IK Partners Acquires Majority Stake in Cinerius Financial Partners
July 3, 2023
IK Partners has made a majority investment in Cinerius Financial Partners, with existing investor Summit Partners and the Cinerius management team reinvesting; financial terms were not disclosed. Headquartered in Zug, Switzerland, Cinerius is a wealth-management platform managing over CHF 10 billion with more than 140 employees across 13 locations; IK will support the company’s organic growth, technology investment and M&A-driven expansion of its partner network.
- Buyers
- IK Partners, Summit Partners, Cinerius management
- Targets
- Cinerius Financial Partners
- Industry
- Financial Services
- Location
- Zug, Switzerland
- Transaction Type
- Buyout
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