Stonehenge to Acquire Dublin-based National Investment Managers

November 16, 2010

On November 16, 2010, National Investment Managers Inc. announced it had agreed to a non-binding deal to be sold to private equity firm Stonehenge Partners Inc.


On November 16, 2010, Dublin-based National Investment Managers Inc. (OTC BB: NVIM) announced that it had entered a non-binding deal to be sold to an affiliate of Stonehenge Partners Inc. for $48 million.  Stonehenge, a Columbus-based private equity firm, currently manages more than $600 million in private capital.  According to National Investment, a pension plan administrator and investment manager, as much as $36 million of the purchase price will go toward paying down debt and liabilities and to cover transaction expenses.  The remainder will be allocated to stockholders.  The deal is subject to lender and stockholder approval but is expected to close by the end of the year.

To read the press release, please click here.


Categories

Investment Manager M&A, Transactions