Mizuho Financial Group is buying a stake in asset manager Matthews International Capital Management from Lovell Minnick Partners, which will remain a minority equity holder.

Matthews, headquartered in Westborough, Massachusetts, is an Asia investment specialist with $26.2 billion in assets under management. The firm has been backed by Philadelphia private equity firm Lovell Minnick since January 2011. Lovell Minnick specializes in investing in financial services businesses.

Subscribe Now

Complete access to real-time information and analysis of news and trends in the industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.