M and A
Deals Of The Day: The Latest In Wealth Management M&A – Mercer, Kingfisher Capital
The latest mergers, acquisitions and other corporate actions in the wealth management sector.
Mercer Global Advisors, Kingfisher
Capital
The wealth management and financial planning firm, Mercer Global
Advisors, has bought Kingfisher Capital, a business looking
after about $630 million of client money.
The financial terms of the deal were not disclosed.
The wealth management firm, KC, located in Charlotte, North Carolina, was founded by Alexander B Miles and H K Hallett in 1989.The firm, which serves about 210 clients, positions itself as a family office solution to high net worth clientele.
The transaction continues a run of deals that Mercer, headquartered in Denver, Colorado, has made, making it one of the most prominent M&A players in the North American wealth industry this year.
InCap Group advised KC on the deal; Robinson Bradshow acted as transaction counsel.
“Alex and H K have built a high-quality family office business staffed by an exceptional team of professionals. KC is a respected and fast-growing firm in North Carolina and beyond, and they significantly bolster our Southern presence,” David Barton, vice chairman at Mercer, said.
