Under the terms of the agreement, iM Global Partner SAS (“iM Global”) will acquire Litman Gregory & Company, LLC (“Litman”). Terms of the deal were not disclosed. The transaction is subject to approval of the SEC and is expected to close in the second quarter of 2021. A Seward & Kissel team led by partners Jim Abbott, Paul Miller, Anne Patin and Jim Cofer, counsel Dan Bresler, Lance King and Mike O’Brien and associates Dora Pulido, Kristy Choi, Taylor Mielnicki and Elyse Moy are representing 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 had approximately $20 billion in assets under management as of December 2020. Berkshire Global Advisors served as financial advisor to iM Global on the transaction.
Litman, based in San Francisco, is a wealth and asset management boutique specializing in high-touch wealth and asset management services to individuals, multi-generational families, and nonprofits, and also is the advisor to the PartnerSelect family of mutual funds. Litman has approximately $4 billion in assets under management. Raymond James & Associates served as financial advisor to Litman on the
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