Hellman & Friedman to Acquire Edelman Financial Services

October 21, 2015

On October 12, Edelman Financial Services LLC announced that it had entered into a definitive agreement to be acquired by certain affiliates of Hellman & Friedman LLC.

Edelman Financial Services LLC (“Edelman”) provides financial planning, investment management, 401(k) plan services to individuals, families and businesses. Edelman currently manages over $15 billion in assets. Hellman & Friedman LLC (“H&F”) is a private equity firm with offices in San Francisco, New York and London that has raised over $35 billion of capital since its founding in 1984.

H&F will own a majority of Edelman, joining Edelman’s senior management in the ownership of Edelman, which includes the largest individual shareholder Ric Edelman, and Lee Equity Partners, the current majority owner. Edelman and H&F are currently conducting a search for a new CEO to allow Ric Edelman to better focus on his responsibilities as its Executive Chairman.

The terms of the transaction were not disclosed.

To read the press release: please click here.


Investment Manager M&A, Private Equity M&A, Transactions