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  • Seller
  • Buyer
  • Type
  • Date Announced
  • Seller AUM
  • Harding Loevner LLC
  • Affiliated Managers Group, Inc.
  • Mutual Fund
  • July 23, 2008
  • $5.4 Billion

Seller Details

Founded in 1989, Harding Loevner LLC is a highly regarded investment manager specializing in global growth equities, with approximately  $5 billion in assets under management across six global, international and emerging markets equity strategies. The firm takes a team-oriented approach to making investment decisions, and each of its strategies is underpinned by a consistent investment philosophy focused on a global perspective, fundamental research, and investing in equities of high quality growth companies, and has generated outstanding long-term returns for the firm’s clients.

Buyer Details

Affiliated Managers Group is a diversified asset management company with approximately $180 billion in assets at June 30, 2009 (pro forma for the pending Harding Loevner investment). AMG’s strategy is to generate growth through the internal growth of its existing Affiliates, as well as through investments in new Affiliates. Through AMG's innovative partnership approach, individual members of each Affiliate’s management team retain or receive significant direct equity ownership in their firm while maintaining operating autonomy. AMG provides centralized assistance to its Affiliates in strategic matters, marketing, distribution, product development and operations.

Transaction Summary

Affiliated Managers Group, Inc. ("AMG"), a diversified asset management company, and Harding Loevner LLC (“Harding Loevner”), have reached a definitive agreement for AMG to acquire a majority equity interest in Harding Loevner. After the closing of the transaction, the management partners of Harding Loevner will continue to hold a substantial portion of the equity of the business and direct its day-to-day operations.
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