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

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

Rating:Is the Timing Right for an ALPS Sale? Not Rated 0.0 Email Routing List Email & Route  Print Print
Wednesday, August 18, 2010

Is the Timing Right for an ALPS Sale?

Reported by Armie Margaret Lee

ALPS Fund Services chalked up a record-smashing second quarter even as a trade publication speculated on the possibility of ALPS Holdings seeing a change in ownership.

For Lovell Minnick the strong results during the year's second quarter could not have been better timed. In early June, Reuters' peHub.com reported that private equity firm Lovell Minnick, which in 2005 bought a majority stake in ALPS (see The MFWire.com coverage), was "open to overtures" from buyers interested in its stake.

The June 9 peHub story noted that "five years is the typical hold time for Lovell Minnick." The report added that Lovell Minnick has not yet tapped a investment banker.

However, Lovell Minnick managing director Jeff Lovell threw cold water on the published speculation in an interview with The MFWire.com.

"We have no immediate plans to sell our interest in ALPS," Lovell told The MFWire.com on Wednesday, adding: "We remain enthusiastic about their continuing track record of strong growth."

The strong growth referred to by Lovell was on display in ALPS Fund Services' record second quarter results. In the three months ended June, ALPS Fund Services brought over $5 billion in assets and 100,000 accounts, according to company officials in an August 6 press release.

The new clients that came on board include BBH Funds, Oak Value Associates Funds, Vulcan Value Partners, Transparent Value Advisors and Accessor Funds, rebranded as Forward Funds.

The ALPS family also includes ALPS Distributors and ALPS Advisors.

Lovell Minnick has a supermajority stake in ALPS. According to an industry source, Lovell Minnick's stake is in the neighborhood of 75 percent. 

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
2025: Q4Q3Q2Q1
2024: Q4Q3Q2Q1
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
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


  1. WE U.S. - Women in Finance brunch at Dallas Securities Traders Association conference, September 4
  2. FutureProof Festival, Sep 7-10
  3. WE SoCal - Welcome Mixer at FutureProof, September 8
  4. WE US - ICI conference luncheon, September 8
  5. ICI ETF Conference, Sep 8-10
  6. WE Chicago - Unstoppable: A Journey of Resilience and Redefining Limits, September 9
  7. MFDF webinar - Series Trust Funds - Compliance and Board Reporting, September 10
  8. Nicsa webinar - Reimagining Reconciliation: AI, Regulation, and Capital Markets Transformation, September 10
  9. MFDF In Focus - Board Oversight of DEI in Current Landscape, September 11
  10. WE San Francisco - Annual Networking Event, September 11
  11. 2025 MMI Institutional Forum, September 11
  12. IDC webinar - Distribution for Fund Directors: Evolution and Trends, September 15
  13. IMEA Content Management Roundtable, September 16
  14. IMEA 2025 Star Awards Celebration, September 16
  15. IMEA Marketing Summit, Sep 16-17
  16. MFDF webinar - MFDF 15(c) White Paper Webinar Series: Part 4 – Enforcement Action Takeaways, September 16
  17. MFDF webinar - Latest in Closed-End Funds Litigations, September 23
  18. WE PNW - Mentorship Program Virtual Session: Building Trust to Win New Business and Influence Others, September 23
  19. Nicsa webinar - Utilizing AI to Enhance Distribution & Advisor Engagement, September 24
  20. MFDF webinar - Fixed Income Insights: Navigating Market Trends & Opportunities, September 24
  21. IMEA Portfolio Construction Roundtable, September 24
  22. IMEA Models Roundtable, September 25
  23. Expect Miracles Atlantic Coast Classic 2025, September 29
  24. MFDF webinar - Risk Management Essentials for RICs and Boards, September 29
  25. MFDF webinar - Diligent - Tools for Fund Board Book, October 1
  26. 10th annual Fuse Forum, October 8




©All rights reserved to InvestmentWires, Inc. 1997-2025
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use