Prime Capital lands $600M from Carlyle at $1.8B valuation
What's the deal? Prime Capital FinancialDealroom has a profile for this one. Try Dealroom → has secured approximately $600 million from The Carlyle GroupDealroom has a profile for this one. Try Dealroom → through a hybrid capital solution that includes a minority ownership interest. The transaction values the independent wealth management firm at an enterprise value of more than $1.8 billion. The investment is being made through Carlyle's Global Credit platform.
Why now? Prime Capital Financial plans to use the capital to continue investing in its integrated wealth management platform and support future growth. Its existing leadership and majority employee-owned operating model will remain in place, while existing investor ABRY PartnersDealroom has a profile for this one. Try Dealroom → exits.
What does the firm do? Based in Overland Park, Kansas, Prime Capital Financial provides financial planning, investment management, tax advisory, trust and estate planning, insurance, family office services, banking, alternative investments and institutional advisory services.
The signal: The transaction pairs hybrid capital with a minority stake, allowing a wealth-management consolidator to fund further growth while preserving employee ownership.
Read more: Pulse2
Image credit: kenteegardin
