Announced
Financials
Tags
United States
equity investment
investment solutions
Investment Banking
Acquisition
Majority
Private
Private Equity
Domestic
Pending
Friendly
Single Bidder
Synopsis
Alger Group, an asset management group, agreed to acquire Redwood Investments, an equity investment boutique. Financial terms were not disclosed. "We are thrilled to be acquiring Redwood, a boutique investment specialist that has an outstanding track record and team, shared alignment with clients, and global perspectives that will benefit our clients in the US, Europe and Asia. Redwood’s cross-portfolio insights and qualitative and quantitative approach to analyzing growth equity companies will complement our investment process across our existing portfolios," Dan Chung, Alger CEO.
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.