On August 5, 2014, Northern Lights Capital Group announced an agreement for a business combination transaction with Australian-based Treasury Group Limited (ASX:TRG).
On August 11, 2014, Northern Lights Capital Group, a private equity firm with offices in Seattle and Denver, announced an agreement to combine its business with the business of Australia-based Treasury Group Limited (ASX:TRG). The combined, jointly owned company will continue to provide strategic support to boutique investment managers worldwide, with equity interests held in 21 investment managers that collectively have more than $45 billion of assets under management as of June 30, 2014. Treasury Group shares will continue to be listed on the Australian Stock Exchange. The transaction is subject to regulatory approvals and customary closing conditions and is expected to close in the fourth quarter of 2014.
To read the press release, please click here.