Valeas to Acquire Minority Stake in Sequoia


October 24, 2022

On October 19, 2022, Sequoia Financial Group, LLC announced that Valeas Capital Partners will acquire a minority stake in its business.

Under the terms of the transaction, Valeas Capital Partners (“Valeas”) will acquire a minority stake in Sequoia Financial Group, LLC (“Sequoia”). Valeas committed over $200 million to the transaction, which is expected to close on October 31st of this year. Sequoia is backed by Seward & Kissel client Kudu Investment Management, which provides capital solutions to asset and wealth managers. Further terms were not disclosed.

Valeas, based in San Francisco, is growth-oriented private equity firm. Sequoia will be the third company in Valeas’ portfolio and its first investment in the financial services sector.

Sequoia, based in Akron, Ohio, is registered investment advisor that offers financial planning, estate and retirement planning and asset management. Sequoia manages over $10 billion in client assets. Ardea Partners LP served as Sequoia’s exclusive financial advisor.

To read the press release: please click here.

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