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North Square Investments to Acquire Majority Share in Institutional Money Manager C.S. McKee
Monday 13 January 2020

13 January 2020 - US multi-boutique manager North Square Investments has agreed to acquire the business of Pennsylvania-based institutional money manager C.S. McKee L.P. (McKee), to foster future growth through institutional and retail distribution channels, the company said.
Terms of the transaction were not disclosed.
The consummation of the acquisition is subject to normal and ordinary closing conditions, with closing expected to occur in the first quarter of 2020.
With over USD 8bn of assets under management, McKee primarily specialises in a range of taxable fixed-income strategies that focus on providing institutional investors with consistent risk-adjusted performance.
McKee also offers a variety of other investment strategies including domestic and international equity and balanced portfolios that are all designed to meet a client's investment objectives and targeted levels of risk.
North Square will provide product development, distribution and administrative support to McKee, which will continue to operate as an independent affiliate based in Pittsburgh.
As part of the transaction, equity ownership will be expanded to include 100% of McKee employees.
At this time, North Square's multi-boutique platform includes a mutual fund family and ownership interests in the distinctly branded firms of C.S. McKee and Oak Ridge Investments with collective assets under management and advisement of over USD 10bn on a proforma basis.
North Square Investments is an independent, multi-boutique investment firm dedicated to delivering differentiated active investment strategies to the market.
C.S. McKee is an institutional investment management firm with over USD 8bn under management in taxable fixed income, equity and balanced portfolios.
C.S. McKee L.P. and North Square Investments, LLC are investment advisers registered with the US Securities and Exchange Commission.
North Square is being advised by Sandler O'Neill + Partners, L.P. and Kirkland and Ellis LLP.
Details
Date Published: 13/01/2020
Target: C.S. McKee L.P. (McKee)
Country: USA
Sector: Banking/Financial Services
Type: LBO
Financing:
Status: Agreed
Vendor:
Buyer: North Square Investments
Buyer Advisor: Sandler O, ´Neill + Partners , Kirkland and Ellis
Comment:
Terms of the deal were not disclosed

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