On January 17, 2017, Seward & Kissel client Alger Associates announced it had agreed to acquire growth equity manager Weatherbie Capital.
Alger Associates, Inc. (“Alger”) is the parent company of Fred Alger Management, Inc., a leading asset management firm founded in 1964 which as of December 31, 2016 managed $19.5 billion of assets. Boston-based Weatherbie Capital, LLC was founded in 1995 by Matthew Weatherbie, has over $800 million of assets under management, and will continue to operate as a discrete subsidiary of Alger. The transaction is scheduled to close in February 2017.
A Seward & Kissel team led by partner Jim Abbott and associate Dora Pulido, Employment partner Anne Patin, Tax partner James Cofer, Employee Benefits counsel Michael O’Brien, and associates Keith Kessinger, Katherine Porter, David Nangle and Shannon Smith represented Alger in connection with this transaction.
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