FNZ BANK acquired by ADVENT INTERNATIONAL & HARBOURVEST PARTNERS

Investcorp takes a majority stake in Berger Financial Group, a US-based RIA in Minnesota, marking its entry into the North American wealth management sector. The transaction, announced in July 2026, concludes Investcorp's multi-year search for a wealth management platform that it could scale through RIA acquisitions and organic growth. The strategic logic rests on structural market trends: aging demographics, generational wealth transfer, rising financial complexity, and migration toward fee-based fiduciary advice

Bridgepoint disclosed in July 2026 its definitive agreement to acquire the real‑estate investment business of Kayne Anderson, a U.S. manager headquartered in Boca Raton. The transaction follows a series of consolidation moves within the alternative‑asset sector and represents Bridgepoint’s most significant expansion in the property domain to date. Kayne Anderson Real Estate has built a reputation for originating and managing both equity and debt capital across a broad spectrum of property types, positioning it as a complementary asset class to Bridgepoint’s existing private‑market platform

Bain Capital has agreed to acquire the wealth management division of the ASX-listed Perpetual Group. The deal structure includes potential performance-linked adjustments before completion and an additional AU$50 million earn-out tied to post-closing performance. The strategic rationale for the carve-out is to allow Perpetual Group to simplify its corporate structure and focus on its core asset management and corporate trust businesses. Under Bain Capital’s ownership, the business will be led by Executive Chair Geoff Lloyd (former Perpetual Group CEO)

Nantes-based Colbert Groupe has acquired a 51% majority stake in IDP Stratégie from its founder, Catherine Bizé. The transaction, initiated during a seminar organized by the InComon group, marks Colbert’s strategic entry into the Paris (Île-de-France) market. The acquisition was partially financed through bank debt, valuing IDP Stratégie between €1 million and €1.5 million. As part of the deal, Catherine Bizé has reinvested a portion of her proceeds into Colbert Groupe, joining the 14 other associate-managers at the group level

NatWest Group has agreed to acquire Evelyn Partners from its private equity owners, Permira and Warburg Pincus. This transaction brings together Evelyn Partners' �69 billion in assets under management with NatWest's existing Private Banking and Wealth Management business. The deal aligns with NatWest's strategy to scale its wealth management offering and address the growing demand for financial advice and investment solutions among its customer base. The acquisition remains subject to regulatory approval and is expected to complete in the summer of 2026

Carac entered into exclusive negotiations to acquire a majority stake of just under 70% in Cedrus & Partners. This transaction follows a highly competitive bidding process involving international private equity funds and wealth management consolidators, where Carac emerged victorious over finalists such as Corient and Anacap. The deal facilitates the complete exit of the firm's founders while allowing the current management team, led by the President and the CEO, to retain the remaining one-third of the capital by reinvesting their proceeds

The independent wealth management group Rhetores completes its first LBO (Primary LBO) with IK Partners. The transaction values the firm at a staggering EUR310 million, setting a new benchmark multiple in the sector. The founder, Stephane Rudzinski, opens his capital to a financial sponsor for the first time to accelerate growth. The objective is to double the assets under management (AUM) by pursuing an aggressive buy-and-build strategy in the highly fragmented French market, targeting other CGP firms

JTC PLC has been acquired by Permira Advisers LLP through the special purpose vehicle Papilio Bidco Ltd. The offer was presented after a competitive process that included a rival bid from Warburg Pincus, and it received unanimous recommendation from JTC’s board. The transaction is structured as an all‑cash purchase of all outstanding shares, with financing supplied primarily by Permira VIII and co‑investment from the Canada Pension Plan Investment Board, subject to customary regulatory approvals and closing conditions

La France Mutualiste, supported by the Malakoff Humanis group, formalised the acquisition of a combined 85% stake in UNOFI, with La France Mutualiste holding 51% and Holding Malakoff Humanis holding 34%. The Conseil Supérieur du Notariat retains a 15% minority stake through Financière Thémis, preserving the alignment between UNOFI and the notarial profession. The transaction succeeds two historical shareholders — AXA France and the Burrus group — following a process initiated in July 2025. The alliance is designed to combine UNOFI's unique distribution network and notarial expertise with La France Mutualiste and Malakoff Humanis's financial strength and product capabilities, enabling the development of new savings solutions and tools for notaries and their clients while preserving UNOFI's operational autonomy and deontological model

The strategic entry of PAI Partners into the capital structure of Cyrus Group signifies a major advancement for the independent wealth management sector in Europe. The strategic logic of this transaction hinges on a "platform-acceleration" maneuver, merging the target’s technical operational depth in wealth advisory with the sponsor’s extensive expertise in scaling global business services. This alignment equips the organization with the institutional backing and capital necessary to address the increasing demand for sophisticated, integrated support among high-net-worth clients facing the complexities of internationalization