Wells Fargo To Acquire EverKey Global Partners

December 19, 2011

On December 15, 2011, Wells Fargo announced that it had entered a definitive agreement to acquire Seward & Kissel client EverKey Global Partners, a global equity manager which will join Wells Capital Management, the asset management subsidiary of Wells Fargo Bank, N.A.


On December 15, 2011, Wells Fargo & Company announced that it had entered a definitive acquisition agreement with Seward & Kissel client EverKey Global Partners, an investment boutique that manages global equity strategies for institutional clients in Japan and North America.  The EverKey investment team will remain an independent investment team but will become part of Wells Capital Management, the wholly owned asset management subsidiary of Wells Fargo Bank, N.A.  Wells Capital Management is part of Wells Fargo Asset Management Group, which has approximately $449 billion in assets under management.  The transaction is expected to close by January 1, 2012.  A Seward & Kissel LLP legal team led by partners Jim Abbott and Steve Nadel, counsel Dan Murphy and Michael O’Brien, and including associates Jon Bobinger, Kenneth Rasamny, Julia Spivack, Benay Josselson, and Denise Mazzeo represented EverKey in connection with this transaction.

To read the press release, please click here.


Categories

Hedge Fund M&A, Investment Manager M&A, Transactions