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June 15, 2022

Lido Advisors bolsters wealth management platform with latest deal

US-based registered investment adviser (RIA) Lido Advisors has acquired Enterprise Trust & Investment Company (ETIC) in a strategic deal to further bolster its wealth management platform.

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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
Enter your details here to receive your free Report.

Financial terms of the deal were not disclosed. It is expected to close in the third quarter of this year, subject to regulatory approvals.

Founded in 1995 California-based ETIC offers private trustee services and investment management to high-net-worth (HNW) individuals and families, local foundations, and endowments.

The firm is said to manage around $800m in assets.   

The addition of ETIC is expected to Lido to enhance its wealth planning process which is designed to help clients grow, protect, and maximise their wealth.

Lido CEO Jason Ozur said: “Our partnership with ETIC further solidifies that commitment by enabling personal trust services for all of our clients. We are incredibly impressed by ETIC and their management team, and the potential value they can bring to our platform and clients is truly exciting.”

Commenting on the deal, ETIC president and CEO Marc Rebboah added: “The core of ETIC’s vision has always been to provide our clients with an unparalleled level of personalized attention and act in their sole best interest to protect their assets.

“Lido shares our vision and commitment to excellence, while bringing significant resources and highly complementary expertise. We look forward to a long and successful partnership.”

Alston & Bird provided legal counsel to Lido Advisors. Piper Sandler offered exclusive financial advisor to ETIC while Manatt, Phelps & Phillips served as its legal counsel.

Last year, Lido Advisors made a strategic minority investment in middle-market private investment firm Charlesbank Capital Partners.

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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