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

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

Rating:William Blair Will Buy a 49-Year-Old Value Shop Not Rated 0.0 Email Routing List Email & Route  Print Print
Friday, February 12, 2021

William Blair Will Buy a 49-Year-Old Value Shop

Reported by Neil Anderson, Managing Editor

A Midwestern bank's asset management arm is poised to buy an institutional value equity shop from a publicly traded multiboutique.

Stephanie Grieser Braming
William Blair
Partner, Global Head of Investment Management
On Wednesday, Stephanie Braming, partner and global head of William Blair Investment Management [profile], confirmed that the Chicago-based firm has agreed to acquire Baltimore-based Investment Counselors of Maryland, LLC (ICM [profile]) from Boston-based BrightSphere Investment Group Inc. Pricing and terms of the deal, which is expected to close in Q2, have not been publicly disclosed.

49-year-old ICM has $3.2 billion in AUM, including $1.699 billion (as of January 31) in its sole mutual fund: the 32-year-old ICM Small Company Portfolio. As of December 31, William Blair had $69.7 billion in AUM, and its asset management arm accounted for 321 of its 1,576 employees. As of ICM's most recent form ADV, filed last July, the Brightsphere subsidiary had 14 staff, not counting clerical workers. (According to the William Blair folks, ICM's investment team includes eight people, led by managing principal Bill Heaphy.)

"We are thrilled to welcome Bill and the ICM investment team to William Blair as our U.S. value franchise," William Blair's Braming states. "This team will broaden and deepen William Blair's value expertise and will add another strong pillar to our well-known U.S., international, and emerging markets small-cap franchise."

It sounds like the ICM investing team may be combining with, or taking over for, an existing William Blair team.

"William Blair and ICM will work together on a smooth transition for clients, leveraging the combined expertise of the two firms," the William Blair team writes. "As part of this transition, it is expected that members of the current William Blair Small Cap Value team will remain with the firm for a period to assist with the transition to ICM."

ICM's Heaphy, for his part, lauds William Blair as "a perfect strategic fit" for the ICM team and their clients.

"Its investment-led, client-focused private partnership aligns strongly with ICM's culture," Heaphy states. "In addition, its broad distribution resources and infrastructure backbone will support our current investment process and client engagement, while facilitating future growth." 

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
2021: Q2Q1
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. MFDF Director Discussion Series - Open Forum via Zoom (Midwest), March 10
  2. FinReg Outlook 2021, March 10
  3. Irish Funds North American Digital Seminar, March 11
  4. MFDF webinar - Municipal and Taxable Fixed Income — A Multi-Speed Recovery, March 12
  5. 2021 Virtual Mutual Funds and Investment Management Conference, Mar 15-19
  6. Women for Impact - A Call to Action, March 16
  7. SEC & DOL Standard of Conduct Rulemakings — Present & Future Considerations, March 23
  8. Expect Miracles Foundation's Virtual Mystery Game Night, March 24
  9. MFDF Director Discussion Series - Open Forum via Zoom, March 24
  10. ETFGI Global ETFs Insights Summit - ESG & Active ETF Trends, Mar 24-25
  11. MFDF webinar - Asset Management M&A for Fund Directors — Recent Trends and Governance Issues, March 31
  12. MFDF Director Discussion Series - Open Forum via Zoom, April 7
  13. MFDF In Focus: Board Oversight of Sub-advisers, April 15
  14. ETF.com Awards 2020, April 20
  15. The 31st Sub-Advised Funds Forum, Apr 20-21
  16. MFDF Director Discussion Series - Open Forum via Zoom (Northeast), April 21
  17. FIASI virtual event - ESG in Fixed Income: Shining a Light on Transparency, Apr 22-23
  18. 44th Annual AIMSE Marketing & Sales Conference, May 2-4
  19. MFDF Director Discussion Series - Open Forum via Zoom (Southeast), May 5
  20. ICI 2021 General Membership Meeting - Day 1, May 6
  21. ICI 2021 General Membership Meeting - Day 2, May 13
  22. 2021 FINRA Annual Conference, May 18-20
  23. MFDF Director Discussion Series - Open Forum via Zoom, May 19
  24. 2nd annual ETFGI Global ETFs Insights Summit - USA, May 19-20
  25. Irish Funds Online Annual Global Funds Conference 2021, May 19-20
  26. MFDF webinar - Fund Director Compensation: MPI Annual Survey (2021), May 20




©All rights reserved to InvestmentWires, Inc. 1997-2021
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use