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Private Equity

GTCR Prevails in Captrust Auction

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Published: June 22nd, 2020
Though final bids were due in mid-June, GTCR made an offer that won over the money-management firm before the process concluded.

GTCR LLC preempted a limited sale process to win a minority stake in Captrust Financial Advisors LLC, a Raleigh, N.C., money management firm taking aim at more add-on deals in the space.

GTCR was one of three finalists for Captrust, which initially launched a sales process in late 2019. Final bids were due in mid-June, but GTCR made an earlier offer that prevailed.

GTCR and Captrust announced the transaction on Tuesday, June 2, for the sale of a 25% stake in the company. The deal values Captrust at $1.25 billion.

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