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Transactions / S••• A••••••• S•••••••• L•••

S••• Advisory Services Adds K••• Investment Management as Minority Partner

Minority investmentclosedannounced Dec 13, 2023closed Dec 13, 2023Fact
What happened
Platform
not an add-on on record
Control
Minority
Share acquired
unknown
Industry
unknown
Target location
TX, US
Seller kind
unknown
Rollover
unknown
Values, only where disclosed
Enterprise value
Not disclosed
Purchase price
Not disclosed
Equity value
Not disclosed
Target revenue
Not disclosed
Target EBITDA
Not disclosed
Multiple
Not disclosed
Parties and roles
3 named
Buy side
  • S••• A••••••• S•••••••• L••• (S•••), an investment manager with more than $23 billion in client assets under management and advisement, primarily in fixed income strategies, and K••• Investment Management, LLC (K•••), a provider of permanent capital solutions to independent asset and wealth managers
Advisory side
  • S••••• • K••••• L••Legal adviserconfirmed
    S••••• • K••••• L•• served as legal advisor to K•••.
Side not stated
  • S••• A••••••• S•••••••• L••• (S•••), an investment manager with more than $23 billion in client assets under management and advisement, primarily in fixed income strategies, and K••• Investment Management, LLC (K•••), a provider of permanent capital solutions to independent asset and wealth managers
Evidence
S••• A••••••• S•••••••• L••• (S•••), an investment manager with more than $23 billion in client assets under management and advisement, primarily in fixed income strategies, and K••• Investment Management, LLC (K•••), a provider of permanent capital solutions to independent asset and wealth managers, today announced that K••• has made a minority investment in S•••.
S••• Advisory Services Adds K••• Investment Management as Minority Partner | Private Equity Intelligence | DFX