Affiliated Managers Group acquired Abax Investments, a transaction completed in December 2015, structured as cash (terms not disclosed). The deal was a Minority-stake investment.
Abax Investments operates in South African equity, is based in Cape Town, South Africa. On December 18, 2015 AMG completed a minority investment in Abax Investments (Pty) Ltd, a South African investment 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.
completed minority investments in Abax Investments (Pty) Ltd on December 18, 2015Affiliated Managers Group, FY2015 Form 10-K
Advisory firms were not disclosed for this transaction.