PE firm takes stake in Signet Financial

Merchant Investment Management, a New York-based private equity firm, has taken a minority stake in Signet Financial Management, a Parsippany, New Jersey-based registered investment advisory firm managing $850 million.

Terms of the deal, Merchant’s first this year, were not disclosed.

The investment will help Signet continue its efforts to grow, which focus on attracting breakaways, the firm’s CEO, Eugene Yashin, said in a release.

[More: Private equity’s unquenchable thirst for wealth management]

The post PE firm takes stake in Signet Financial appeared first on InvestmentNews.

You May Also Like

Leave a Reply

Your email address will not be published. Required fields are marked *