Reverence Capital Partners’ Acquisition Of Advisor Group, Inc.


Barclays Capital served as financial advisor and Simpson Thacher acted as legal counsel to Advisor Group. Kirkland and Ellis LLP acted as legal counsel to Reverence Capital in connection with the transaction and Davis Polk & Wardell LLP acted as legal fund counsel to Reverence Capital in connection with syndication of the transaction.

Reverence Capital Partners, a private investment firm focused on investing in financial services businesses, acquired Advisor Group Inc., a leading independent wealth management platform, which supports over 7,000 financial advisors with $268 billion of client assets.

Under terms of the agreement, Reverence Capital will purchase 75% of Advisor Group.

The Kirkland team was led by transactional partners Mark Fennell (Picture), Kevin Mausert and Maggie Flores, secured lending partners Jocelyn Hirsch and Andrew Idrizovic, and investment management partner Scott Moehrke.

Involved fees earner: Mark Fennell – Kirkland & Ellis; Maggie Flores – Kirkland & Ellis; Jocelyn Hirsch – Kirkland & Ellis; Andrew Idrizovic – Kirkland & Ellis; Kevin Mausert – Kirkland & Ellis; Scott Moehrke – Kirkland & Ellis;

Law Firms: Kirkland & Ellis;

Clients: Reverence Capital Partners;

Author: Ambrogio Visconti