capital Managing Director.

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