Deal Snapshot
VIRTUS INVESTMENT CLOSES USD 513M ACQUISITION OF MULTI-BOUTIQUE ASSET MANAGER RIDGEWORTH
Friday 02 June 2017

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.


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Details
Date Published: 02/06/2017
Target: RidgeWorth Investments
Country: USA
Deal Size: 513m (USD)
Sector: Banking/Financial Services
Type: Corporate acquisition
Financing: Cash
Status: Closed
Vendor:
Buyer: Virtus Investment Partners
Buyer Advisor: Barclays Capital , Morgan Stanley and Co , Willkie Farr,  and Gallagher
Comment:


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