Announced
Completed
Financials
Tags
Private
Single Bidder
Acquisition
portfolio management
Asset Managers and Custodians
Friendly
United States
investment platform
Private Equity
Majority
Completed
Domestic
Synopsis
ArrowMark Partners, an asset management firm, completed the acquisition of the bank investment platform of StoneCastle Asset Management, an investment management firm. Financial terms were not disclosed. “We believe ArrowMark’s proven and differentiated bank-related investment platform, combined with StoneCastle’s capabilities and community banking relationships, has the ability to provide stockholders with attractive portfolio opportunities, consistency of our investment management approach and our stockholder-first philosophy,” Joshua Siegel, StoneCastle Chairman and CEO.
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