Endowus / Carret Private 2022
Endowus acquired Carret Private Investments on October 17, 2022.
- Target
- Carret Private Investments
- Acquirer
- Endowus
- Announced
- October 17, 2022
- Sub-sector
- Wealthtech
Transaction overview
- Endowus announced the acquisition of Carret Private Investments on October 17, 2022.
Strategic rationale
Endowus acquires controlling stake to scale wealth management across Asia, combining digital technology with Carret's ultra-high-net-worth client base and creating one of Asia's largest independent wealth advisers.
Deal terms & multiples
Sources
- straitstimes.com /business/banking/singapore-digital-wealth-start-up-endowus-buys-hong-kongs-carret-private