Affiliated Managers Group acquired Harding Loevner, a transaction completed in December 2009, structured as cash (terms not disclosed). The deal was a Majority-stake investment.
Harding Loevner operates in Global & international equity, is based in Bridgewater, New Jersey, USA. AMG partnered with Harding Loevner, a global and international equity manager. Originally agreed before the 2008 financial crisis, the parties announced a restructured, postponed transaction in January 2009 with an option to complete in the second half of 2009 on consistent terms, preserving management's substantial equity ownership and autonomy; the investment was completed later in 2009.
Securing a high-quality global-equity manager with strong prospects while flexibly restructuring deal timing around dislocated markets.
As a leading global equities manager with an outstanding array of outperforming products relative to peers and benchmarks, Harding Loevner has strong prospects for long-term growth, and we remain enthusiastic about a partnership with the firm.Sean M. Healey, President and Chief Executive Officer, AMG
AMG's investment approach will allow us to maintain our independence and manage the business in the best interests of our clients, and for these reasons we continue to regard AMG as an excellent partner.David Loevner, Chief Executive Officer, Harding Loevner
Advisory firms were not disclosed for this transaction.