London-based Aberdeen, a global asset management company, acquires Artio for $175 million.
On February 14, it was announced that Artio Global Investors Inc. has entered into a merger agreement with Willkie client Aberdeen Asset Management PLC, pursuant to which Aberdeen will acquire Artio Global for $2.75 in cash per share or $175 million. Listed on the London Stock Exchange, Aberdeen is a global asset management company managing $314 billion (as of December 31, 2012) of third-party assets from offices around the world. Artio Global Investors Inc. is the indirect holding company of New York City-based Artio Global Management LLC, a registered investment adviser that actively invests in global fixed income and equity markets primarily for institutional and intermediary clients. The deal was handled by partners David Boston, Rose DiMartino, Christopher Peters, Ian Levin and James Silk; of counsel Martin Miller and associates Matthew Haddad, Elliot Gluck, Jonathan Kubek, Toby Lewis and Devon Sharma.