Aberdeen To Acquire FLAG Capital Management, LLC

May 28, 2015

Willkie advises London-based Aberdeen Asset Management PLC in acquisition, which will boost its global alternatives capability and establish a strong alternatives footprint in the U.S. 

On May 27, Willkie client Aberdeen Asset Management PLC announced it has entered into an agreement to acquire FLAG Capital Management, LLC a manager of private equity and real asset solutions. The acquisition furthers Aberdeen's strategy to strengthen and grow its global alternatives platform and solutions provision via multi-manager coverage of hedge funds, property and private market allocations, infrastructure investments and pan-alternative capabilities.

FLAG is a diversified private markets solutions business focused on venture capital, small- to mid-cap private equity, and real assets in the U.S., as well as private equity in the Asia-Pacific region.  The company managed assets of approximately  $6.3 billion (as of 12/31/2014) of invested and committed capital on behalf of its broad client base.

London-based Aberdeen is an independent asset management company, operating on-the-ground in over 25 countries across Europe, Asia and the Americas.  The company manages assets of $490.8 billion (as of 3/31/2015) on behalf of institutional and private investors. Willkie previously represented Aberdeen in its acquisition of Artio Global Investors.

The Willkie team on the current deal was led by partner David Boston and included partners Arash Farhadieh and James Silk and associate Bradley Friedman.