On December 19, 2022, iM Global Partner, a leading global asset management network, announced the acquisition of a strategic, non-controlling stake in Berkshire Asset Management (“Berkshire”), which becomes iM Global Partner’s 9th partner firm. Through this strategic partnership, Berkshire joins iM Global Partner’s extensive global asset management family and distribution network. Seward & Kissel is pleased to have represented iM Global Partner in connection with this investment management industry transaction.

iM Global Partner is a worldwide asset management network, based in Paris, France. It selects and builds long-term partnerships with talented and independent asset management companies through direct capital ownership. iM Global Partner is present in 16 locations across Europe and the United States and provides its clients with access to the best management strategies of its partner firms. Located in Wilkes-Barre, Pennsylvania, Berkshire is an independent investment advisor specialized in dividend-focused US equity portfolios through its flagship Dividend Growth strategy.

Seward & Kissel LLP (www.sewkis.com) is a leading New York law firm, originally established in 1890, offering legal advice emphasizing business, financial and commercial law and related litigation. The firm’s Business Transactions Group handles middle-market M&A, private equity, venture capital and joint venture transactions involving a wide variety of industries. The firm is ranked as Highly Regarded for Corporate/M&A by Chambers USA and is recommended by The Legal 500 in the middle-market M&A category, stating that Seward & Kissel “advises on market-leading transactions within the industries where the firm has an international reputation, namely investment management and shipping.”

The company’s press release describing this transaction is available here.