AMG Announces Investment in Abax Investments
With approximately
“Abax is an excellent addition to AMG’s group of leading return-oriented
specialists, and our partnership with the firm illustrates the truly
global nature of our prospect universe, as well as the worldwide brand
and reputation we have built over the past two decades as the global
partner of choice to independent firms,” said
“We look forward to continuing to deliver strong returns for our clients over the long term as both an AMG Affiliate and an independent firm, given AMG’s unique partnership approach which maintains Affiliate autonomy,” said Mr. Sedgwick. “In addition, our partnership with AMG provides access to the scale and resources of a leading global asset management company. AMG’s strategic capabilities, which have been uniquely successful in enhancing the organic growth of boutique managers across key client markets around the world, will meaningfully augment our forward growth prospects. We are excited to work with our new partners across a number of initiatives, including product development and distribution globally.”
As part of the transaction, Abax’s senior partners have agreed to
long-term commitments with the firm. The transaction is expected to
close by
About AMG
AMG is a global asset management company with equity investments in
leading boutique investment management firms. AMG’s innovative
partnership approach allows each Affiliate’s management team to own
significant equity in their firm while maintaining operational autonomy.
AMG’s strategy is to generate growth through the internal growth of
existing Affiliates, as well as through investments in new Affiliates.
In addition, AMG provides centralized assistance to its Affiliates in
strategic matters, marketing, distribution, product development and
operations. As of
Certain matters discussed in this press release may constitute
forward-looking statements within the meaning of the federal securities
laws. These statements include, but are not limited to, statements
related to our expectations regarding the performance of our business,
our financial results, our liquidity and capital resources and other
non-historical statements. You can identify these forward-looking
statements by the use of words such as “outlook,” “guidance,”
“believes,” “expects,” “potential,” “continues,” “may,” “will,”
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“plans,” “estimates,” “anticipates” or the negative version of these
words or other comparable words. Actual results and the timing of
certain events could differ materially from those projected in or
contemplated by the forward-looking statements due to a number of
factors, including changes in the securities or financial markets or in
general economic conditions, the availability of equity and debt
financing, competition for acquisitions of interests in investment
management firms, the ability to close pending investments, the
investment performance and growth rates of our Affiliates and their
ability to effectively market their investment strategies, the mix of
Affiliate contributions to our earnings and other risks, uncertainties
and assumptions, including those described under the section entitled
“Risk Factors” in our Annual Report on Form 10-K for the year ended
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View source version on businesswire.com: http://www.businesswire.com/news/home/20151108005051/en/
Source:
AMG
Investor and Media Relations:
Alexandra Lynn
Selene
Oh
+1 (617) 747-3300
ir@amg.com
pr@amg.com
or
Abax
Investments
Media Relations:
Anthony Sedgwick
+27
(021) 670-8960
anthony@abax.co.za