Affiliated Managers Group acquired Veritas Asset Management, a transaction completed in October 2014, structured as cash (terms not disclosed). The deal was a Majority-stake investment.
Veritas Asset Management operates in Global & Asian equity, is based in London, UK. AMG completed its majority investment in Veritas Asset Management, LLP on October 31, 2014, a global and Asian 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.
Veritas Asset Management, LLP ("Veritas") was completed on October 31, 2014Affiliated Managers Group, FY2014 Form 10-K
Advisory firms were not disclosed for this transaction.