is breaking free.
| David Perkins|
Chief Executive Officer
] CEO David Perkins revealed
that management at the 12-year-old, Raleigh, North Carolina-based alternative mutual fund shop has signed a letter of intent to buy Hatteras back from beleaguered RCS Capital Corporation
. RCS bought Hatteras on June 30, 2014.
"We are excited to reestablish Hatteras as a 100 percent employee-owned firm," Perkins states.
The deal is slated to close early next year.
The Hatteras deal comes just as a deal with Apollo Global Management involving another RCS affiliate, AR Capital
, is falling through
. And Apollo is now paying
a substantially reduced price for RCS Capital's wholesale distribution business.
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