Osaic Acquired by Ares | Financial Services M&A Deal

Ares has completed the acquisition of Osaic, a wealth management ria business in the United States, for $2bn. Osaic provides wealth management services through registered investment adviser platforms, supporting financial advisors and client portfolios across U.S. markets. Ares acquisitions in financial services M&A focus on scaling Osaic’s RIA capabilities and expanding distribution for wealth management ria acquisition. The recapitalisation acquisition was closed as a private equity acquisition backed by Reverence Capital Partners continuation capital, with $355m and $180m components reported in deal funding. Terms were structured as a continuation fund and recapitalisation, with additional capital commitments totaling $446m and other amounts reported, led by a Lexington-led vehicle.