On April 22, 2024, iM Global Partner announced the acquisition of a non-controlling minority stake in London-based asset manager Trinity Street Asset Management LLP (“Trinity Street”), which had US$8.6 billion in assets under management as of March 31, 2024. Separate Seward & Kissel teams were pleased to have represented both iM Global Partner and Trinity Street as US counsel in connection with this investment management industry transaction.

iM Global Partner is a worldwide asset management network, based in Paris, France. It selects and builds long-term partnerships with talented and independent asset management companies through direct capital ownership. iM Global Partner is present in 16 locations across Europe and the United States and provides its clients with access to the best management strategies of its partner firms. Founded in 2002, Trinity Street is a specialist independent investment firm managing active Global and International equity portfolios. It employs a disciplined, fundamental research approach to investing in companies undergoing positive structural changes that it believes are under-recognized by the market.

Seward & Kissel LLP (www.sewkis.com) is a leading New York law firm, originally established in 1890, offering legal advice emphasizing business, financial and commercial law and related litigation. The firm’s Business Transactions Group handles middle-market M&A, private equity, venture capital and joint venture transactions involving a wide variety of industries. The firm is ranked as Highly Regarded for Corporate/M&A by Chambers USA and is recommended by The Legal 500 in the middle-market M&A category, stating that Seward & Kissel “regularly acts for private equity firms, international businesses and financial services companies in a huge variety of domestic and cross-border corporate and financing transactions.”

The company’s press release describing this transaction is available here.