Affiliated Managers Group acquired Aston Asset Management (via Highbury Financial), a transaction completed in April 2010, structured as AMG common stock. The deal was a Majority-stake investment.
Aston Asset Management (via Highbury Financial) operates in Sub-advised mutual funds, is based in Chicago, IL. On April 15, 2010 AMG completed its investment in Aston Asset Management LLC through the acquisition of Highbury Financial Inc., a Chicago manager of sub-advised mutual funds. The deal was financed with roughly 1.7 million AMG shares.
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.
we completed our investment in Aston Asset Management LLC through the acquisition of Highbury Financial Inc.Affiliated Managers Group, FY2010 Form 10-K
Advisory firms were not disclosed for this transaction.