Legg Mason sigue creciendo: adquiere Clarion Partners, una minoría en Precidian Investments y combinará Permal con EnTrust Capital

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Legg Mason Acquires Clarion Partners
Foto: aehdeschaine. Legg Mason sigue creciendo: adquiere Clarion Partners, una minoría en Precidian Investments y combinará Permal con EnTrust Capital

Autor: Fórmate a Fondo

Clarion Partners manages $40 billion and will operate as an independent affiliate. Steve Furnary, Chairman and CEO of the firm, will continue in his current role

Legg Mason will acquire an 83% ownership stake in Clarion Partners for $585 million and will pay another $16 millionfor its portion of certain co-investments, while the management team will retain 17% of the outstanding equity

The company also announced it has entered into a definitive agreement to combine Permal, Legg Mason's existing hedge fund platform, with EnTrust Capital in a new company branded EnTrustPermal

Legg Mason also announced that it has acquired a minority equity position in Precidian Investments,