Harbourfront Wealth agrees C$1.775bn investment from Berkshire Partners

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โดย Private Banker International·Read original
Summary · why it matters

Harbourfront Wealth Group has signed a definitive deal for an investment from Boston-based private equity firm Berkshire Partners that values the Canadian wealth manager at C$1.775 billion. Current capital partner Audax Private Equity will retain a sizeable stake after the transaction closes, which is expected in the second half of 2026 subject to customary conditions and regulatory clearances. Vancouver-based Harbourfront oversees more than C$22 billion in assets under administration, employs 600 people, and serves clients through over 60 offices across Canada. Since Audax first invested in 2022, Harbourfront's AUA has grown more than fivefold through organic expansion, adviser hiring, M&A, and technology spending, including five acquisitions since 2023.

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Off-coverage companies 3

Harbourfront Wealth GroupPrivate▲ Positive
Capitalrelevance

Harbourfront Wealth Group receives a C$1.775bn investment from Berkshire Partners, valuing the company at that amount.

Audax Private EquityPrivate▲ Positive
Capitalrelevance

Audax Private Equity retains a sizeable stake after the deal, indicating a positive outcome from its prior investment.

Berkshire PartnersPrivate▲ Positive
Capitalrelevance

Berkshire Partners is making a C$1.775bn investment in Harbourfront, a positive capital deployment.

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