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Transactions

Cambridge is a market-leading specialist investment bank, having provided M&A advisory services to the investment management industry for over 20 years. While based in New York, a significant portion of our business is derived from cross-border or foreign transactions, a testament to our global relationships. The following includes some of our recent transactions.

Advised Salt Lake City-based Alta Capital Management on a 70% sale to Toronto-based Guardian Capital Group.  The transaction will add over $3bn to Guardian’s assets under management and Alta will benefit from the support of Guardian’s significant financial and operational resources.  The partnership will expand Guardian’s presence and distribution network in the United States and diversify the firm’s assets under management by geography and investment solutions.

Advised Chicago-based Geneva Advisors on its sale to CIBC. With $8.4 billion in assets under management, Geneva Advisors is an independent private wealth management firm focused on high net worth clients. On closing, Geneva Advisors will become part of CIBC Atlantic Trust Private Wealth Management and will add scale in key markets where the combined firms can offer clients differentiated, high-touch service. 

Advised Illinois-based First Midwest Bancorp on its acquisition of Premier Asset Management, a $550 million private client manager in Chicago.  The transaction allows First Midwest to expand the breadth of its offerings to meet the financial and service needs of its high net worth clients, while Premier's clients will have access to a broader range of products and services provided by one of the largest independent publicly-traded bank holding companies.  

Advised Minneapolis-based Arbor Capital Management on the sale of its growth team to Foundry Partners. With approximately $200 million in assets under management, Arbor manages small cap growth and international small cap growth strategies on behalf of institutional and family trust clients. The Arbor team will operate out of Foundry Partners’ Minneapolis office, and the combined firm will have nearly $2.1 billion in assets under management along with approximately $630 million in Advisory-only UMA assets.

Advised London-based iM Square on its first ever acquisition of a 20% equity stake in Polen Capital Management, a growth equity manager with $7.5 billion in assets under management based in Boca Raton, FL.  iM Square is a global investment and development platform that partners with asset management firms to accelerate growth through international distribution.  The shareholders of iM Square include Amundi, Eurazeo and La Maison.  As part of the transaction, Polen Capital’s employees increased their ownership from 51% to 60%. 

Advised Paris-based La Francaise, an international multi-class asset manager with EUR 48 billion under management, on a strategic partnership with Alger Management, Ltd., an affiliate of Fred Alger Management, Inc., a New York based asset management firm with $22 billion under management.  La Francaise will take a 49.9% interest in Alger Management, Ltd. and will provide distribution capabilities and acceleration capital, while Fred Alger Management, Inc. will contribute its expertise in growth equities.

Advised Westwood Holdings Group on its acquisition of Houston-based Woodway Financial Advisors.  The $1.6 billion private wealth and trust company will operate as a Houston branch of Westwood Trust, a wholly owned subsidiary of Westwood.  The transaction will establish a presence for Westwood in the fast-growing Houston market, a priority of the company for many years, and will allow Woodway to provide its clients with an even more robust suite of services over time.

Advised MBIA and Cutwater on the sale of Armonk, NY-based Cutwater to BNY Mellon Investment Management.  Cutwater, a $23 billion AUM fixed income specialist, will work closely with, and be administered by, London-based Insight Investment, a BNY Mellon subsidiary.  The addition of Cutwater will enhance BNY Mellon's and Insight's U.S. platform abilities to offer specialized fixed income solutions.

Advised Chicago-based Segall Bryant & Hamill on the sale of an interest to private equity firm, Thoma Bravo.  As part of the transaction, Segall Bryant, which has over $9 billion in assets under management, will create an equity incentive program intended to expand ownership among the firm’s investment professionals.  The deal will allow Segall Bryant to close its long-standing relationship with Dougherty Financial Group.  

Advised Union Bank on its sale of Morton Capital Management in Calabasas, California, to its founder, Lon Morton, and the firm's investment professionals.  With over $1.2 billion in assets under management, Morton Capital provides wealth management services to a primarily high net worth client base.  Union Bank had inherited the business with its December 2012 purchase of Pacific Capital Bancorp.

Advised Union Bank on its sale of R.E. Wacker Associates in San Luis Obispo, California, to its founder, Bob Wacker, and the firm's investment professionals.  With over $650 million in assets under management, R.E. Wacker provides wealth management services to a primarily high net worth client base.  Union Bank had inherited the business with its December 2012 purchase of Pacific Capital Bancorp.

Advised Durham, NC-based Smith Breeden Associates on its sale to Paris-based Amundi, a leading European asset management firm.  With $6.4 billion in assets under management, Smith Breeden is an institutional asset management firm specializing in the major US fixed income sectors.  The relationship with Amundi will provide Smith Breeden with access to Amundi’s worldwide institutional client base as well as its global investment, research, client servicing and operating resources.  Amundi gains asset management expertise in US fixed income, which it will offer to its institutional and corporate clients in Europe, Asia and the Middle East.

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