Virtus Investment Partners to Acquire Rampart

September 5, 2012

On September 4, 2012, Virtus Investment Partners, Inc. (NASDAQ: VRTS), a multi-manager asset management business, announced that it will acquire registered investment advisor Rampart Investment Management.


On September 4, 2012, Virtus Investment Partners, Inc. (NASDAQ: VRTS), a multi-manager asset management business, announced that it will acquire registered investment advisor Rampart Investment Management.  Rampart will become a wholly-owned asset management affiliate of Virtus.  The transaction is expected to close in the fourth quarter and is subject to customary closing conditions.  The terms of the transaction were not disclosed.  Rampart, based in Boston, is an employee-owned investment manager with approximately $1.4 billion under management.  Rampart’s team will remain with the firm and senior management have entered into employment agreements with Virtus.  Virtus is a partnership of boutique investment managers and provides products and services through its affiliated managers and subadvisers.

To read the press release, please click here.


Categories

Investment Manager M&A, Transactions