About This Deal
Affiliated Managers Group acquired myCIO Wealth Partners, a transaction completed in October 2015, structured as cash (terms not disclosed). The deal was a Majority-stake investment.
myCIO Wealth Partners operates in Wealth management, is based in Philadelphia, PA. On October 1, 2015 AMG completed a majority investment in myCIO Wealth Partners, LLC, a wealth management firm.
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
MyCIO Wealth Partners
Value
Not disclosed
Date
October 2015
Type
Majority-stake investment
Status
Ready
Transaction Details
Target HQ
Philadelphia, PA
Segment
Wealth management
Structure
Cash (terms not disclosed)
Announced
October 1, 2015
Closed
October 1, 2015
In Their Words
myCIO Wealth Partners, LLC on October 1, 2015Affiliated Managers Group, FY2015 Form 10-K
Advisors
Advisory firms were not disclosed for this transaction.
Related Deals & Entities
Sources:
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