Stout, a leading global investment bank and advisory firm, today announced that Audax Private Equity (“Audax”) has agreed to make an investment alongside Stout’s employee shareholders to support future growth. As part of the transaction, existing Stout shareholders will maintain a meaningful equity stake in the firm and the Stout management team will continue to lead the company. The transaction is subject to customary closing conditions and is expected to close in the fourth quarter of 2021.
For more than 30 years, Stout has advised clients in the areas of corporate finance, valuation, financial disputes, and investigations. The firm has approximately 600 associates located throughout 23 offices in the U.S., Europe, and Asia. The firm ranks as a top fairness opinion provider and has earned the highest client satisfaction rating in its industry. Its continuous commitment to quality is the reason Stout has been hired by more than two-thirds of the Fortune 500 companies and top 100 global private equity firms, as well as more than 75 of the United States 100 largest law firms.
Craige Stout, Chief Executive Officer of Stout, commented, “This partnership marks the next chapter in the long-term growth of Stout. We are excited to join the Audax family and I am grateful for their confidence in Stout and our ability to continue our growth trajectory. Most importantly, I, along with co-founders Jeff Risius and John Ross, wish to thank our Stout colleagues who have worked tirelessly to make this firm a success.”
Read more/Source: PRNewswire
