Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:PE Buys a Nebraska Fund Firm Not Rated 0.0 Email Routing List Email & Route  Print Print
Tuesday, June 13, 2017

PE Buys a Nebraska Fund Firm

by: Sophie Alexander, Editorial Intern

A private equity firm is buying a Nebraska fund firm, a recent SEC filing confirms.

Edson Bridges III
Bridges Investment Management
President and CEO
All of the equity of Bridges Investment Management (BIM) will be acquired by Bridges Holding Company (BHC), a newly formed holding company primarily owned by MGI Holdings Inc., a subsidiary of McCarthy Group LLC, an Omaha-based financial services firm. Under the deal, which is expected to close around July 31, Robert Bridges and Ted Bridges III, president, CEO and current majority-owner of BIM, will collectively own about 13-percent of BHC.

As of March this year, BIM had 17 employees and approximately $1.2 billion in AUM.

A spokesperson for McCarthy Group declined to comment on the deal. A spokesperson for BIM did not return calls for comment.

The transaction is not expected to result in any material changes to BIMís investment advisory agreement with their fund, the Bridges Investment Fund. In April, the Board of Directors of the fund voted on a new investment advisory agreement between the fund and BIM. The funds' shareholders will vote later this month.  

Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2017: Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2017
40 Wall Street | 28th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use