AMG Announces Partnership with Ara Partners
23 Outubro 2023 - 9:00AM
AMG, a leading partner to independent investment management firms
globally, today announced that it acquired the minority equity
interest in Ara Partners previously held by Capital Constellation,
an investment platform managed by Wafra Inc., and certain of its
affiliated investment vehicles.
Ara Partners is a global private markets firm that invests in
the transition to a lower-carbon economy, through investments in
companies offering scalable technologies, products, or services
that address critical issues of decarbonization across a range of
essential industries. Founded by co-Managing Partners Charles
Cherington and Troy Thacker, and with a senior management team
averaging more than twenty years’ experience, Ara Partners’
industry, operating, and technical expertise enables collaboration
with portfolio companies to bring decarbonization products and
services to market efficiently. With approximately $5 billion in
assets under management, Ara Partners has generated growth through
strong investment performance as demand accelerates for industrial
decarbonization solutions to achieve carbon emission reduction
goals.
“Our partnership with Ara Partners broadens AMG’s participation
in private markets in a specialized, impactful area with
significant growth potential, further diversifying our business,”
said Jay C. Horgen, President and Chief Executive Officer of AMG.
“Given the global focus on a lower-carbon economy and energy
transition, Ara Partners is well-positioned to benefit from
accelerating client demand for industrial decarbonization
investments, and AMG’s strategic partnership solutions can catalyze
the firm’s next phase of development. AMG’s distinctive approach
continues to attract outstanding firms seeking to collaborate with
a strategic partner that can magnify their long-term success. I am
delighted to welcome Charles, Troy, and their partners to our
Affiliate group.”
“We are excited to move into our next phase of growth with AMG
as our partner,” said Mr. Cherington. “Through this partnership, we
will be able to leverage AMG’s broad range of proven capabilities
to enhance our growth initiatives and build on our success, while
preserving our entrepreneurial culture, investment independence,
and operational autonomy.”
“Through our partnership with AMG, Ara Partners’ management team
will increase and deepen its equity ownership in our firm, further
enhancing our strong alignment with our clients,” said Mr. Thacker.
“AMG’s unique partnership approach enables us to continue building
an enduring, multi-generational firm, and continue investing with
the goals of delivering superior outcomes for clients and making a
positive impact in industrial decarbonization.”
The terms of the transaction were not disclosed. Ara Partners’
management team will continue to direct the firm’s day-to-day
operations.
About AMG
AMG (NYSE: AMG) is a leading partner to independent investment
management firms globally. AMG’s strategy is to generate long-term
value by investing in a diverse array of high-quality independent
partner-owned firms, through a proven partnership approach, and
allocating resources across AMG’s unique opportunity set to the
areas of highest growth and return. AMG’s innovative partnership
approach enables each Affiliate’s management team to own
significant equity in their firm while maintaining operational and
investment autonomy. In addition, AMG offers its Affiliates growth
capital, distribution, and other strategic value-added
capabilities, which enhance the long-term growth of these
independent businesses, and enable them to align equity incentives
across generations of principals to build enduring franchises. As
of June 30, 2023, AMG’s aggregate assets under management were
approximately $674 billion across a broad range of differentiated
investment strategies. For more information, please visit the
Company’s website at www.amg.com.
About Ara PartnersAra Partners is a private
equity and infrastructure firm focused on industrial
decarbonization investments. Ara Partners invests in the industrial
and manufacturing, chemicals and materials, energy efficiency and
green fuels, and food and agriculture sectors, seeking to create
companies with significant decarbonization impact. It operates from
offices in Houston, Boston, and Dublin, Ireland. For
more information about Ara Partners, please
visit www.arapartners.com.
Certain matters discussed in this press release issued by
Affiliated Managers Group, Inc. (“AMG” or the “Company”) may
constitute forward-looking statements within the meaning of the
federal securities laws, and could be impacted by a number of
factors, including those described under the section entitled “Risk
Factors” in AMG’s most recent Annual Report on Form 10-K, as such
factors may be updated from time to time in the Company’s periodic
filings with the SEC, which are accessible on the SEC's website at
www.sec.gov. AMG undertakes no obligation to publicly update or
review any forward-looking statements, whether as a result of new
information, future developments or otherwise, except as required
by applicable law. From time to time, AMG may use its website as a
distribution channel of material Company information. AMG routinely
posts financial and other important information regarding the
Company in the Investor Relations section of its website at
www.amg.com and encourages investors to consult that section
regularly.
Investor Relations:Patricia Figueroa
Media Relations: Ann Imes
+1 (617) 747-3300ir@amg.compr@amg.com
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