Carillon Tower Advisers Acquires ClariVest

March 18, 2019

On February 26, 2019, Carillon Tower Advisors announced it will increase to 100% its ownership stake in ClariVest Asset Management LLC.


After the transaction, effective April, Carillon Tower Advisers, Inc.’s (“Carillon”) affiliate, Eagle Asset Management (“Eagle”) will increase its existing 45% stake in ClariVest Asset Management LLC (“ClariVest”) and ClariVest will become a wholly-owned subsidiary of Eagle. Current Executive Vice President, General Counsel and Chief Compliance Officer of ClariVest, Tiffany Ayres, will assume the role of President of ClariVest. David Vaughn, CIO of Non-U.S. and Global Strategies and Todd Wolter, CIO of U.S. and Alternatives Strategies will continue to serve in their respective roles and will be responsible for day-to-day management of ClariVest. Stacey Nutt, current CEO and CIO of ClariVest, will serve as Senior Advisor to ClariVest. Further terms of the deal were not disclosed.

Carillon is a Florida-based asset-management company and hedge fund sponsor that primarily serves pooled investment vehicles and investment companies. As of January 31, 2019, Carillon had $64.6 billion in assets under management and advisement.

ClariVest, founded in 2006, is San Diego-based asset-management firm that serves institutional clients utilizing a behavioral approach in its investment strategies. As of January 31, 2019, ClariVest had $7.3 billion in assets under management.

To read the press release: please click here.

 


Categories

Investment Manager M&A, Transactions