Heitman Completes Acquisition of OMAM Equity Interest
January 08 2018 - 8:29AM
Business Wire
OM Asset Management plc (NYSE: OMAM) announced that on January
5, 2018, Heitman LLC completed the previously announced purchase of
OMAM’s equity interest in the firm for $110 million in cash. On an
after tax basis, OMAM expects to receive approximately $85.7
million. For the nine months ended September 30, 2017, Heitman
contributed approximately 4% of OMAM’s net income.
About OMAM
OMAM is a global, multi-boutique asset management company with
approximately $235.9 billion of assets under management as of
September 30, 2017.1 Its diverse Affiliates offer leading, alpha
generating investment products to investors around the world.
OMAM’s partnership approach, which includes equity ownership at the
Affiliate level and a profit sharing relationship between OMAM and
its Affiliates, aligns the interests of the Company and its
Affiliates to work collaboratively in accelerating their growth.
OMAM’s business model combines the investment talent,
entrepreneurialism, focus and creativity of leading asset
management boutiques with the resources and capabilities of a
larger firm. For more information about OMAM, please visit the
Company’s website at www.omam.com.
1 OMAM AUM data removed Heitman beginning in the third quarter
of 2017. Under U.S. GAAP and ENI, financial results will continue
to include Heitman through January 5, 2018.
OMAM-201802.1
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version on businesswire.com: http://www.businesswire.com/news/home/20180108006104/en/
OMAMBrett Perryman, 617-369-7300ir@omam.com
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