M&A Deal Summary

AMG Acquires First Asset Management

On January 1, 2005, AMG acquired financial services company First Asset Management from Perseis Partners

Acquisition Highlights
  • This is AMG’s 1st transaction in the Financial Services sector.
  • This is AMG’s 1st transaction in Canada.
  • This is AMG’s 1st transaction in Ontario.

M&A Deal Summary
Date 2005-01-01
Target First Asset Management
Sector Financial Services
Buyer(s) AMG
Sellers(s) Perseis Partners
Deal Type Add-on Acquisition

Target

First Asset Management

Toronto, Ontario, Canada
First Asset Management, Inc. is a financial services company offering a wide range of retail and wholesale investment products to the Canadian market.

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Buyer(S) 1

Buyer

AMG

West Palm Beach, Florida, United States
Category Company
Founded 1993
Sector Financial Services
Employees3,950
Revenue 2.1B USD (2023)
DESCRIPTION

Affiliated Managers Group (AMG) is a global asset management company that provides investment solutions to institutions, financial advisors, and high-net-worth individuals. AMG has a portfolio of more than 40 boutique investment management firms across a range of asset classes and investment styles. AMG was incorporated in 1993 and is headquartered in West Palm Beach, Florida.

DEAL STATS #
Overall 1 of 5
Sector (Financial Services) 1 of 5
Type (Add-on Acquisition) 1 of 3
State (Ontario) 1 of 1
Country (Canada) 1 of 1
Year (2005) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-02-10 Pantheon Ventures

San Francisco, California, United States

Pantheon currently manages approximately $22 billion for over 300 global clients, including pension funds, endowments, government bodies and insurance companies. The firm has experienced high client retention throughout its history, reflecting its strong performance over different economic cycles and high standards of client service. With a team of 63 investment professionals (and a total staff of 141) in offices located in London, San Francisco, New York and Hong Kong, Pantheon is well-equipped to invest and serve clients worldwide.

Buy $775M

Seller(S) 1

SELLER

Perseis Partners

Toronto, Ontario, Canada
Category Private Equity Firm
Founded 2001
PE ASSETS 375M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Perseis Partners, Inc. is a private equity firm that invests in small to mid-sized Canadian companies. The Firm generally looks to invest $15 to $60 million in companies valued from $30 to $250 million. Target sectors include professional services, specialized retail, energy services, healthcare, transportation, industrial, and consumer products. Perseis Partners was formed in 2001 and is based in Toronto, Ontario.

DEAL STATS #
Overall 1 of 5
Sector (Financial Services) 1 of 1
Type (Add-on Acquisition) 1 of 5
State (Ontario) 1 of 1
Country (Canada) 1 of 5
Year (2005) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-01-01 Holiday Group

Montreal, Quebec, Canada

Holiday Group is a designer, importer and distributor of luggage, business bags, casual bags, handbags, umbrellas and other accessories under more than 40 brand names. Holiday Group is based in Montreal, Quebec.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-08-31 Chenelière Education

Montreal, Quebec, Canada

Chenelière Education is a French language educational publishing company in Canada specializing in textbooks, teaching aids and other learning material for grades 1 through 12, colleges and universities, and vocational and professional training.

Sell -
Mergr

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