Announced
Completed
Financials
Tags
wealth services
Asset Managers and Custodians
asset allocation
investment management
risk management
United States
Acquisition
Domestic
Private
Minority
Completed
Friendly
Single Bidder
Synopsis
Constellation Wealth Capital, a firm specializing in making investments in wealth management firms, completed the acquisition of a minority stake in Lido Advisors, an investment advisor. Financial terms were not disclosed. “I’ve been observing Lido for a long time and have been impressed by their operating model, value proposition, and leadership team, all of which have enabled the firm to achieve rapid organic and inorganic growth. We look forward to collaborating with Jason, Ken, and the entire Lido management team, together with Charlesbank, to help them accelerate their ambitious growth objectives,” Karl Heckenberg, CWC Founder and Managing Partner.
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