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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 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.

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.

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