Curi to Acquire Majority Stake in RMB Capital, Creating $11B Entity

Why It Matters:

This acquisition is significant as it brings together two prominent firms in the healthcare and investment sectors. It highlights the growing importance of strategic partnerships in the financial industry and the potential impact on clients' investment portfolios.

The Details:

• Curi, a Raleigh-based healthcare advisory firm, will acquire a majority stake in Chicago-based investment firm RMB Capital.

• The financial advisory business unit of Curi, known as Curi Capital, will merge with RMB Capital as part of the agreement.

• The combined entity will have $11 billion in assets under management, indicating substantial growth and expanded capabilities.

• The terms of the deal have not been disclosed, suggesting confidentiality surrounding the financial aspects.

Conclusion:

The agreement between Curi and RMB Capital marks a significant development in the healthcare and investment sectors. With the creation of a new entity managing $11 billion in assets, clients can expect enhanced expertise and services. This partnership highlights the increasing trend of collaboration and consolidation within the financial industry.