IM Global Partner has acquired a non-controlling minority stake in UK boutique, Trinity Street Asset Management.
Once the purchase is approved by the FCA, Trinity Street will become the firm’s 10th partnership since it launched in 2013. IM Global Partner has a non-controlling stake in all their businesses.
Most of these partners are based in the US, with the purchase of Zadig Asset Management in 2020 becoming its first holding in Europe.
IM Global Partner’s founder and CEO Philippe Couvrecelle said the firm has been seeking another European company for a number of years to diversify its portfolio into the region.
Of this new acquisition, he said: “Their approach fits in very well with our philosophy, and their products are highly complementary to those of our existing partners.
“Trinity Street’s performance has been impressive, and this partnership will allow us to further expand our product offering internationally.”
Couvrecelle said it would be business as usual at Trinity Street once the acquisition is approved, with the firm continuing to manage its $8.6bn of assets under management independently.
Trinity Street CEO Richard Bruce said: “Given its history of successful minority partnerships, IM Global Partner is the ideal long-term shareholder for Trinity Street.
“We are committed to ensuring the longevity and stability of our firm, aligning our interests with those of our clients and delivering strong investment returns, preserving our independence, and driving the entrepreneurial culture.
“The success of Trinity Street has come from its team-based approach: maintaining and enhancing this over the long term is our strategic focus.”
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