On April 3, 2023, IGM Financial Inc. announced that it had entered into a strategic relationship with Rockefeller Capital Management.
IGM Financial Inc. (“IGM”) acquired a non-controlling interest in Rockefeller Capital Management (“Rockefeller”). IGM will pay $622 million to acquire a stake of approximately 20.5% in Rockefeller, with payment due on June 2, 2023.
IGM, based in Winnipeg, Canada, is a global asset manager that services retail and institutional clients. IGM has $258 billion in assets under management as of February 28, 2023. Ardea Partners LP acted as the exclusive financial advisor to IGM for the transaction.
Rockefeller, based in New York, is a financial advisory services firm that caters to high-net-worth individuals, institutions and corporations. Rockefeller has approximately $100 billion in assets under management.
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