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Article: Asset Management Finance Investment Facilitates Recapitalization of River Road Asset Management.
- Article from:
- Business Wire
- Article date:
- November 17, 2008
CopyrightCOPYRIGHT 2008 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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River Road Uses Investment Proceeds to Buy Out 45% Stake Held by Fortis
NEW YORK -- Asset Management Finance LLC (AMF) announced today that it has made an investment in River Road Asset Management, a leading value equity manager based in Louisville, KY. River Road used the capital to purchase the 45% minority ownership interest held by Fortis Bank, S.A./N.V.
This transaction is AMF's sixth investment in the past 12 months, and 13th overall. AMF provided the capital to River Road in exchange for a limited-term Revenue Share Interest. During the term of the investment, AMF will hold a passive, non-voting interest in the firm.
"This deal is the ...