US-based investment partnership boutique Virtus Investment Partners, Inc. (NASDAQ: VRTS) has closed the acquisition of US-based multi-boutique asset management firm RidgeWorth Investments, the company said.
This deal was announced last December. The transaction values RidgeWorth at USD 472m and Virtus will also acquire certain investments at their fair value as of closing, for total consideration of approximately USD 513m. RidgeWorth has USD 40.2bn in assets managed by affiliated investment managers and unaffiliated subadvisers.
Generational Equity Advises Rehagen Electrical Contracting in Sale to MidStates Energy
Altius Resources Ups Stake in Wolfden Resources
Tracker Capital Acquires Controlling Interest in Presage Security
National Convenience Distributors Acquires Wholesale Distributor Wustefeld Candy
Terreno Realty Acquires New Jersey Industrial Property for USD 10.6m
Skyward Specialty Insurance Group Acquires Aegis Surety from K2 Insurance Services
Cadence to Acquire NUMECA to Expand System Analysis Capabilities
Turnstone Biologics Acquires Myst Therapeutics to Expand Biotechnology Portfolio
Bolt Acquires Assets of Last Mile Holdings to Expand Micromobility Solutions in US
American Construction Source Acquires Builders to Expand Distribution Capacity in Wisconsin
American Safety Council Acquires S/P2 to Enhance Safety Training
Digital Fortress Acquires 3 Colocation Facilities in Oregon to Expand Footprint to Portland Market
Arthur J. Gallagher Acquires San Diego-Based Atlas General Insurance Services