Advent International Fisher Investments Business Growth and Financial Performance

Advent International's investment in Fisher Investments marked a significant milestone in the company's growth, with a 10-year investment period that ended in 2019.

Fisher Investments experienced substantial growth under Advent's ownership, with assets under management increasing from $30 billion to over $100 billion.

The company's financial performance also improved, with revenue growth averaging 20% annually during the investment period.

Fisher Investments' acquisition of several financial services companies expanded its product offerings and client base, contributing to its financial success.

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Fisher Investments has made several strategic acquisitions over the years, expanding its global reach and capabilities.

One notable acquisition was the purchase of a minority stake in a leading investment firm in 2019.

This deal allowed Fisher Investments to tap into the firm's expertise in emerging markets and enhance its own investment offerings.

The acquisition also marked a significant milestone in Fisher Investments' history, solidifying its position as a major player in the global investment management industry.

In 2020, Fisher Investments acquired a majority stake in another investment firm, further expanding its presence in the market.

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Fisher Investments oversees $275 billion for more than 150,000 clients, including individuals and institutions.

The firm's valuation is estimated to be between $12.75 billion and $14.25 billion, based on the $2.5 billion to $3 billion investment from Advent International and the Abu Dhabi Investment Authority.

Fisher Investments' earnings for the prior 12 months are roughly $600 million, which is used to determine its valuation multiple of 20x to 21x earnings.

This valuation places Fisher Investments among the largest and most successful financial services companies in the industry.

Fisher Investments recently sold a minority stake to Advent International and the Abu Dhabi Investment Authority, valuing the company at a multiple between 20x and 21x its earnings.

The valuation is based on the company's earnings for the prior 12 months, which were roughly $600 million.

This valuation is a significant one, as it assigns a total enterprise value of roughly $12.75 billion to Fisher Investments.

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The company's financials are impressive, with $275 billion in assets under management and over 150,000 clients.

The deal will allow Fisher Investments to continue operating independently, with Advent and Abu Dhabi taking a minority stake in the company.

The investment strategy of Abu Dhabi is focused on long-term value, which should align well with Fisher Investments' approach to wealth management.

Fisher Investments has secured a minority investment from Advent International and a 100% subsidiary of the Abu Dhabi Investment Authority (ADIA) for up to $3 billion.

This investment values the US-based investment adviser at $12.75 billion, making it one of the largest investment advisers in the world.

Ken Fisher, the founder of Fisher Investments, will maintain a majority controlling stake in the company with voting shares of more than 70%.

The deal is part of Ken Fisher's estate planning for the long term, ensuring that Fisher Investments will maintain its independence as a privately held investment adviser and asset management firm.

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Fisher Investments oversees assets exceeding $275 billion for a global clientele exceeding 150,000 clients.

For Advent International and ADIA, the deal is a long-term investment in one of the world's largest investment advisers.

The transaction will give Fisher Investments an independent runway with exceptional institutional investors who value the firm's unique culture and goals.

Fisher Investments has secured a minority investment commitment of $2.5-$3 billion from Advent International and a 100% subsidiary of the Abu Dhabi Investment Authority (ADIA).

This investment values the US-based investment adviser at $12.75 billion.

Ken Fisher, the founder of Fisher Investments, will maintain a majority controlling stake in the company with voting shares of more than 70%.

The deal is part of Ken Fisher's estate planning for the long term, ensuring that Fisher Investments will maintain its independence as a privately held investment adviser and asset management firm.

The company oversees assets exceeding $275 billion for a global clientele exceeding 150,000 clients.

Fisher Investments will continue to operate independently, with Ken Fisher maintaining his traditional culture and growth evolution.

As part of the deal, Ken Fisher will sell personal holdings to Advent International-managed funds and ADIA.

The investment will give Fisher Investments an independent runway with truly exceptional institutional investors who can bring wisdom and value to the company.

The deal is expected to close later this year, with J.P. Morgan Securities and RBC Capital Markets acting as co-financial advisers.