Reported 8 months ago
Private equity firm Advent International and a unit of the Abu Dhabi Investment Authority are acquiring a minority stake in Fisher Investments owned by billionaire Ken Fisher for up to $3 billion, valuing the firm at $12.75 billion. The deal is part of Ken Fisher's estate planning and will allow Fisher Investments to maintain its independence and culture even in unforeseen circumstances. Ken Fisher, 73, founded the firm in 1979, and this transaction ensures the firm's long-term private independence.
Source: YAHOO