Affiliated Managers Acquires Majority Interest in Yacktman

April 19, 2012

On April 18, 2012, Yacktman Asset Management Co. announced that Affiliated Managers Group (NYSE: AMG) had agreed to purchase a majority ownership interest in Yacktman, which will continue to operate autonomously.

On April 18, 2012, Yacktman Asset Management announced that Affiliated Managers Group will be purchasing a majority ownership interest in the firm.  After the transaction, Yacktman management will continue to operate independently and receive a majority of the revenue and economics of the firm.  As a part of the transaction, certain Yacktman senior professionals have enterd into long term employment agreements.  AMG is a publicly-traded global asset management company that focuses on investments in boutique money management firms.  AMG’s partner investment firms collectively manage approximately $352 billion in assets.  Yacktman is an investment management company with approximately $17 billion of assets under management and advises The Yacktman Fund and The Yacktman Focused Fund.  Terms of the transaction were not disclosed.

To read the press release, please click here.


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Investment Manager M&A, Investment Manager Strategic Investments, Mutual Fund M&A, Mutual Fund Strategic Investments, Transactions