Announced
Completed
Financials
Sources
Tags
Private Equity
Private
Domestic
Single Bidder
private equity
United States
Acquisition
Friendly
Private Equity
Majority
Completed
Synopsis
JP Morgan, a financial holding company, completed the acquisition of a 61% stake Forest Investments, a private equity firm, from Great Elm Group, an investment management company, for $18m. “The Forest transaction represents a successful outcome for Great Elm’s shareholders. This marks the latest in a series of strategic actions taken to enhance our focus and capabilities across our core investment management strategy. We are pleased to have worked with JPM as a financial partner in Forest. This transaction underscores the ability for Great Elm to raise capital as it looks to grow its investment management business,” Jason Reese, GEG Executive Chairman.
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.