M and A
Deals Of The Day: The Latest In Wealth Management M&A – Capnor, Calista Direct Investors
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The latest mergers, acquisitions and other corporate actions in the wealth management sector.
Capnor
Capnor, a family-backed
private equity investment firm, has acquired Calista Direct
Investors, a Luxembourg-based private equity/venture
capital-focused advisory and co-investment firm.
The deal – the terms of which were not disclosed –
builds on Capnor’s earlier investment in Calista in February
2025. At the time, Capnor took a majority stake in Calista.
Formed in early 2021, Calista's services,
which include sourcing deals, structuring,
monitoring and advice on direct investments, are aimed
at single-family offices and entrepreneurs. After launching
a dedicated London office, it welcomed former Grosvenor Estate
chief investment officer Ian Prideaux as UK director.
Following the acquisition, announced last Friday, a platform
dedicated to direct investment and elected private equity funds
has been created.
Capnor’s founder and CEO Louis De Clercq will continue to
lead the business, and its founder, Rajaa Mekouar, is remaining
as part of the leadership team alongside the CEO.
Capnor retains all current Calista employees and will incorporate
the firm’s existing offices into Luxembourg and London, in
addition to its headquarters in Brussels.