Charlesbank Capital Partners, a middle-market private investment firm, has agreed to become a significant investor in Lido Advisors LLC alongside its founders and management team.
Founded in 1999 and headquartered in Los Angeles, Lido is a full-service, independent registered investment advisor that brings a family office investment approach to its clients’ assets.
“We couldn’t be more excited to partner with Charlesbank at this pivotal time for Lido and, more importantly, for our clients,” said Jason Ozur, Lido’s chief executive officer. “With Charlesbank at our side, our unparalleled investment and wealth planning solutions will continue to expand, both in breadth and scope, all to the benefit of our clients.”
“We take pride in cultivating trusted relationships with our clients and are thrilled that we found a strategic and financial partner who supports our mission and differentiated approach,” said Ken Stern, Lido’s president. “I am delighted about our partnership with Charlesbank, and I believe this will enable all of us at Lido to deliver an even more exceptional client experience,” concluded Greg Kushner, Lido’s founder and chairman.
“We are thoroughly impressed by Lido’s client-first approach and differentiated capabilities and feel privileged to partner with this talented management team as they continue to build Lido into the premier independent wealth management platform,” said Michael Choe, managing director and CEO of Charlesbank. “Lido has proven to be an unparalleled home for clients and financial advisors alike, and we are excited to leverage our experience and network to accelerate its organic growth and M&A strategy.”
Piper Sandler & Co. served as strategic and financial advisor to Lido. Sheppard, Mullin, Richter & Hampton LLP and Herrick Feinstein LLP served as legal counsel to Lido. Ardea Partners LP served as financial advisor to Charlesbank. Ropes & Gray LLP and Alston & Bird LLP served as legal counsel to Charlesbank.