Mercury Capital Advisors Group has entered into a definitive agreement to be acquired by Investcorp.
“Our partnership with Mercury is completely in line with Investcorp’s long-term strategy and our mission to serve investors worldwide with an array of attractive opportunities in alternative investments,” said Mohammed Alardhi, executive chairman of Investcorp.
As part of the transaction, Mercury Capital will remain an independent business operating under its current leadership team. Terms of the transaction were not disclosed. Subject to receipt of relevant external approvals, the transaction is expected to close in third quarter 2019.
Founded in 2009 by Michael Ricciardi, Alan Pardee and Enrique Cuan, Mercury Capital has closed more than $170 billion in fund commitments since 2003, when the Mercury Capital team was at Merrill Lynch, and maintains relationships with more than 2,500 institutional investors across the globe. The firm has extensive experience in providing advisory services on direct deals and co-investments, joint ventures and secondary transactions, as well as consulting services for general partners. Today Mercury Capital, its affiliates and distribution partners have more than 50 employees in 14 offices across the Americas, Europe, the Middle East and Asia.
The Mercury Capital team will continue to operate from their offices in Boston, Chicago, Dubai, London, New Delhi, New York City, San Francisco, Singapore and Tokyo under the direction of Ricciardi, Pardee and Cuan.
