On December 19, 2022 France-based iM Global Partner announced that it had acquired a strategic, non-controlling stake in Wilkes-Bare, Pennsylvania-based investment advisory firm Berkshire Asset Management. Berkhsire, with US$ 3.96 billion of assets under advisement, specializes in dividend-focused US equity portfolios. iM Global Partner is a worldwide asset management network that is present in 16 locations across Europe and the United States. Seward & Kissel acted as counsel to iM Global Partner in connection with this transaction.
Private Equity—Minority equity investment by iM Global Partner in Berkshire Asset Management
James E. Abbott
James C. Cofer
Anne C. Patin