Transactions


$3 billion AUM

a subsidiary of

a subsidiary of

has acquired a minority interest in

has acquired a minority interest in

Financial advisor to Eagle Asset Mgmt

Financial advisor to Eagle Asset Mgmt

December 2012

Freeman & Co. Advises Eagle Asset Management on its Minority Investment in ClariVest Asset Management
Date
December 2012
Industry
Asset Management, Private Equity
Transaction
Buy-Side M&A

Eagle Asset Management acquires 45% stake in ClariVest Asset Management creating a strategic relationship

October 25, 2012 (New York, NY) – Freeman & Co. congratulates its client Eagle Asset Management, Inc. on its recent minority investment in ClariVest Asset Management. Freeman & Co. acted as exclusive financial advisor to Eagle Asset Management, a wholly-owned subsidiary of Raymond James Financial.

Eagle Asset Management has acquired 45 percent of ClariVest Asset Management LLC, creating a strategic relationship and providing additional distribution opportunities for ClariVest products. The transaction is expected to be completed around the end of the calendar year.

San Diego-based ClariVest, launched in 2006, manages more than $3 billion in client assets and currently markets itsinvestment services to corporate and public pension plans, foundations, endowments and Taft-Hartley clients worldwide. The principals of the firm have proven track records in quantitative-based investment strategies. Eagle is replacing the minority interests of several investors, leaving ClariVest management’s ownership unchanged.

ClariVest offers a diversified range of domestic, international, emerging markets and global products, combining stock selection with advanced risk control techniques to exploit market inefficiencies.

Eric Weber, Managing Director & COO of Freeman & Co., said, “As a strategic buyer, Eagle makes a compelling case to acquire a growing franchise, like ClariVest. Eagle can provide ClariVest access to extensive distribution capabilities, while ClariVest can offer Eagle product expansion and the opportunity to take an early stake in it’s future growth.”