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New Deal


Announced

Sequoia Financial Group to acquire Affinia Financial Group.

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

Domestic

Private

Friendly

wealth management

Asset Managers and Custodians

Acquisition

Majority

Pending

Single Bidder

Synopsis

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Sequoia Financial Group, an SEC-registered wealth manager, agreed to acquire Affinia Financial Group, a wealth manager offering a specialty practice dedicated to special needs financial planning. Financial terms were not disclosed. "We look for partners that are making a meaningful impact within specific communities and share our passion for client service, philosophy, and values. Affinia's work with families who have members with special needs is an important addition to our firm. It supports Sequoia's 'built for you' strategy, which equips our advisors with the resources they need to have a deep and personal effect on our clients' lives," Tom Haught, Sequoia Founder and CEO.

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