Virtus Investment Partners, a Connecticut-based asset manager, has agreed to acquire a majority stake in local rival Sustainable Growth Advisers (SGA) for an undisclosed sum.

Stamford-based SGA focuses on US, global and international growth equity strategies. As at 31 December 2017, the firm managed $11.6bn in assets.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Virtus will buy the stake from private equity firm Estancia Capital Management, and SGA partners that include its three co-founders.

The remaining stake will be held by key investment professionals, who will sign long-term employment agreements and reinvest part of the sales proceeds to drive the firm’s investment strategies.

The deal, anticipated to be wrapped up in mid-2018, will diversify Virtus’s client base mainly among institutional investors and international clients as well as bolster its investment offerings.

On the other hand, SGA will gain access to Virtus’ distribution network through the deal. However, SGA will retain its investment process, independent structure and brand.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Virtus president and CEO George Aylward said: “George Fraise, Gordon Marchand, and Rob Rohn, the co-founders of SGA, have created an exceptional business by focusing on meeting their clients’ objectives by providing a distinctive investment approach that concentrates on investing in companies with differentiated businesses and predictable and sustainable growth.

“We are very pleased to partner with SGA and support the current and future leaders of the company as they provide continuity for their clients and continue to leverage their distinguished research and decision-making process to construct high conviction, growth-equity portfolios.”