EFG to Sell Remaining Interest in Marble Bar

March 7, 2012

On March 6, 2012, EFG International announced that it had agreed to sell its remaining stake in Marble Bar Asset Management to senior management of Marble Bar for CHF 28.8 million.


On March 6, 2012, EFG International announced that it had reached an agreement to sell its remaining interest in Marble Bar Asset Management to Marble Bar’s senior management.  Marble Bar will pay CHF 28.8 million for EFG’s interest in Marble Bar’s perpetual cash flow stream based on Marble Bar revenues.  The transaction followed the transfer of Marble Bar’s equity back to Marble Bar senior management in July 2010.  The deal is expected to close in the second quarter of 2012.  EFG is a SIX Swiss –listed (EFGN) global private banking and asset management group based in Zurich.

To read the press release, please click here.


Categories

Hedge Fund M&A, Investment Manager M&A, Transactions