H&F Agrees to Buy Edelman Financial Services from Lee Equity
October 14, 2015
Hellman & Friedman has reached an agreement to acquire financial planning firm Edelman Financial Services from Lee Equity Partners; as part of the deal, which reportedly values the company at over $800 million, Lee Equity and management will retain minority ownership stakes. Edelman Financial manages approximately $15 billion for more than 28,000 clients via 41 offices across the U.S. and online. Lee Equity acquired the company through a take-private buyout in 2012.