On May 11, 2016, Columbia Threadneedle Investments announced that it will acquire Seward & Kissel client Emerging Global Advisors, a registered investment advisor based in New York.
Columbia Threadneedle Investments is an asset management group with $464 billion in assets under management as of March 31, 2016.
Emerging Glogal Advisors (“EGA”) is investment advisor to the EGShares group of nine emerging markets equity ETFs. It had $892 million in assets under management as of April 30, 2016.
The terms of the transaction were not disclosed, and it is expected to close within the year. A Seward & Kissel team led by Craig Sklar and Gerhard Anderson III is representing Emerging Growth Advisors (“EGA”) in connection with this transaction.
To read the press release, please click here.