Onex’s Investment in Wealth Enhancement Group

Fried Frank acted as counsel to Onex Corporation in the transaction.

Onex Corporation (Onex) announced its investment, which also includes Onex Partners V and certain Onex co-investors, in Wealth Enhancement Group (WEG), a wealth management firm with nearly US$40.2 billion in client assets. Upon completion of the transaction, which is expected later this year, Onex will join WEG’s current institutional shareholder, TA Associates, as equal capital partners.

Wealth Enhancement Group is a Greater Minneapolis-based independent wealth management firm offering comprehensive and customized financial planning and investment management services. Founded in 1997, Wealth Enhancement Group serves clients nationwide. 

Founded in 1984, Onex manages and invests capital on behalf of its shareholders, institutional investors and high net worth clients from around the world.

The Fried Frank team was led by corporate partner David L. Shaw (Picture) and included corporate partners Daniel J. Bursky, Mark Hayek, and Ezra Schneck; antitrust and competition partners Nathaniel L. Asker and Tobias Caspary; executive compensation & ERISA partner Jeffrey Ross; intellectual property and technology partner Jason L. Greenberg; litigation partner Peter L. Simmons; tax partner Alan S. Kaden; litigation special counsel Michael A. Kleinman; tax special counsel Ryan L. Conley; corporate associates Andrew Charpentier, Moshe A. Cohen, Chelsea C. Lomprey, and Joanna D. Rosenberg; antitrust and competition associate Annalie Grogan; executive compensation & ERISA associates Adam P. Cohen and Matthew Rutchik; intellectual property and technology associates Justin P. Charles and Kimberly Mihovics; litigation associates Patrick J. Albergo and Agatha I. Erickson; tax associate Karen Li; and corporate law clerk Shelton E. Taylor.

Involved fees earner: Patrick Albergo – Fried Frank Harris Shriver & Jacobson; Nathaniel Asker – Fried Frank Harris Shriver & Jacobson; Daniel Bursky – Fried Frank Harris Shriver & Jacobson; Tobias Caspary – Fried Frank Harris Shriver & Jacobson; Justin Charles – Fried Frank Harris Shriver & Jacobson; Andrew Charpentier – Fried Frank Harris Shriver & Jacobson; Moshe Cohen – Fried Frank Harris Shriver & Jacobson; Adam P. Cohen – Fried Frank Harris Shriver & Jacobson; Ryan Conley – Fried Frank Harris Shriver & Jacobson; Agatha Erickson – Fried Frank Harris Shriver & Jacobson; Jason Greenberg – Fried Frank Harris Shriver & Jacobson; Annalie Grogan – Fried Frank Harris Shriver & Jacobson; Mark Hayek – Fried Frank Harris Shriver & Jacobson; Alan Kaden – Fried Frank Harris Shriver & Jacobson; Michael Kleinman – Fried Frank Harris Shriver & Jacobson; Karen Li – Fried Frank Harris Shriver & Jacobson; Chelsea Lomprey – Fried Frank Harris Shriver & Jacobson; Kimberly Mihovics – Fried Frank Harris Shriver & Jacobson; Joanna Rosenberg – Fried Frank Harris Shriver & Jacobson; Jeffrey Ross – Fried Frank Harris Shriver & Jacobson; Matthew Rutchik – Fried Frank Harris Shriver & Jacobson; Ezra Schneck – Fried Frank Harris Shriver & Jacobson; David Shaw – Fried Frank Harris Shriver & Jacobson; Peter Simmons – Fried Frank Harris Shriver & Jacobson;

Law Firms: Fried Frank Harris Shriver & Jacobson;

Clients: Onex Corporation;

Martina Bellini

Author: Martina Bellini