On October 26, 2022, Aristotle Capital Management, LLC announced that it will acquire Pacific Asset Management, LLC.
Under the terms of the transaction, Aristotle Capital Management, LLC (“Aristotle”) will acquire Pacific Asset Management, LLC (“Pacific Asset Management”). As part of the transaction Pacific Asset Management’s parent company, the Pacific Life Insurance Company, will acquire a minority stake in Aristotle. Upon completion, Pacific Asset Management will be known as Aristotle Pacific Capital, LLC. The transaction is expected to close during the first half of 2023, subject to standard regulatory approvals. Further terms were not disclosed.
Aristotle, based in Los Angeles, is an investment management firm focused on equity and fixed income portfolio management for institutional clients. Aristotle has $45 billion of assets under management. RBC Capital Markets provided financial advice to Aristotle on the transaction.
Pacific Asset Management, based in Newport Beach, California, is a credit asset management firm affiliated with Pacific Life Insurance Company. Pacific Asset Management has over $20 billion in assets under management.
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