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New Deal


Announced

Resolute Investment Managers to acquire a majority interest in National Investment Services.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Pending

wealth management

Acquisition

Single Bidder

United States

Private Equity

Private

Private Equity

Majority

Friendly

private equity

Synopsis

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Resolute Investment Managers, a diversified, multi-affiliate asset management platform, agreed to acquire a majority interest in National Investment Services, an asset manager specializing in fixed-income strategies. Financial terms were not disclosed. “NIS has established itself as a fixed-income leader delivering outstanding investment results and providing a high level of client service. Bob and his team have built a strong and successful business, and we’re thrilled to provide the support and resources they need to reach their next level of growth,” Gene Needles, Resolute Chairman and CEO.

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