Fisher Investments and Advent International on Tuesday said they were not in deal talks, after the Wall Street Journal said that Ken Fisher's eponymous firm was in discussions for a potential acquisition. The independent, fee-only investment adviser didn't take too kindly to the story in The Wall Street Journal claiming that the firm was in sale talks. Fisher Investments promptly released a statement denying any such discussions with Advent International.
Private-equity firm Advent International is reportedly in talks to acquire Fisher Investments, a money-management firm. The potential acquisition has been a subject of interest for investors and market enthusiasts, with both firms remaining tight-lipped about the details. Fisher Investments, in response to media reports, clarified that it was not engaged in any sale negotiations.
Fisher Investments, founded by Ken Fisher, has attracted interest from private equity firm Advent International. The talks regarding a potential acquisition have been going on, although no official confirmation has been made by either party. Advent International, known for its investments in various industries, has held discussions to acquire Fisher Investments, which manages billions of dollars in assets.