Northill Capital to Acquire Majority Interest in Riverbridge Partners

October 17, 2012

On October 16, 2012, Northill Capital LLP announced that it had agreed to acquire Riverbridge Partners, a Minneapolis-based specialist investment manager of Small, Mid and Large Cap US Equity Growth portfolios.


On October 16, 2012, Northill Capital LLP announced that it had agreed to acquire Riverbridge Partners LLC, a Minneapolis-based specialist investment manager of Small, Mid and Large Cap US Equity Growth portfolios.  Northill will buy out 100% of the equity of retired or former partners of the firm and approximately 50% of the equity of the Riverbridge management team.  Following the transaction, Northill will hold approximately 58% of the firm’s equity.  The terms of the transaction were not disclosed. 

To read the press release, please click here.


Categories

Investment Manager M&A, Transactions