Investcorp to Acquire Mercury

Mercury Capital Advisors Group, a capital raising and investment advisory firm, has agreed to be acquired by alternative investment giant Investcorp.

As part of the transaction, Mercury will remain an independent business operating under its current management team. The Mercury team will continue to operate from their offices in New York, London, Boston, Chicago, San Francisco, Dubai, New Delhi, Singapore and Tokyo under the direction of co-founders and managing partners Michael Ricciardi, Alan Pardee and Enrique Cuan.

“This partnership is a powerful endorsement of Mercury’s unrelenting commitment both to excellence and to our clients,” said CEO Michael Ricciardi. “We have known the Investcorp team for many years and believe they are the right partners with whom we can expand our capabilities.”

Mercury has been ranked as the top placement agent for private equity by Thompson Reuters Equity and Equity-Related U.S. Private Placement League Table for the last three consecutive years. Mercury maintains relationships with over 2,500 institutional investors across the globe including sovereign wealth funds, corporate and public pension plans, insurance companies, endowments, family offices, foundations, funds of funds and consultants. The firm also has experience in providing advisory services on direct deals and co-investments, joint ventures and secondary transactions, as well as consulting services for general partners. Mercury and its affiliates and distribution partners have over 50 employees in 14 offices across the Americas, Europe, the Middle East and Asia with a headquarters in New York (www.mercurycapitaladvisors.com).

“We are delighted to be partnering with Investcorp while continuing to maintain our independence and ability to work with the world’s leading investors and allocators,” added Mr. Pardee and Mr. Cuan in a released statement. “We look forward to working closely with Investcorp’s businesses that partner with third-party managers through seeding and acquisition of minority stakes as a fascinating enhancement to our already strong, independent global placement agency activities.”

“Our partnership with Mercury is completely in line with Investcorp’s long-term strategy and our mission to serve investors worldwide with an array of attractive opportunities in alternative investments,” said Mohammed Alardhi, executive chairman of Investcorp. “Mercury is well positioned to deliver unique solutions to clients across the globe through its traditional placement capabilities.”

Investcorp is active in alternative investments including private equity, real estate, absolute return investments, and credit management. At year-end 2018 the firm had $22.5 billion of assets under management. Investcorp has more than 400 employees with offices in Bahrain, New York, London, Abu Dhabi, Riyadh, Doha, Mumbai and Singapore (www.investcorp.com).

Mercury was advised by New York-based investment bank Freeman & Co. (www.freeman-co.com).

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

© 2019 Private Equity Professional | June 3, 2019

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