Bengaluru: Goldman Sachs Group Inc on Thursday agreed to buy boutique wealth management firm United Capital Financial Partners Inc for $750 million in its biggest deal since the financial crisis. The deal, which comes just seven months after CEO David Solomon took the helm, also gives Goldman several thousand affluent and high net worth clients, a wealth bracket the bank currently does not serve. Joe Duran, founder and CEO of United Capital, will join Goldman Sachs, the companies said. Goldman Sachs is the financial adviser and Fried, Frank, Harris, Shriver & Jacobson LLP the legal adviser to Goldman Sachs. Moelis & Co advised United Capital, while Kilpatrick Townsend & Stockton LLP was its legal adviser.

Source: Mint May 16, 2019 13:17 UTC