Northern Lights Capital Group, a private equity firm with offices in Seattle and Denver in which Laird Norton Company (“LNC”) is a significant investor, has announced a combination transaction with Treasury Group Limited (“Treasury Group” (ASX: TRG)), a publicly-traded company headquartered in Sydney, Australia. Northern Lights and Treasury Group will each contribute their businesses to a jointly owned entity that will continue to provide strategic support to boutique asset managers worldwide. The combined company is expected to hold interests in boutique asset managers that collectively have more than $46 billion of AUM as of June 30, 2014. The transaction is expected to close in the fourth quarter of 2014 subject to regulatory approvals and customary closing conditions.
LNC will continue to be a significant investor in the merged group and will be represented on its board of directors by Jeff Vincent, CEO of LNC.
More information regarding the announced transaction can be found on the Northern Lights website: http://nlcg.com/treasury-group-limited-northern-lights-capital-group-agree-to-form-global-company/BACK TO ALL NEWS