Summary
Affiliated Managers Group, Inc. (AMG) announced on July 8, 2011, the closing of its purchase of a significant stake in Value Partners Group Limited. This transaction, which occurred on July 6, 2011, involved AMG acquiring 49,586,000 shares of Value Partners for approximately $38.6 million. This investment represents an expansion of AMG's strategic partnership with Value Partners, which was initially announced in November 2009. Following this acquisition, AMG now holds approximately 7.8% of Value Partners' outstanding common equity, indicating a deeper commitment to this international asset management firm.
Key Highlights
- 1AMG acquired 49,586,000 shares of Value Partners Group Limited.
- 2The total consideration for the purchase was approximately $38.6 million.
- 3The transaction closed on July 6, 2011.
- 4This acquisition increases AMG's ownership stake in Value Partners.
- 5AMG's ownership in Value Partners now stands at approximately 7.8% of outstanding common equity.
- 6The investment is an expansion of a strategic partnership initially announced in November 2009.
Frequently Asked Questions
This Form 8-K filing was made to report a material event, specifically the closing of Affiliated Managers Group's (AMG) purchase of a significant number of shares in Value Partners Group Limited.
The increased ownership demonstrates AMG's deepening strategic commitment to Value Partners and its role within the international asset management landscape. It suggests confidence in Value Partners' business and future prospects.
AMG first announced its strategic partnership with Value Partners in November 2009.
Following the recent purchase, AMG now owns approximately 7.8% of Value Partners Group Limited's outstanding common equity.