United States

Aperio equity sale: What does it mean?


Download flash memo

Aperio Group, LLC recently announced, San Francisco-based private equity firm, Golden Gate Capital (GGC) plans to acquire an 85 percent majority equity stake in the firm. The purpose of the transaction is to provide liquidity and solidify the firm’s succession plan for Patrick Geddes, chief executive officer and chief tax strategies, and Paul Solli, chief marketing and strategy officer, the two remaining co-founders.

While the ownership structure is material, we view the motivations and outcome of the transaction favorably. Partnering with GGC as a long-term, strategic partner allows Aperio to reinforce its long-term succession plan for its two remaining co-founders. Further, GGC is viewed as a passive investment partner with an evergreen investment horizon. In similar transactions, GGC has held its ownership stake for well over 10 years. Additionally, Aperio’s day-to-day operations and investment processes will not be impacted as result of this new partnership. For these reasons, RSM US Wealth Management LLC recommends no action at this time.

Wealth Management Services Disclosure

How can we help you?

To discuss how our team can help your business, contact us by phone 800.274.3978 or