About This Deal

Affiliated Managers Group acquired Veritas Asset Management, a transaction completed in October 2014, structured as cash (terms not disclosed). The deal was a Majority-stake investment.

Veritas Asset Management operates in Global & Asian equity, is based in London, UK. AMG completed its majority investment in Veritas Asset Management, LLP on October 31, 2014, a global and Asian equity 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
Veritas Asset Management
Value
Not disclosed
Date
October 2014
Type
Majority-stake investment
Status
Ready

Transaction Details

Target HQ
London, UK
Segment
Global & Asian equity
Structure
Cash (terms not disclosed)
Announced
October 31, 2014
Closed
October 31, 2014

In Their Words

Veritas Asset Management, LLP ("Veritas") was completed on October 31, 2014Affiliated Managers Group, FY2014 Form 10-K

Advisors

Advisory firms were not disclosed for this transaction.

Related Deals & Entities

Sources: Press release ↗

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