Berkshire Global Advisors acted as financial advisor to Landmark Management, Inc.
Seller Details:
Landmark Management (“Landmark”) is a multi-family office with more than $4 billion in assets under management. Located in New York City, Landmark provides investment management, accounting and tax preparation services for a limited number of ultra-high net worth families. For over 20 years, Landmark has been dedicated to the goal of providing objective, institutional-quality advisory services and access to the best available talent to meet each client’s investment needs. Landmark employs a highly personalized approach based on open, honest communication and a deep understanding of each client’s long-term financial objectives, with the ultimate goal of becoming a trusted advisor to multiple generations of our client families.
Buyer Details:
Rosemont Investment Group (“Rosemont”) is a specialist investor exclusively focused on a select number of partnerships with high-quality, employee-owned asset and wealth management companies. Rosemont acquires permanent minority equity positions in support of management buyouts, recapitalizations, ownership transitions, and selected start-ups. In addition to its experience providing capital and employee-driven ownership solutions, Rosemont leverages its deep network and knowledge of the investment management industry developed through more than 30 years of advising and investing in asset and wealth management businesses.
Transaction Summary:
Rosemont will acquire a minority stake in Landmark designed to support the company’s gradual transition to next-generation leadership and to ensure its independence and continuity far into the future. As a minority investor, Rosemont will contribute guidance and governance as both the company and its clients navigate generational transition in the years and decades ahead.