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Resolute Investment Managers Acquires Two Boutique Investment Managers.


10 January 2019 - Texas, US-based asset management platform Resolute Investment Managers, Inc has agreed to acquire a majority interest in institutional asset manager SSI Investment Management, the company said.

SSI Investment Management specialises in risk-mitigation strategies for institutional and high net-worth investors.

Additionally, Resolute has committed to acquire a minority position in RSW Investments, LLC, a registered investment advisor dedicated to managing municipal bond separate accounts.

Resolute's primary role will be to provide operational support and additional distribution resources to SSI and RSW, which will operate as autonomous subsidiaries.

Founded in 1973 and headquartered in Beverly Hills, California, SSI pioneered using a combination of fundamental analysis and quantitative research to hedge away risk and achieve reliable results in both bull and bear markets.

The firm adheres to four key principles: safety, consistency, good returns and preservation of capital.

These principles, combined with its dedication to providing clients with premier service, have enabled SSI to build a reputation for delivering competitive, risk-adjusted returns.

Founded in 2005, Summit, New Jersey-based RSW Investments now manages more than USD 2.2bn in discretionary assets.

Having worked together for nearly 18 years, the senior portfolio managers Robert Waas (founder, chief executive officer, chief investment officer) and Matthew Werner, CFA employ a methodical and distinctive approach to maximising after-tax risk-adjusted returns.

RSW emphasises proactive credit research, optimal portfolio positioning and a dynamic risk-management approach.

Working primarily with individual investors who are served by professional advisors, the team remains dedicated to providing the highest level of service to their clients.

Resolute Investment Managers is a multi-affiliate asset management platform with affiliated and independent relationships with more than 40 investment managers.

Driven by future value creation, Resolute offers a platform that offers benefits through a suite of distribution, operational and administrative services that may be leveraged by affiliates.

As of September 30, 2018, the affiliated companies of Resolute Investment Managers had USD 71.2bn in assets under management.

Founded in 1973, SSI Investment Management is a boutique, institutional asset management firm that seeks to add value by delivering competitive risk-adjusted returns for its clients, while focusing on safety, consistency and preservation of capital.

Resolute was advised by Colchester Partners LLC and Skadden, Arps, Slate, Meagher and Flom LLP. SSI was advised by Berkshire Global Advisors and Shartsis Friese LLP. RSW Investments was advised by Park Sutton Advisors LLC and Day Pitney LLP.

Country: USA

Sector: Banking/Financial Services

Target: SSI Investment Management/majority stake

Buyer: Resolute Investment Managers


Deal size in USD:

Type: LBO

Financing: Cash and Stock

Status: Agreed

Buyer advisor: Colchester Partners , Skadden, Arps, Slate, Meagher and Flom , Park Sutton Advisors , Day Pitney

Comment: Terms of the deal were not disclosed
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Publication:M & A Navigator
Date:Jan 10, 2019
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