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New Deal


Announced

Sequoia Financial to acquire Cirrus Wealth Management.

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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United States

investment manager

Asset Managers and Custodians

Acquisition

Domestic

Private

Majority

Pending

Friendly

Single Bidder

Synopsis

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Sequoia Financial, an SEC-registered wealth manager, agreed to acquire Cirrus Wealth Management, an independent wealth management firm. Financial terms were not disclosed. "It's reassuring to know that our team and clients will be in extremely capable hands—right in our own backyard—when we join Sequoia, a like-minded firm that has the technology and resources to support our growing business. Sequoia is working thoughtfully to build a custom transition plan and is providing growth opportunities for the Cirrus team," Joe Heider, Cirrus President.

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