Affiliated Managers Group acquired Yacktman Asset Management, a transaction completed in June 2012, structured as cash (terms not disclosed). The deal was a Majority-stake investment.
Yacktman Asset Management operates in Large-cap value equity, is based in Austin, TX. On June 29, 2012 AMG completed its investment in Yacktman Asset Management LP, a disciplined large-cap value 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.
On June 29, 2012, we completed our investment in Yacktman Asset Management LP ("Yacktman").Affiliated Managers Group, FY2012 Form 10-K
Advisory firms were not disclosed for this transaction.