Transactions


has sold a minority stake to

has sold a minority stake to

Financial advisor to ARK

Financial advisor to ARK

July 2016

Freeman & Co. Announces 8th ETF M&A Transaction as Financial Advisor to ARK Investment Management
Date
July 2016
Industry
Asset Management
Transaction
Sell-Side M&A

ARK to sell minority interest to American Beacon Advisors to expand ETF distribution capabilities

July 14, 2016 – ARK Investment Management (ARK) announced an agreement to sell a minority interest to American Beacon Advisors. This represents American Beacon Advisors’ first acquisition since its divestiture from American Airlines in 2008.

ARK, founded in 2014, is an investment manager focused on thematic investing in disruptive innovation strategies and offers registered and unregistered products, including a suite of exchange-traded funds. The transaction meaningfully expands ARK’s ETF distribution capabilities across the US.

ARK is the first manager to join American Beacon’s new multi-affiliate investment management holding company.