Business Context and Reporting Period
Company: Affiliated Managers Group, Inc. (AMG)
Filing Type: Form 8-K (Current Report)
Date of Report: June 30, 2010
Event: Completion of the previously announced acquisition of Pantheon Ventures Inc., Pantheon Capital (Asia) Limited, and Pantheon Holdings Limited and Subsidiaries (collectively, "Pantheon").
Key Financial Metrics
This filing serves as a notification of the acquisition and the submission of related financial exhibits. It does not contain specific numerical values for AMG's revenue, profit, cash flow, margins, debt, or liquidity within the text body.
- Acquired Entity Financials: Audited combined financial statements for Pantheon for the years ended December 31, 2009 and 2008 are filed as Exhibit 99.1.
- Acquired Entity Financials (Q1 2010): Unaudited condensed combined financial statements for Pantheon for the three months ended March 31, 2010, are filed as Exhibit 99.2.
- Pro Forma Data: Unaudited pro forma condensed combined financial information for AMG, reflecting the acquisition, for the three months ended March 31, 2010, and the year ended December 31, 2009, is filed as Exhibit 99.3.
Material Changes
The primary material change reported is the successful closing of the acquisition of Pantheon on June 30, 2010. This transaction expands AMG's asset management capabilities, specifically in the private equity and venture capital sectors, as indicated by the nature of the acquired entities.
Guidance, Outlook, and Risks
The filing text does not provide specific management commentary, forward-looking guidance, or a detailed discussion of risks and contingencies related to the acquisition. The document focuses on the regulatory requirement to disclose the completion of the event and the availability of the associated financial statements.
Investor Verification Checklist
- Review Exhibit 99.1 for Pantheon's historical audited financial performance for 2008 and 2009.
- Review Exhibit 99.2 for Pantheon's unaudited financial performance for the first quarter of 2010.
- Review Exhibit 99.3 to understand the pro forma impact of the acquisition on AMG's financial position and results of operations.
- Verify the purchase price and specific terms of the acquisition, which are referenced as being described in a separate Form 8-K filed on July 1, 2010.