Affiliated Managers Group Inc. undefined said Wednesday it agreed to sell its minority interest in Baring Private Equity Asia (BPEA) to EQT AB undefined for...
Affiliated Managers Group Inc. said Wednesday it agreed to sell its minority interest in Baring Private Equity Asia to EQT AB for $1.1 billion, based on the EQT closing share price on Tuesday. The purchase price includes $240 million in cash and 28.68 million EQT ordinary shares. AMG will retain future carry in existing funds, the firm said. The sale comes after AMG acquired its 15% interest in BPEA for $187.5 million in 2016.
AMG said Wednesday it agreed to sell its minority interest in Baring Private Equity Asia to EQT AB EQT for $1.1 billion, based on the EQT closing share price on Tuesday. The purchase price includes $240 million in cash and 28.68 million EQT ordinary shares. AMG will retain future carry in existing funds, the firm said. The sale comes after AMG acquired its 15% interest in BPEA for $187.5 million in 2016.
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