Walter Capital acquires portfolio manager Evovest
Centered in financial services, the transaction brings Walter Capital an asset-management platform focused on quantitative portfolio management within a data-heavy investing niche.
Walter Capital acquired portfolio manager Evovest, asset management using machine learning and artificial intelligence.
The deal is a platform investment for Walter Capital in the financial services sector, not an add-on to an existing operating company.
Its disclosed business profile centers on portfolio-management strategies and related investment capabilities, with no customer category, geography or operating scale provided.
Terms were not disclosed for the platform investment.
No seller, financing source, valuation, revenue, EBITDA, employee count, locations or prior ownership history was identified.