After months of speculation, Fisher Investments said over the weekend it had sold up to 23.5% of the $275 billion registered investment firm to private equity firm Advent International and Abu Dhabi's sovereign wealth fund. The deal marks the first outside investment in Fisher Investments, a move that is set to significantly boost the net worth of founder and owner Ken Fisher.
Fisher Investments is selling a minority stake to private-equity firm Advent International and Abu Dhabi's sovereign wealth fund. US private equity firm Advent International and a subsidiary of the Abu Dhabi Investment Authority will acquire a $2.5bn to $3bn minority stake in Fisher Investments, marking a historic moment for the renowned investment firm.
Ken Fisher, the founder and owner of Fisher Investments, is set to see his net worth more than double, reaching $12.2 billion, following the landmark deal with Advent International and Abu Dhabi's sovereign wealth fund. The agreement represents a significant step for Fisher Investments, as it opens up new opportunities for growth and expansion.
Private equity firm Advent International and a wholly owned subsidiary of sovereign wealth fund Abu Dhabi Investment Authority have agreed to acquire a minority stake in Fisher Investments, solidifying the firm's position in the global investment landscape. The partnership between Fisher Investments and these prestigious investors is expected to drive innovation and strategic initiatives within the firm.
Advent International struck a deal to acquire a minority stake in money management firm Fisher Investments, signaling a new chapter for both companies. The collaboration between Advent International and Fisher Investments is poised to bring about positive changes and enhance the firm's capabilities in serving its clients.
Fisher Investments (FI) made a significant announcement revealing that Advent International (Advent) and a wholly-owned subsidiary of the Abu Dhabi Investment Authority (ADIA) are acquiring a minority stake in the firm. This strategic move is expected to strengthen Fisher Investments' position in the market and fuel its growth trajectory in the coming years.
Advent International and the Abu Dhabi Investment Authority (ADIA) are acquiring a joint minority stake in Ken Fisher's firm Fisher Investments, in a deal that is set to reshape the investment landscape. The partnership between these esteemed entities and Fisher Investments is anticipated to drive innovation, enhance client services, and unlock new opportunities for growth.
