$7 billion AUM
a wholly owned subsidiary of
has been sold to
Financial advisor to Guggenheim Partners and Claymore Investments
Claymore Investments is #2 in Canadian ETFs with $7.0 billion in Assets under Management
January 11, 2012 (New York, NY) – Freeman & Co. congratulates its client Guggenheim Partners, LLC on its recent sale of Claymore Investments, Inc. to BlackRock, Inc. (NYSE: BLK). Freeman & Co. acted as a financial advisor to Guggenheim Partners and Claymore Investments on this transaction. This is the second ETF transaction advised by Freeman & Co., following the sale of Rydex Investments to Guggenheim Partners.
BlackRock, an ETF market leader, will strengthen its position globally through the acquisition of Claymore, which at the time of the transaction had over $7.0 billion in assets under management and 16% percent market share. This transaction represents an important development in the high-growth Canadian ETF industry.
“The fast growing ETF market continues to have a substantial and disruptive impact on the asset.
management industry broadly. Having sold Rydex to Guggenheim, we are pleased to have represented them in selling Claymore’s ETF business,” said Eric Weber, Managing Director & COO at Freeman & Co.
The Claymore family of ETFs complements BlackRock’s existing offerings, and Claymore Investments will now be included in the global iShares family. The transaction is subject to customary approvals and conditions and is expected to close by the end of the first quarter of 2012.