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New Deal


Announced

iM Global Partner to acquire Litman Gregory.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Acquisition

Asset Managers and Custodians

Private Equity

Majority

Single Bidder

Private

Friendly

Pending

asset management

Cross Border

United States

Synopsis

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iM Global Partner, a Paris, France-based owner of asset management firms internationally that currently manages about $20bn, agreed to acquire Litman Gregory Asset Management, a Walnut Creek, California-based wealth and asset management firm that manages and oversees $6.2bn in assets. Financial terms were not disclosed. “iM Global Partner brings complementary global research resources and strong alignment on total client focus. The combination of our organizations is a natural fit because of our shared research DNA, commitment to independent thinking, integrity and total client focus,” Steve Savage, Litman Gregory CEO.

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