Virtus Investment Partners acquired ETF Issuer Solutions (Virtus ETF Solutions), a transaction completed in April 2015.
ETF Issuer Solutions (Virtus ETF Solutions) operates in ETF platform / product, is based in United States. In April 2015 Virtus took a majority ownership position in ETF Issuer Solutions, an operator of a platform for listing, operating and distributing exchange-traded funds. The business was rebranded Virtus ETF Solutions and gave Virtus an in-house ETF sponsorship and servicing capability. Deal terms were not disclosed.
Added a proprietary ETF platform so Virtus could expand its product set beyond mutual funds and separate accounts into exchange-traded vehicles.
Turnkey ETF sponsorship/servicing platform to broaden product distribution. Operated as Virtus ETF Solutions
Advisory firms were not disclosed for this transaction.