About This Deal
Affiliated Managers Group acquired Abax Investments, a transaction completed in December 2015, structured as cash (terms not disclosed). The deal was a Minority-stake investment.
Abax Investments operates in South African equity, is based in Cape Town, South Africa. On December 18, 2015 AMG completed a minority investment in Abax Investments (Pty) Ltd, a South African investment manager.
Consistent with AMG's partnership model, the Affiliate's management retains equity and operating autonomy while AMG provides permanent capital, global distribution and strategic resources.
Deal Terms
Acquirer
Affiliated Managers Group
Target
Abax Investments
Value
Not disclosed
Date
December 2015
Type
Minority-stake investment
Status
Ready
Transaction Details
Target HQ
Cape Town, South Africa
Segment
South African equity
Structure
Cash (terms not disclosed)
Announced
December 18, 2015
Closed
December 18, 2015
In Their Words
completed minority investments in Abax Investments (Pty) Ltd on December 18, 2015Affiliated Managers Group, FY2015 Form 10-K
Advisors
Advisory firms were not disclosed for this transaction.
Related Deals & Entities
Sources:
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