Affiliated Managers Group acquired Ivory Investment Management, a transaction completed in December 2015, structured as cash (terms not disclosed). The deal was a Minority-stake investment.
Ivory Investment Management operates in Long/short equity, is based in Los Angeles, CA. On December 31, 2015 AMG completed a minority investment in Ivory Investment Management, L.P., an 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.
Ivory Investment Management, L.P. on December 31, 2015Affiliated Managers Group, FY2015 Form 10-K
Advisory firms were not disclosed for this transaction.