The latest wealth management mergers and acquisition deals in North America.

EisnerAmper, TowerBrook
TowerBrook Capital Partners, the US investment firm, has taken a strategic stake in US and international consultancy EisnerAmper for an undisclosed sum. 

EisnerAmper operates in a number of business sectors, including asset management, financial services and private equity. It has expanded internationally in recent years, opening offices in the UK and Singapore (see a related article here).  

“TowerBrook's significant capital infusion will help drive EisnerAmper's long-term growth initiatives, which include accelerating the evolution of service offerings, investing considerably in talent and technology, and strategically expanding via organic growth and targeted mergers and acquisitions - all directed at exponentially enhancing client service,” EisnerAmper said. 

Deutsche Bank Securities acted as sole financial advisor to EisnerAmper and has provided committed debt financing in support of the transaction. 

EisnerAmper traces its origins to the combination in 2010 of Amper, Politziner & Mattia LLP. Each predecessor firm had been providing audit, tax and advisory services since the mid-1960s.

MSCI
MSCI, which provides indices and other measures of investment performance, has agreed to buy Real Capital Analytics for $950 million, a business focused on the real estate business.

The transaction highlights how measurement of the performance of “real assets” such as property is important. Such assets are a traditionally important asset holding for wealth management clients.

Founded in 2000, Real Capital Analytics is a private company. It provides intelligence on market pricing, capital flows and investment trends in more than 170 countries. 

MSCI said it will use Real Capital Analytics’ database of more than $20 trillion of commercial property transactions linked to over 200,000 investor and lender profiles, enhancing MSCI’s existing commercial real estate capabilities.