Private equity firm Oak Hill Capital Management LLC agreed to acquire an equity stake in Mercer Advisors Inc. from its current owners Genstar Capital LLC and Lovell Minnick Partners LLC.
Financial terms of the transaction were not publicly disclosed.
Mercer Advisors focuses on the mass affluent and high-net-worth markets, and it currently has more than $16.5 billion in assets under management, according to a news release.
Goldman Sachs & Co. was the lead financial adviser for Mercer, while Moelis & Co. LLC assisted as financial advisers and Willkie Farr & Gallagher LLP was the legal counsel. UBS served as financial adviser to Oak Hill, while Paul Weiss Rifkind Wharton & Garrison LLP served as legal counsel.
