About This Deal

Affiliated Managers Group acquired Aston Asset Management (via Highbury Financial), a transaction completed in April 2010, structured as AMG common stock. The deal was a Majority-stake investment.

Aston Asset Management (via Highbury Financial) operates in Sub-advised mutual funds, is based in Chicago, IL. On April 15, 2010 AMG completed its investment in Aston Asset Management LLC through the acquisition of Highbury Financial Inc., a Chicago manager of sub-advised mutual funds. The deal was financed with roughly 1.7 million AMG shares.

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
Aston Asset Management (via Highbury Financial)
Value
Not disclosed
Date
April 2010
Type
Majority-stake investment
Status
Ready

Transaction Details

Target HQ
Chicago, IL
Segment
Sub-advised mutual funds
Structure
AMG common stock
Announced
April 15, 2010
Closed
April 15, 2010

In Their Words

we completed our investment in Aston Asset Management LLC through the acquisition of Highbury Financial Inc.Affiliated Managers Group, FY2010 Form 10-K

Advisors

Advisory firms were not disclosed for this transaction.

Related Deals & Entities

Sources: Press release ↗

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