Investcorp acquires Mercury Capital Advisers

Mercury will remain an independent business operating under its current leadership team.

Investcorp has been acquiring stakes in companies in a bid to reach $50bn in assets under management (AUM). As of December 2018, Investcorp had $22.5bn AUM.

This is the last acquisition in the strategy, according to a statement. In 2017, it acquired the credit business of 3i Group (now Investcorp Credit Management), adding $11bn to its AUM. In 2018, it acquired a minority stake in Switzerland-based Banque Paris Bertrand.

Following the transaction, the firm plans to develop partnerships with asset managers and family offices, and work with Investcorp's businesses that partner with third party managers through seeding and acquisition of minority stakes.

Mercury provides advisory services on direct deals and co-investments, joint ventures and secondary transactions, as well as consulting services for GPs. Since its inception in 2003, the company has raised more than $170bn from institutional investors.

The transaction is expected to close in the third quarter of 2019.

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