Aberdeen to Acquire FLAG Capital Management

May 29, 2015

On May 27, 2015, Aberdeen Asset Management PLC announced that it had reached an agreement to acquire private equity and real estate asset manager FLAG Capital Management LLC.

FLAG Capital Management LLC (“FLAG”), which has an estimated $6.3 billion in assets under management, will be fully integrated into the Aberdeen Asset Management PLC  private markets platform, which currently has $15 billion in assets under management. The acquisition is subject to regulatory approval from the Hong Kong Securities and Futures Exchange Commission. It is expected to close in the third quarter of 2015.  Berkshire Capital acted as financial advisor to FLAG in connection with this transaction. 

The financial terms of the transaction were not disclosed.

To read the press release: please click here.


Investment Manager M&A, Private Equity M&A, Transactions