M&AFinancial ServicesSIGNED
A&G and Aurica's US platform makes first two acquisitions
Acquirer
A&G, Aurica JV
Target
Harbor, etc.
The joint venture formed by private bank A&G and venture capital firm Aurica in the US has completed its first two acquisitions. The venture, established in early 2025, was created to co-invest approximately €100 million. These initial deals mark the platform's entry into the market.
✦ Meridian Analysis
Alisios Global Coinvestments, the joint venture created by private‑bank A&G and venture‑capital firm Aurica at the start of 2025, has signed its first two equity investments in the United States. The platform deployed a total of US$9 million, allocating US$5 million to Harbor Education Group – a specialist operator of schools for children with severe autism – together with Excolere Equity Partners, and US$4 million to Deerfield, a marketing agency serving pharmaceutical and biotechnology clients, alongside Martis Capital. Both parties act as co‑investors, contributing capital to the target companies in exchange for minority equity stakes; no lender or issuer is involved in these transactions. The mechanics are straightforward direct equity co‑investments that form the foundation of Alisios’ plan to raise approximately US$100 million to back high‑growth U.S. SMEs, with the current deals representing about one‑tenth of the intended commitment.
This activity follows Aurica’s recent minority‑stake purchase in Fiabilis Consulting Group, which Meridian reported on 7 September.
What remains undisclosed are the valuation multiples applied to Harbor and Deerfield, the exact composition of the broader US$100 million fundraising target, and the identity of any financial advisers supporting the transactions.
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