NEW YORK–(BUSINESS WIRE)–Mercury Capital Advisors Group, L.P. (“Mercury”), one of the world’s
elite institutional capital raising and investment advisory firms
specializing in alternative investments, today announced that it has
entered into a definitive agreement to be acquired by Investcorp, a
leading global provider and manager of alternative investment products.
As part of the transaction, Mercury will remain an independent business
operating under its current leadership team. Terms of the transaction
were not disclosed, and subject to receipt of relevant external
approvals the transaction is expected to close in the third quarter of
2019.
Founded in 2009 by Michael Ricciardi, Alan Pardee and Enrique Cuan,
Mercury has closed over $170 billion in fund commitments since 2003,
when the Mercury team was at Merrill Lynch, and maintains relationships
with over 2,500 institutional investors across the globe. The firm has
extensive experience in providing advisory services on direct deals and
co-investments, joint ventures and secondary transactions, as well as
consulting services for general partners. Today Mercury, its affiliates
and distribution partners have over 50 employees in 14 offices across
the Americas, Europe, the Middle East and Asia.
“This partnership is a powerful endorsement of Mercury’s unrelenting
commitment both to excellence and to our clients,” said Michael
Ricciardi, CEO, Managing Partner and Co-Founder of Mercury. “We have
known the Investcorp team for many years and believe they are the right
partners with whom we can expand our capabilities. We are particularly
excited about what this partnership means for Mercury’s outsourced CIO
platform and partnership with other asset managers and family offices.”
“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 Alan Pardee and Enrique Cuan, Managing
Partners and Co-Founders of Mercury. ”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,” they said.
“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.”
Mercury has deep relationships with a broad range of the world’s
preeminent institutional investors, including sovereign wealth funds,
corporate and public pension plans, insurance companies, endowments,
family offices, foundations, funds of funds and consultants. In
addition, Mercury provides the registered investment advisor (“RIA”)
community, family offices, and other wealth advisors transparent
institutional pricing and exclusive access to leading-edge alternatives.
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, CEO, Alan Pardee and Enrique Cuan.
Mercury Capital Advisors offers exclusive access to curated,
leading-edge alternative investments to nearly 2,500 institutional
investors globally, including around 200 investors based in Asia. To
date, the firm has raised 14 oversubscribed funds in Asia,
consecutively, as of the end of 2018. Mercury has been ranked the #1
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 was advised by Freeman & Co. and was represented for legal
counsel by Clifford Chance US LLP. Investcorp was represented by Gibson,
Dunn & Crutcher LLP.
About Mercury Capital Advisors
Since 2003, professionals at Mercury Capital Advisors Group, LP have
executed more than 100 mandates, raising in excess of $170 billion from
pre-eminent institutional investors spanning the globe. The firm has 14
offices through its affiliates and distribution partners in the United
States, Europe, Asia, Latin America and the Middle East.
About Investcorp
Investcorp is a leading global manager of alternative investments. Led
by a new vision, Investcorp has embarked on an ambitious, albeit
prudent, growth strategy. The Firm continues to focus on generating
value through a disciplined investment approach in four lines of
business: private equity, real estate, absolute return investments and
credit management.
As of December 31, 2018, Investcorp had US$22.5 billion in total AUM,
including assets managed by third party managers and assets subject to a
non-discretionary advisory mandate where Investcorp receives fees
calculated on the basis of AUM.
Since its inception in 1982, Investcorp has made over 185 Private Equity
deals in the U.S., Europe, the Middle East and North Africa region and
Asia, across a range of sectors including retail and consumer products,
technology, business services and industrials, and more than 600
commercial and residential real estate investments in the US and Europe,
for in excess of US $59 billion in transaction value.
Investcorp employs approximately 400 people across its offices in
Bahrain, New York, London, Abu Dhabi, Riyadh, Doha, Mumbai and
Singapore. For further information, including our most recent periodic
financial statements, which details our assets under management, please
refer to:
Website: www.investcorp.com
Twitter:
www.twitter.com/Investcorp
@investcorp
LinkedIn: www.linkedin.com/company/Investcorp
Contacts
Mercury
Phil Denning
ICR, Inc.
646-277-1258/ [email protected]
Investcorp
Firas El Amine
+973 3998 7838
[email protected]
Prosek Partners
Catherine Johnson
+1 212 279 3115
[email protected]
