PE Deals

Valeas Capital to take minority stake in wealth management firm Sequoia Financial Group

According to the terms of the deal, Valeas will commit more than $200 million to Sequoia.

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  • The capital infusion will be used by Sequoia for growth
  • Ardea Partners LP served as financial advisor to Sequoia
  • The transaction is expected to close on October 31, 2022

Valeas Capital Partners has agreed to acquire a minority stake in Sequoia Financial Group, a wealth management firm. According to the terms of the deal, Valeas will commit more than $200 million to Sequoia.

The capital infusion will be used by Sequoia for growth.

The transaction is expected to close on October 31, 2022.

“Sequoia has a proven strategy and a strong, client-centric culture,” said Rob Little, co-founder and managing partner of Valeas Capital Partners, in a statement. “We are thrilled to partner with Tom and Sequoia’s extremely talented team.”

Rob Little and Ed Woiteshek, the co-founders of Valeas, will serve on the Sequoia board of directors upon closing of the transaction. They launched Valeas in 2021 and previously worked together at Hellman & Friedman. Sequoia will be the firm’s third portfolio company and first in the financial services sector.

Ardea Partners LP served as financial advisor to Sequoia whiole Benesch, Friedlander, Coplan & Aronoff LLP and Alston & Bird LLP served as legal advisors. Cohen & Company served as tax advisors to Sequoia. Kirkland & Ellis LLP served as legal advisor to Valeas.

Sequoia Financial Group was founded in 1991. Sequoia has about $10 billion in client assets.