iM Global Partners with Richard Bernstein Advisors

INVESTMENT MANAGEMENT DEALS BLOG

August 2, 2021

On July 28, 2021, it was announced that Seward & Kissel client iM Global Partner SAS has partnered with Richard Bernstein Advisors LLC.

Under the terms of the agreement, Seward & Kissel client iM Global Partner SAS (“iM Global”) received a 45% non-controlling stake in Richard Bernstein Advisors LLC (“RBA”). Terms of the deal were not disclosed. A Seward & Kissel team led by partners Jim Abbott, Gary Anderson, Anne Patin and James Cofer and associate Maria Rivera-Diaz represented iM Global in connection with the transaction.

iM Global is an asset management network focused on acquiring strategic investments in traditional and alternative investment firms in the U.S., Europe, and Asia. iM Global has approximately $35 billion in assets under management as of July 2021. Hottinguer Corporate Finance served as financial advisor to iM Global on the transaction.

RBA, based in New York, is an independent registered investment manager, specializing in asset allocation. As of June 2021, RBA had approximately $14.6 billion in assets under management and advisement. Piper Sandler & Co. served as financial advisor to RBA on the transaction.

To read the press release: please click here.

The opinions expressed are those of the author(s) and do not necessarily reflect the views of the firm or its clients, or any of its or their respective affiliates. This article is for general information purposes and is not intended to be and should not be taken as legal advice.