Home / transaction / Berkshire Global Advisors acted as exclusive financial advisor to B|O|S Management
Berkshire Global Advisors acted as exclusive financial advisor to B|O|S Management
  • has acquired a majority interest in
  • Berkshire Global Advisors acted as exclusive financial advisor to B|O|S Management

  • Date: October 2018
  • Sector: Wealth Management
  • Region: North America
  • Seller AUM: $4.7 Billion
  • Seller Details
    Kudu Investment Management, LLC is a New York-based provider of passive, long-term capital to asset and wealth management firms who wish to remain independent, typically through minority stake structures. The firm was founded in 2015 by Rob Jakacki and Charlie Ruffel and is backed by leading institutional investors, including White Mountains Insurance Group, Ltd., (NYSE: WTM).

    Buyer Details
    B|O|S is a leading California Bay Area wealth management firm with over 30 years of experience serving high net worth clients. B|O|S manages approximately $4.7 billion in client assets as of September 2018.

    Transaction Summary
    B|O|S, a leading Bay Area wealth advisory firm, announced today that it is buying back a majority ownership stake in the company from Boston Private Financial Holdings, Inc. with financing from Kudu Investment Management, LLC. After the transaction closes, B|O|S Principals and Founders will own approximately 68% of the company compared to their current ownership of approximately 38%. Kudu Investment Management, LLC, a New York-based provider of passive, long-term capital to asset and wealth management firms, will own the remaining 32%. The move allows B|O|S to regain its independence going forward.