Morgan Stanley Wins SPS Commerce $2.1B Sale Mandate, Adds $1B AUM Teams
MS•Morgan Stanley’s Merrill Lynch unit added three father-son advisory teams managing over $1 billion in assets within its wealth management division. The bank also secured a mandate advising SPS Commerce on a potential $2.1 billion sale and upgraded CDW to overweight with a $170 price target.
1. Merrill Lynch Hires Advisory Teams
Morgan Stanley’s wealth management arm, Merrill Lynch, has onboarded three father-son advisory teams collectively bringing over $1 billion in client assets. This expansion aims to bolster its high-net-worth client offerings and deepen advisory revenue streams.
2. Appointed Advisor for SPS Commerce Sale
Morgan Stanley has been appointed as lead advisor for SPS Commerce’s strategic review, overseeing a potential sale process for the $2.1 billion market cap supply chain software provider. The mandate is expected to attract multiple private equity bidders, positioning MS for meaningful transaction fee income.
3. Equity Research Upgrade on CDW
The firm’s equity research team upgraded CDW shares to an overweight rating and raised its price target to $170 from $142. Analysts cited resilient enterprise server demand, AI infrastructure needs, and a $1 billion share repurchase program as key catalysts.
