Thoma Bravo makes move into financial advice with Segall Bryant & Hamill

  • Segall Bryant & Hamill manages equity, fixed income portfolios
  • Thoma Bravo sees ‘excellent opportunity for future growth’
  • Minneapolis-based Dougherty Financial owns stake in Segall Bryant

As part of the deal, Segall Bryant & Hamill will also buy the stake in itself owned by Minneapolis-based Dougherty Financial Group.

The deal fits Thoma Bravo’s profile of a platform investment for future add-on acquisitions, according to a person familiar with the firm. Thoma Bravo officials declined to comment.

Carl Thoma, managing partner of Thoma Bravo, said in a prepared statement Segall Bryant & Hamill’s record and experienced investment team drew interest

“For nearly 20 years, Segall Bryant & Hamill has recruited top talent and established strong client relationships, providing an excellent opportunity for future growth,” Thoma said. The deal is expected to close in the first quarter of 2014.

“We are excited to have their support as Segall Bryant & Hamill continues to build its brand for attracting high quality investment professionals and providing consistent investment results for our clients,” Philip Hildebrandt, the company’s chief executive officer, said in a prepared statement.