Waverly Advisors Acquires Select Business Lines from Promus Holdings
December 8, 2025
Waverly Advisors has acquired certain business lines from Chicago-based Promus Holdings, adding approximately $3.1 billion of AUM and expanding Waverly's private equity, real estate, and multi-family office capabilities. The deal closed November 14, 2025; financial and legal terms were not disclosed, and Waverly formed a new subsidiary, Promus Capital Management, to operate the acquired strategies.
- Buyers
- Waverly Advisors, LLC
- Targets
- Promus Holdings, LLC
- Sellers
- Promus Holdings, LLC
- Industry
- Financial Services
- Location
- Illinois, United States
- Transaction Type
- Divestiture
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