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Principal Global Buys London HF Stake

Principal Global Investors will purchase a majority stake in hedge fund manager, Finisterre Capital.

    Principal Global Investors(PGI) will purchase a majority stake in hedge fund manager,Finisterre Capital。公司将支付约8460万美元51% stake and an additional $30 million in 2013, subject to performance, addsPensions & Investments。

    Finisterre Capital will retain the remaining 49% stake in the emerging markets specialist manager. PGI was advised bySandler O’Neill & Partners, whileFenchurch Advisory Partnersacted as advisor for Finisterre. The deal is expected to close in the third quarter of 2011.

    Click here for the release fromBusiness Wire.

    Click here for the additional coverage fromPensions & Investments.

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