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Lovell Minnick To Fuse ALPS Stake With DST
Lovell Minnick Equity Partners II has agreed to combine its stake in ALPS Holdings with a division of ALPS’ future owner DST Systems.
Lovell Minnick Equity Partners IIhas agreed to combine its stake inALPS Holdingswith a division of ALPS’ future ownerDST Systems. The deal will lead to a change in the management of ALPS’ unitALPS Advisors.
Post-deal, ALPS Advisors-managed funds’ fund management agreement and portfolio management agreements with its sub-advisors will end. ALPS Advisors is the investment advisor ofLiberty All-Star Equity FundandLiberty All-Star Growth Fund.
Click here for the release fromBusiness Wire.