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Announced

Completed

Parsonex Enterprises completed the acquisition of E. Magnus Oppenheim.

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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Completed

Domestic

Asset Managers and Custodians

Stock broker

Single Bidder

United States

Acquisition

Private

Majority

Friendly

Synopsis

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Parsonex Enterprises, a financial services conglomerate which owns several subsidiaries focused on investments, financial planning, advice and media, completed the acquisition of E. Magnus Oppenheim, a stock broker. Financial terms were not disclosed. "This acquisition enhances our offerings and enables us to better serve our clients by incorporating in-house industry-leading investment management services. Our firms' are culturally and philosophically aligned in that we both prioritize long term, goal-based investment solutions, customized asset management and a focus on serving clients with excellence. We look forward to carrying forth the legacy and reputation that Mr. Oppenheim created," Jonathan Miller, Parsonex CEO.

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