On March 16, 2018, Seward & Kissel client iM Square announced it had successfully secured a new financing commitment from Eurazeo.
iM Square’s objective is to invest $500 million in three to six additional active asset managers over the coming 2 to 4 years with its current and future shareholders. iM Square also announced the launch of its US distribution platform based on its European model. Jeffrey Seeley, former Head of Distribution at AMG Funds, was announced as Head of iM Global Partner US. The terms of the deal were not disclosed.
iM Square is a Paris-headquartered investment and development platform dedicated to asset management. Since 2015, iM Square has successfully acquired minority stakes in two US asset management firms, Polen Capital and Dolan McEniry Capital, which have been undergoing strong growth in assets under management.
Eurazeo is a global investment company with €15 billion in assets under management. Also participating in the financing commitment was Le Groupe Dassault/La Maison.
To read the press release: please click here.