IM Global Partner, a global asset management network, has made a deal as part of its efforts toward expansion in the U.S., entering a partnership with Richard Bernstein Advisors. The firm acquired a 45 percent non-controlling stake in RBA. RBA is a renowned New York-based asset allocation specialist.
Richard Bernstein, CEO, CIO and founder of Richard Bernstein Advisors, said, “This is the formation of a very powerful symbiotic relationship between iM Global Partner and RBA. iM Global Partner’s proven European institutional distribution and offshore capabilities will expand RBA’s investor base globally, whereas RBA’s broad US visibility will significantly enhance iM Global Partner’s rapidly growing presence in the US.”
Philippe Couvrecelle, CEO and Founder of iM Global Partner, commented, “RBA is a great addition to our network of Partners and their expertise is unanimously recognized in the US. RBA will bring our clients around the world outstanding expertise in asset allocation portfolios with a unique top-down macro approach that has proven its high efficiency in all phases of the market cycle. The partnership not only demonstrates the scale and vision of our global network, but also underlines our deep commitment to the US market.”
For RBA, Piper Sandler & Co. acted as financial advisor and Vedder Price acted as legal counsel. For iM Global Partner, Hottinguer Corporate Finance acted as financial advisor and Seward & Kissel acted as legal counsel.