CIVC Partners Announces Strategic Investment in Cary Street Partners Financial
Deal News | Apr 16, 2025 | Ropes & Gray
CIVC Partners, a prominent Chicago-based private equity firm, has entered into a strategic partnership with Cary Street Partners Financial, an independent wealth management firm. The deal, advised by Ropes & Gray, aims to provide Cary Street Partners with enhanced access to institutional capital and foster growth through strategic acquisitions and organic expansion. Additionally, the partnership is structured to bolster the firm's capacity to attract new financial advisors. The Cary Street Board of Directors has endorsed the transaction, and it is anticipated to be finalized post-regulatory approvals. Key advisors from Ropes & Gray played pivotal roles in ensuring the intricate details of the deal, drawing expertise from various specializations including private equity, tax, finance, and cybersecurity.
Sectors
- Private Equity
- Wealth Management
Geography
- United States – CIVC Partners is based in Chicago, and Cary Street Partners operates within the U.S. financial market.
Industry
- Private Equity – CIVC Partners is a private equity firm involved in this strategic investment and partnership.
- Wealth Management – Cary Street Partners operates within the wealth management sector, focusing on financial advisory services.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| CIVC Partners | Investing Company | Company | A Chicago-based private equity firm specializing in high-growth middle market companies. |
| Cary Street Partners Financial | Target Company | Company | An independent wealth management firm receiving investment from CIVC Partners. |
| Ropes & Gray | Legal Advisor | Company | A law firm advising CIVC Partners in the transaction. |
| Matt Richards | Private Equity Partner | Person | A partner at Ropes & Gray specializing in private equity. |
| Aaron Harsh | Tax Partner | Person | A tax partner at Ropes & Gray providing advisory services for the transaction. |
| Matt Jones | Executive Compensation & Employee Benefits Partner | Person | A partner at Ropes & Gray focusing on executive compensation and benefits. |
| Sharon Remmer | Executive Compensation & Employee Benefits Partner | Person | A partner at Ropes & Gray specializing in compensation and benefits. |
| George Raine | Asset Management Partner | Person | A partner at Ropes & Gray in asset management. |
| Brynn Rail | Asset Management Partner | Person | A partner at Ropes & Gray specializing in asset management. |
| Greg Bauer | Finance Partner | Person | A finance partner at Ropes & Gray advising in the transaction. |
| Megan Bisk | Employment Partner | Person | An employment partner at Ropes & Gray focusing on employment matters in the deal. |
| Erica Han | IP Transactions Partner | Person | A partner at Ropes & Gray specializing in intellectual property transactions. |
| Fran Faircloth | Data, Privacy & Cybersecurity Partner | Person | A partner at Ropes & Gray focusing on data, privacy, and cybersecurity. |