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Emigrant Partners picks minority stake in Koda Capital

Emigrant Partners has acquired a minority stake in Australian independent financial advice firm Koda Capital, which serves high-net-worth (HNW) clients.

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2022: So far In Venture Capital

Global investment in 2022 has been majorly dominated by North America, Europe, and Asia Pacific, whereas the Middle East, and South and Central America have recorded low investments comparatively. In light of this, Europe and North America have been identified as the major destinations for Private Equity and Venture Capital (PE/VC) investments.   GlobalData’s whitepaper analyzes which sectors PE/VC firms have been investing in, looking at Technology, Media, and Telecom, with these sectors recording $356 billion and a deal volume of over 10,000 deals in 2022. Healthcare, Financial Services, Business & Consumer Services, and Construction sectors have also seen high investment activity by PE/VC firms, recording a deal value of over $70 billion each.   But what can this mean for you?   Understand how the Deals Database on GlobalData Explorer can be leveraged to:  
  • Track the Aggregate Investment Volumes in PE/VC-Stage firms across geographies and sectors, in addition to viewing the specific deals that drove these volumes
  • Identify the top investors already active in any sector-Geography combinations
  • Assess the Performance of Financial and Legal Advisors, supporting the Dealmaking in any segment of choice (Customizable League tables)
  • Understand what is driving the PE/VC fundraising (Deal Rationale)
  Consult our full report here and optimize your business strategy.
by GlobalData
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The financial terms of the deal were not disclosed. Koda’s partners will continue to hold 80% of the business.

As a strategic investor, Emigrant Partners will provide Koda with insights and know-how in areas such as technology and operations, financial advisor acquisition strategy and funding, as well as the wealth advice market.

The firm will also offer peer-based networks and professional development for the Koda team.

Additionally, Emigrant Partners will offer growth capital to support Koda’s acquisition strategy and funding structures for equity recycling to support its new equity partners.

Emigrant Partners CEO Karl Heckenberg said: “We are very excited to be joining the Partners of Koda as a minority investor in their business, our first investment outside the US.  Koda has successfully established a high quality independent advice business in the large and growing wealth market in Australia – a market that we see as very attractive.”

Established in 2014, Koda has 39 partners and 28 advisors managing AUD$10bn of client assets.

Koda chairman Steve Tucker said that the investment by Emigrant Partners is the outcome of a strategic review process that began last year to find a strategic partner to support the next phase of growth.

Koda CEO Paul Heath added: “This investment will see Koda double down on independence and staff ownership with our staff continuing to own 80% of the economics of the business.  Koda will also benefit from Emigrant Partners’ investments in 17 highly successful wealth businesses in the US as well as access to growth capital as we continue to attract high quality advisors to the Koda team.”

Last December, Emigrant Partners made a strategic non-voting minority investment in Beaird Harris Wealth Management, a Dallas-based fee-only registered investment adviser with $1.3bn in assets under management.

Free Report
img

2022: So far In Venture Capital

Global investment in 2022 has been majorly dominated by North America, Europe, and Asia Pacific, whereas the Middle East, and South and Central America have recorded low investments comparatively. In light of this, Europe and North America have been identified as the major destinations for Private Equity and Venture Capital (PE/VC) investments.   GlobalData’s whitepaper analyzes which sectors PE/VC firms have been investing in, looking at Technology, Media, and Telecom, with these sectors recording $356 billion and a deal volume of over 10,000 deals in 2022. Healthcare, Financial Services, Business & Consumer Services, and Construction sectors have also seen high investment activity by PE/VC firms, recording a deal value of over $70 billion each.   But what can this mean for you?   Understand how the Deals Database on GlobalData Explorer can be leveraged to:  
  • Track the Aggregate Investment Volumes in PE/VC-Stage firms across geographies and sectors, in addition to viewing the specific deals that drove these volumes
  • Identify the top investors already active in any sector-Geography combinations
  • Assess the Performance of Financial and Legal Advisors, supporting the Dealmaking in any segment of choice (Customizable League tables)
  • Understand what is driving the PE/VC fundraising (Deal Rationale)
  Consult our full report here and optimize your business strategy.
by GlobalData
Enter your details here to receive your free Report.

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