Transaction Highlights

Client: Fisher Investment

Type: M&A

Value: US $3 billion

RBC's role: Financial Advisor

Fisher Investments ("FI") announced that Advent International ("Advent") and a wholly owned subsidiary of the Abu Dhabi Investment Authority ("ADIA") have agreed to make a minority investment in Ken Fisher's namesake firm, Fisher Investments. The investment by Advent and ADIA of at least $2.5 billion and up to $3 billion values FI at $12.75 billion.

This landmark transaction represents one of the largest minority stake investments in a private company by a financial sponsor on record. The transaction was part of Ken Fisher's long-term estate planning and allows FI under the leadership of Damian Ornani the ability to continue operating as an independent privately held investment adviser, wealth and asset management firm.

RBC Capital Markets served as financial advisor FI in this transaction.

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