AMG to Acquire Equity Interest in Garda Capital

May 29, 2019

On May 6, 2019, Affiliated Managers Group, Inc. announced that it had entered into a definitive agreement to acquire an equity interest in Garda Capital Partners LP.

Pursuant to the terms of the agreement, Affiliated Managers Group, Inc. (“AMG”) will acquire an equity interest in Garda Capital Partners LP (“Garda Capital”). After the transaction closes, the senior partners of Garda Capital will continue to hold a majority of the equity of the business and will remain responsible for the day-to-day operation of the business. Also as part of the agreement, Garda Capital’s senior partners have agreed to long-term commitments with the firm and the deal is expected to close in the third quarter of this year. Further terms of the deal were not disclosed.

Garda Capital is a Minneapolis-based investment manager that provides its clients fixed income relative value strategies. Garda Capital has $4 billion in assets under management as of April 30, 2019.

AMG (NYSE: AMG) is a global asset management company that provides centralized assistance in strategic matters, marketing, distribution, product development and operations. AMG has $778 billion in assets under management as of March 31, 2019.

To read the press release: please click here.


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Investment Manager Strategic Investments, Transactions