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Deal snapshot: PALMER SQUARE CAPITAL MANAGEMENT TO ACQUIRE OWNERSHIP INTEREST OF MONTAGE INVESTMENTS.

MANews-(C)2009-2018

Senior management and principals of Kansas, US-based asset management firm Palmer Square Capital Management LLC have reached an agreement with Montage Investments to buy out Montage Investments' ownership stake in Palmer Square, the company said.

The transaction will return Palmer Square to being entirely management owned. Outside of the ownership change, no other changes are anticipated at Palmer Square and the management team remains in place.

Country: USA

Sector: Banking/Financial Services

Target: Palmer Square Capital Management/ Montage Investments ownership stake

Buyer: Palmer Square Capital senior management and principals

Vendor: Montage Investments

Deal size in USD:

Type: MBO

Financing:

Status: Agreed

Buyer advisor: , ,

Comment: Terms of the deal were not disclosed

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Publication:M & A Navigator
Date:Oct 12, 2018
Words:114
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