Mercer Advisors Announces Recapitalization and Acquisition of Equity Stake in Mercer by Oak Hill Capital

September 17, 2019

Willkie represented Genstar Capital and Mercer Advisors in the transaction, which will offer significant additional capital to support investments in the expanding client offering and Mercer’s momentum as a leading RIA platform.

On September 17, Mercer Advisors, a national Registered Investment Adviser (RIA) with assets under management (AUM) exceeding $16.5 billion, announced a recapitalization whereby Oak Hill Capital will acquire an equity stake in the company from current private equity owners Genstar Capital and Lovell Minnick Partners. The transaction will offer significant additional capital to support investments in the expanding client offering and Mercer’s momentum as a leading RIA platform, while Genstar will remain involved as strategic partner. Willkie represented Genstar Capital and Mercer Advisors in the transaction.

Mercer Advisors is one of the largest independent wealth managers in the U.S., serving clients with a focus on the mass affluent and high net-worth markets. Based in Denver, Mercer Advisors has a national footprint with 44 offices and over 370 employees. Oak Hill Capital is a private equity firm managing funds with approximately $15 billion of initial capital commitments and co-investments since inception. Oak Hill Capital applies an industry-focused, theme-based approach to investing in the following sectors: Consumer, Retail & Distribution; Industrials; Media & Communications; and Services.

With approximately $17 billion in assets under management, Genstar Capital is a San Francisco-based private equity firm focused on targeted segments of the financial services, healthcare, industrial technology and software industries. Lovell Minnick Partners is a private equity firm focused on investments in the global financial services industry, including related technology and business services companies. Since its inception in 1999, Lovell Minnick Partners has become a leader in their chosen space, raising $3.3 billion of committed capital from leading institutional investors including public and private pensions, insurance companies, endowments and foundations.

The Willkie team was led by partners Jeffrey Poss and Manuel Miranda and included associates Halie Klein, Thomas Sharkey and Augustine Donati.