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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