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Rating:Healey Still Sees a Highly Favorable Deal Market Not Rated 0.0 Email Routing List Email & Route  Print Print
Monday, November 17, 2014

Healey Still Sees a Highly Favorable Deal Market

Reported by Neil Anderson, Managing Editor

Sean Healey and his team continue to prowl for deals.

In Affiliated Managers Group's (AMG's) recent third-quarter 2014 earnings release, Healey states that "the transaction environment remains highly favorable" for AMG. On an earnings call, Healey and other top AMG executives discussed AMG's results with analysts [see Seeking Alpha's transcript of the call].

"We are actively engaged in discussions with an array of outstanding traditional and alternative firms," Healey states in the earnings release. "We are uniquely positioned to create meaningful shareholder value through accretive investments in additional new Affiliates going forward."

AMG finished Q3 2014 with economic earnings of $2.76 per share, rising 26.0 percent year-over-year and beating analysts' estimates by $0.05 per share.

On the call, in response to a question from Sandler O'Neill analyst Michael Kim, Healey confirms that AMG still has "a very strong pipeline" of deals, even after "the recent bit of volatility."

"There is no doubt that extreme volatility ... has a dampening effect on new investment activity," Healy states.

Healey also talked about AMG's "evolving product mix" in the U.S. retail channel.

To dig deeper into AMG's current state, read the Q3 2014 earnings release and Seeking Alpha's transcript of the earnings call. 

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