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The Series B units represent the entire minority equity interest in Aston. As part of the consideration, Highbury has issued $22.5 million of 4% perpetual preferred stock contingently convertible into Highbury common stock at $5 per share.
With this acquisition, Aston becomes a wholly-owned subsidiary of Highbury.
Deal Value (US$ Million) 22.5 Deal Type Acquisition Sub-Category Minority Acquisition Deal Status Completed: 2009-08-10
Deal Participants
Acquirer (Company) Highbury Financial Inc
Deal Rationale
The acquisition increases Highbury's economic participation in this attractive and growing business.
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