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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 30 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. Selected transactions include:

Advised Lodestar Investment Counsel, a Chicago-based wealth manager with approximately $1.4 billion under management, on its sale to Cincinnati-based Bartlett & Co, a partner firm of Focus Financial Partners.  The partnership will allow Lodestar's clients greater access to sophisticated planning capabilities and a broader investment offering.

Advised Stamford, CT-based Hillswick Asset Management on its sale to Monreal-based Optimum Financial Group.  With $815 million of assets under management on behalf of an institutional client base, Hillswick's equity and fixed income strategies will diversify Optimum's existing offerings in the United States, which previously focused on life reinsurance.  

Advised New York-based Optima Fund Holdings, a private investment firm specializing in alternative investments with $2 billion under management, on its sale to FWM Holdings, the parent company of multi-family offices Forbes Family Trust and LGL Partners. Optima's clients will gain access to Forbes' comprehensive suite of products and sevices including sophisticated tax, estate and financial planning, asset allocation and consolidated reporting. 

Advised Chicago-based Cresset Asset Management on its acquisition of Evanston Advisors, a Chicago-area wealth manager with over $500 million in assets under management.  Evanston's clients will gain access to a broader set of investing options and enhanced wealth management and family office service capabilities, as well as access to direct real estate and private equity investing.  

Advised Milwaukee-based Northern Oak Wealth Management on its sale to Chicago-based First Midwest Bancorp. With approximately $800 million of assets under management, Northern Oak is an independent wealth management firm focused on high net worth clients. The transaction gives Northern Oak and its clients access to the broad range of wealth management and banking products and services offered by First Midwest. Northern Oak's leadership will remain intact.

Advised Cincinnati-based Fifth Third Bancorp on its acquisition of Franklin Street Partners.  With $2.2 billion in assets under management, Franklin Street Partners is a Chapel Hill-based wealth management and trust company focused on high net worth clients.  The business will continue to operate under the Franklin Street brand and will remain in its current office.  This transaction supports Fifth Third’s goal to strategically grow its wealth management business and build on its existing presence in North Carolina.

Advised Laguna Beach-based WCM Investment Management on the sale of a 24.9% stake to Paris- and Boston-based Natixis Investment Managers. With $29 billion of assets under management, WCM manages low-turnover, alpha-generating equity portfolios with a focused, global growth approach. WCM will retain its independence and autonomy over the management of its business and has entered into a global distribution partnership with Natixis. The addition of WCM to Natixis’ global multi-affiliate program will give Natixis clients access to another high-active share investment manager with a distinctive investment culture and process.

Advised Cincinnati-based Bartlett & Co. on its sale to New York-based Focus Financial Partners.  In conjunction with the closing of the transaction, Bartlett, with over $3.5 billion of high net worth assets under management, will rebrand to Bartlett Wealth Management, LLC and expand its leadership team from 11 to 17 to include members of its next generation.  This acquisition marks Focus’ first partner firm on Ohio.

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.

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