NewsCorporate ActionsEquirus Group Merges with Sapient Finserv, Creating ₹35,000 Crore AUM Wealth Management PlatformEquirus Group Merges with Sapient Finserv, Creating ₹35,000 Crore AUM Wealth Management Platform
Equirus Group and Sapient Finserv Group have merged through an equity swap deal, creating a wealth management platform with ₹35,000 crore in assets under management (AUM). The combined entity aims to be among India's top 10 non-bank independent wealth managers. Sapient Finserv contributes ₹13,500 crore AUM and a monthly SIP book of ₹65 crore. The merged platform will operate through Equirus Wealth and Equirus Family Office verticals. Sapient's founders will join Equirus Wealth's leadership team and board. This marks Equirus Group's third acquisition in 12 months, following deals with Raghnall Insurance Broking and Credence Family Office. Equirus Group has also obtained an NBFC license from RBI.
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Equirus Group has announced a significant merger with Sapient Finserv Group through an equity swap deal, creating a formidable wealth management platform with ₹35,000 crore in assets under management (AUM). This strategic move positions the combined entity among India's top 10 non-bank independent wealth managers, marking a substantial development in the financial services sector.
Key Highlights of the Merger
| Aspect | Details |
|---|---|
| Combined AUM | ₹35,000 crore |
| Sapient's Contribution | ₹13,500 crore AUM |
| Monthly SIP Book | ₹65 crore |
| Target AUM | ₹50,000 crore |
| Equirus's Capabilities | 35 equity analysts, PMS strategies, venture funds |
Strategic Implications
The merger brings together complementary strengths, with Pune-headquartered Sapient Finserv contributing a significant ₹13,500 crore in AUM and a monthly Systematic Investment Plan (SIP) book of ₹65 crore. This consolidation is expected to enhance the platform's market position and service offerings.
Leadership Integration
As part of the deal, Sapient's founders, Amit Bivalkar and Pallav Bagaria, will join Equirus Wealth's leadership team and board. This integration of experienced professionals is likely to strengthen the combined entity's management capabilities.
Operational Structure
The merged platform will operate through two main verticals:
- Equirus Wealth
- Equirus Family Office
These verticals are designed to cater to a diverse clientele, including high net worth individuals (HNIs), ultra-HNIs, and family offices.
Expansion Strategy
This merger represents Equirus Group's third acquisition in the past 12 months, following deals with:
- Raghnall Insurance Broking
- Credence Family Office
Additionally, Equirus Group has recently obtained an NBFC license from the Reserve Bank of India, enabling it to offer financing services alongside its wealth management offerings.
Sapient Finserv's Profile
| Aspect | Details |
|---|---|
| Founded | 2009 |
| Client Base | Over 45,000 |
| Strong Presence | Maharashtra and North-East |
Equirus Group's Background
Equirus Group boasts a strong pedigree, backed by notable investors including Rakesh Jhunjhunwala, Amicus Capital, and Federal Bank. The group has a track record of completing over 315 transactions and raising $15 billion across various sectors over its 18-year history.
This merger signifies a significant consolidation in the Indian wealth management sector, potentially reshaping the competitive landscape and offering clients a more comprehensive suite of financial services.
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