P10 Holdings ( (PX) ) has shared an announcement.
P10, Inc. has announced a definitive agreement to acquire Madrid-based Qualitas Equity Funds, broadening its reach into the European market and adding approximately $1 billion in fee-paying assets under management. This $63 million transaction includes an initial payment in cash and P10 stock, with additional earnout consideration based on future revenues. With the acquisition, P10 aims to enhance its global client base and investment opportunities in the lower-middle market sector. The deal is anticipated to close in the first quarter of 2025, subject to standard closing conditions and regulatory approvals.
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