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New Deal


Announced

Completed

iM Global Partner completed the acquisition of a minority stake in Berkshire Asset Management.

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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Minority

Acquisition

Friendly

Cross Border

Single Bidder

Diversified Financials

financial planner

United States

Private

Completed

Synopsis

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iM Global Partner, an asset management network, completed the acquisition of a minority stake in Berkshire Asset Management, a financial planner. Financial terms were not disclosed. "We are extremely excited to be part of iM Global Partner's world class network of leading asset and wealth management firms. The partnership with iM Global Partner brings a wealth of expertise to existing and future Berkshire clients. It solidifies and increases the longevity, consistency and structure of the Berkshire team, and enhances what we can achieve for our clients. Their investment is an incredible vote of confidence in our team, our investment process and importantly our future," Kenneth J. Krogulski, Berkshire Managing Partner and CIO.

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