Armory invests in Capital Guardian

Armory Merchant Holdings has made an undisclosed investment in Capital Guardian Holdings. Backed by Northern Star Capital Holdings, Capital Guardian is a financial services firm.

PRESS RELEASE

NEW YORK–(BUSINESS WIRE)–New York-based portfolio holding company and private equity investor Armory Merchant Holdings (“Armory”) today announced a strategic partnership and investment in Capital Guardian Holdings (“Capital Guardian”).

David Storper, Co-Chief Investment Officer of Armory said, “Capital Guardian is uniquely positioned to be a leading financial services firm offering both company advisors and independent advisors full service wealth management capabilities including RIA, Asset Management, International, Family Office, Trust and Insurance Services, capabilities which have historically been the exclusive domain of the large global banks.”

Added Storper, “Armory will help accelerate Capital Guardian’s geographic growth, as well as internal expansion of its client-focused product and service offerings. My partner, Stephen Smith, Co-Chief Investment Officer of Armory and Co-Founder of Seaport Global, a broker dealer with offices throughout the United States, and the rest of the Armory investment team, has great confidence in Capital Guardian’s new senior executive leadership led by Keith Gregg, CEO, and Rich Moran, President. We see Capital Guardian as an ideal investment for Armory’s patient, interest-aligned, value-added capital strategy.”

Patrick R. LeBedis, Managing Partner and co-Founder of Northern Star said, “The team at Armory, led by David Storper and Stephen Smith, are seasoned industry veterans with long-term vision for the industries and the companies in which they invest and appreciate their confidence in Capital Guardian as demonstrated by their co-investment.” Mr. LeBedis went on to say, “The marriage of global asset management with international retail distribution services and support is a core component of our strategy for Capital Guardian, and this vision is shared by our investment partners at Armory.”

Keith Gregg, CEO of Capital Guardian added, “I am very pleased to have David, Steve and the rest of the Armory team joining us as partners and investors in the future of Capital Guardian, and in the future of our valued clients and employees. Rarely do you see such a unique opportunity and extraordinary value proposition.”

About Capital Guardian Holdings
Capital Guardian is a leader in the Independent Securities Brokerage business and possesses excellent global clearing and custody capabilities due to its relationship with Pershing, a Bank of New York/Mellon subsidiary. Capital Guardian is a diversified hybrid Broker-Dealer, RIA, and Wealth Management firm with corporate offices in New York, Palm Beach, Miami, Naples, and Charlotte. CGH has US$2.5 Billion in AUM. The Firm has a national network of wealth advisors operating from 22 offices in 11 states that serve over 10,000 retail clients. For more information please visit: www.capitalguardianllc.com.

About Northern Star Capital Holdings
Northern Star Capital Holdings, Capital Guardian’s shareholder, is a Family Investment Office focused on Hedge Funds, Private Equity, and Liquid Alternative Investments. Headquartered in New York, with branch offices in Europe and Miami, its Investors include several prominent European, North, and South American families and institutions. With the completion of the Capital Guardian acquisition, AUM in commingled funds and Managed Accounts exceed US$3 Billion. For more information, please visit us at http://www.norstarcap.com/

About Armory Merchant Holdings
Armory Merchant Holdings is a portfolio holding company and private equity investor with a focus on long-only, deep-value, and income-producing investments. Headquartered in New York and Palm Beach, Armory’s Investment Team members have deep experience in private equity, investment banking, asset management and corporate enterprise-building. Armory operates from a fully-integrated institutional platform which includes a broker-dealer with a sophisticated legal, compliance, accounting and administration infrastructure. The Firm is affiliated with Seaport Global Holdings, which is comprised of over 250 professionals, providing a full range of value-added products and services in fixed income, equity, research and distribution. For more information, please visit us at http://www.armorymerchant.com/.