On October 2, 2020, CC Capital Partners and Motive Partners announced an agreement to acquire Wilshire Associates.
Under the terms of the agreement, CC Capital Partners and Motive Partners will acquire Wilshire Associates (“Wilshire”). Upon closing, Wilshire’s CEO and Chairman, Dennis Tito, and Wilshire’s President and Vice Chairman, John Hindman, will step down from their roles. Jason Schwarz will be President and COO of Wilshire. The transaction is expected to close by the end of 2020, subject to customary closing conditions. Further terms of the deal were not disclosed.
CC Capital, based in New York, is a private investment firm focused on investing in and operating high-quality businesses for the long term.
Motive Partners, based in New York, is a specialist private equity firm focused on growth and buyout investments in technology-enabled financial services companies.
Wilshire, based in California, is a global investment technology and advisory company. Wilshire advises on over $1 trillion in assets and manages $73 billion in assets.
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