Affiliated Managers Group acquires Forbes Family Trust

Affiliated Managers Group acquired Forbes Family Trust, a transaction completed in January 2017, structured as cash (terms not disclosed). The deal was a Minority-stake investment.

Forbes Family Trust operates in Wealth management, is based in West Conshohocken, PA. On January 5, 2017 AMG completed a minority investment in Forbes Family Trust, a wealth management firm (disclosed as a subsequent event in the FY2016 10-K).

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.

On January 5, 2017, the Company completed a minority investment in Forbes Family TrustAffiliated Managers Group, FY2016 Form 10-K

Advisory firms were not disclosed for this transaction.

You're subscribed.

Thanks for signing up.