M and A
Corient Keeps Up M&A Momentum, Acquires $3.5 Billion MFO

In case anyone thought it was safe to take their eye off Corient, the Miami-based firm is back yet again with an acquisition.
Miami-headquartered Corient, which this week announced that it was buying two European multi-family offices, shows no sign of slowing down its M&A enthusiasm. Yesterday, it announced that it has acquired Breed’s Hill Capital, a Boston-based MFO with about $3.5 billion in assets under management.
The transaction, the financial terms of which were not disclosed, will expand Corient’s presence in New England, among other effects, Corient said.
Breed’s Hill Capital, which was founded in 2013 by John J Edwards, mainly serves ultra-high net worth families.
“Their extensive experience in managing the complexities of very wealthy clients and their relentless commitment to excellence make them a natural fit for Corient. As part of the Corient Partnership, John and his team can significantly enhance the services offered to their clients while deepening our firm’s expertise and roots in New England,” Kurt MacAlpine, partner and CEO of Corient, said.
Cambridge International Partners LLC served as financial advisor and Mintz served as legal counsel to Breed’s Hill Capital.
As of July 31, Corient had $216 billion in client assets.