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New Deal


Announced

Karp Capital Management and Corsair Capital to invest in Miracle Mile Advisors.

Financials

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

Tags

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Friendly

Domestic

Investment Banking

investment advisory

Private Equity

Acquisition

Private

Minority

United States

Pending

Synopsis

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Wealth management firms Karp Capital Management and Corsair Capital, agreed to invest in Miracle Mile Advisors, an investment advisory firm. Financial terms were not disclosed. "Miracle Mile and Karp Capital coming together is a unique partnership. We share a strong cultural alignment and dedication to providing clients with highly customized, fiduciary advice. Our focus on providing wealth management services to the automotive, RV, and powersports spaces complement Miracle Mile’s broad foundation in advanced financial planning and wealth advisory services,” Peter Karp, Karp Capital Founder.

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