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New Deal


Announced

Steward Partners to acquire Monaco Capital and Saling Simms.

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

Financial Data and Systems

financial services

Acquisition

Majority

Private

Domestic

Pending

Friendly

Single Bidder

Synopsis

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Steward Partners, a private equity firm, agreed to acquire fiancial services firms Monaco Capital and Saling Simms. Financial terms were not disclosed. "The acquisition of both Monaco Capital and Saling Simms marks another step in our commitment to deliver excellence to our advisors, partners, and clients through our legacy model. Since establishing the model last December, we have seen tremendous growth in our already successful business, and we are excited to work alongside our new partners as we continue this trajectory," Jim Gold, Steward Partners CEO and Co-Founder.

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