Audax Private Equity Recapitalizes Congress Wealth Management
April 28, 2023
Audax Private Equity completed a strategic recapitalization of Congress Wealth Management, partnering with management as CI Financial sold its stake. Bain Capital Credit provided a senior credit facility to support Audax's investment; the transaction will support Congress' organic growth and buy‑and‑build expansion of its wealth management platform, which manages over $5 billion in client assets and serves roughly 2,300 HNW and family office clients.
- Buyers
- Audax Private Equity
- Targets
- Congress Wealth Management
- Sellers
- CI Financial
- Industry
- Financial Services
- Location
- Massachusetts, United States
- Transaction Type
- Recapitalization
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