Fisher Investments and Advent International Deny Acquisition Talks Despite Wall Street Journal Report

Fisher Investments and Advent International Deny Acquisition Talks Despite Wall Street Journal Report

Amidst speculation fueled by a Wall Street Journal report, Fisher Investments and Advent International explicitly stated that they are not engaged in any discussions regarding a potential acquisition. The initial report suggested that Advent was contemplating acquiring Fisher Investments, a claim dismissed by both parties involved.

An Advent spokesperson affirmed to Reuters that there are no ongoing negotiations for the purchase of Fisher Investments. Additionally, Fisher Investments, led by billionaire Ken Fisher, refuted the Wall Street Journal’s assertions, branding the report as “false” and clarifying that they are not in any form of sales discussions with Advent International or any other entity.

As of December 31, Fisher Investments, known for managing funds for both individual and institutional investors, boasted assets under management surpassing $236 billion, as per the information available on its website.