Minority investment · Activity not yet classified
Carson Group
Transaction overview
Reported completed
Exact closing date not established.
Carson Group reported a strategic investment from Bain Capital, which purchased equity interests from Long Ridge Equity Partners. Ron Carson remained the majority owner, and Long Ridge reports retaining a significant stake. The announced valuation exceeded $1 billion; this was not the investment amount. The exact closing date and ownership percentages were not disclosed.
Selected source-supported transactions; coverage is incomplete. Announcements do not establish completion or that a deal is still pending. Sponsor activity and operating-business transactions are distinct from adviser acquisitions. Unclassified activity is excluded from adviser-only counts.
Source evidence
- Carson Group, A Financial Technology & Services Leader, Selects Bain Capital as Strategic Partner ↗
Bain Capital · Published Jul 14, 2021
Body dateline July14 2021 corroborated by case; page heading July14 2022 conflicts and later Fall2022 naming note is not event date. Equity purchased from Long Ridge; RonCarson retained majority; CWM LLC advisory subsidiary.
- Carson Group: Building A Market-Defining Platform in the Wealth Management Sector ↗
Long Ridge Equity Partners · Publication date not stated
2016 investment and July2021 Bain minority recapitalization; Long Ridge retained significant stake.