AMG Acquires A Minority Equity Interest In Suma Capital; Terms Of The Transaction Were Not Disclosed
Portfolio Pulse from Benzinga Newsdesk
AMG has acquired a minority equity interest in Suma Capital, a pan-European private markets firm focused on the transition to a lower carbon economy. The terms of the transaction were not disclosed. Suma's partners will retain a significant majority of the equity and continue to manage day-to-day operations.
May 16, 2024 | 8:35 pm
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AMG has acquired a minority equity interest in Suma Capital, enhancing its presence in the private markets sector focused on the transition to a lower carbon economy. This move aligns with AMG's strategy to evolve its business towards secular growth areas.
The acquisition of a minority equity interest in Suma Capital by AMG is a strategic move to enhance its presence in the growing sector of private markets focused on the transition to a lower carbon economy. This aligns with AMG's strategy to evolve its business towards secular growth areas, which is likely to be viewed positively by investors.
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