On October 22, 2012, private capital investment manager FLAG Capital Management, LLC announced that it had agreed to acquire Hong Kong-based private equity firm Squadron Capital.
FLAG Capital Management, LLC announced on October 22, 2012 that it had reached a definitive agreement to acquire Hong Kong-based Squadron Capital from private investment company Search Investment Group. Squadron is a private equity investment firm focused on the Asia Pacific region with approximately $1.5 billion in assets under management. The transaction will increase FLAG’s total assets under management to approximately $6 billion. The terms of the deal, which is expected to close on or before December 31, 2012, were not disclosed.
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