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New Deal


Announced

Completed

Steward Partners Global Advisory completed the acquisition of Freedom Street Partners.

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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asset management

United States

Private Equity

Single Bidder

Domestic

Asset Managers and Custodians

Acquisition

Majority

Private

Completed

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Synopsis

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Steward Partners Global Advisory, a private equity firm, completed the acquisition of Freedom Street Partners, an asset management firm. Financial terms were not disclosed. "Establishing this new division allows us to expand our business model and we believe it will be a key component of our future growth, attracting a new segment of advisors to Steward Partners. The acquisition of Freedom Street Partners' wealth management business is an important step in expanding our already successful business, and as we welcome our new partners to the Steward Partners family, we will work with them to continue to build this attractive opportunity," James Gold, Steward Partners Co-Founder and CEO.

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