AMG and Montefiore Investment Announce Partnership
AMG (NYSE:AMG) has announced a strategic partnership with Montefiore Investment, a leading European private equity firm managing €5 billion in assets. The agreement involves AMG acquiring a minority equity stake in Montefiore, while the latter's management retains majority ownership and operational independence.
Founded in 2005, Montefiore specializes in small- and mid-cap companies in the services sector, with offices in Paris, Milan, and Madrid. The firm, led by co-founders Éric Bismuth and Daniel Elalouf, has built a strong 20-year track record through six generations of flagship funds and two complementary strategies.
The partnership aims to provide Montefiore with capital for expanding capabilities while allowing AMG to diversify its business and increase its presence in global private markets. The transaction is expected to close in the second half of 2025.
AMG (NYSE:AMG) ha annunciato una partnership strategica con Montefiore Investment, una delle principali società europee di private equity che gestisce 5 miliardi di euro in asset. L'accordo prevede che AMG acquisisca una partecipazione azionaria minoritaria in Montefiore, mentre il management di quest'ultima manterrà la proprietà di maggioranza e l'indipendenza operativa.
Fondata nel 2005, Montefiore è specializzata in società small- e mid-cap nel settore dei servizi, con uffici a Parigi, Milano e Madrid. La società, guidata dai co-fondatori Éric Bismuth e Daniel Elalouf, ha costruito un solido track record di 20 anni attraverso sei generazioni di fondi di punta e due strategie complementari.
La partnership mira a fornire a Montefiore capitale per espandere le proprie capacità, consentendo al contempo ad AMG di diversificare il proprio business e aumentare la sua presenza nei mercati privati globali. La transazione è prevista per la seconda metà del 2025.
AMG (NYSE:AMG) ha anunciado una alianza estratégica con Montefiore Investment, una destacada firma europea de capital privado que gestiona 5 mil millones de euros en activos. El acuerdo implica que AMG adquirirá una participación minoritaria en Montefiore, mientras que la dirección de esta última mantendrá la mayoría de la propiedad y la independencia operativa.
Fundada en 2005, Montefiore se especializa en empresas small- y mid-cap del sector servicios, con oficinas en París, Milán y Madrid. La firma, liderada por los cofundadores Éric Bismuth y Daniel Elalouf, ha construido un sólido historial de 20 años a través de seis generaciones de fondos emblemáticos y dos estrategias complementarias.
La alianza tiene como objetivo proporcionar a Montefiore capital para ampliar sus capacidades, mientras que permite a AMG diversificar su negocio y aumentar su presencia en los mercados privados globales. Se espera que la transacción se cierre en la segunda mitad de 2025.
AMG (NYSE:AMG)는 유럽을 선도하는 사모펀드 기업인 Montefiore Investment와 전략적 파트너십을 발표했습니다. Montefiore는 50억 유로 규모의 자산을 관리하고 있습니다. 이번 계약을 통해 AMG는 Montefiore의 소수 지분을 인수하며, Montefiore 경영진은 다수 지분과 운영 독립성을 유지합니다.
2005년에 설립된 Montefiore는 서비스 부문의 중소형 기업(small- 및 mid-cap)을 전문으로 하며, 파리, 밀라노, 마드리드에 사무소를 두고 있습니다. 공동 창업자인 에릭 비스뮤트와 다니엘 엘랄루프가 이끄는 이 회사는 20년간 6세대의 주요 펀드와 두 가지 보완 전략을 통해 탄탄한 실적을 쌓아왔습니다.
이번 파트너십은 Montefiore에 역량 확대를 위한 자본을 제공하는 동시에 AMG가 사업을 다각화하고 글로벌 사모 시장에서 입지를 강화하는 것을 목표로 합니다. 거래는 2025년 하반기에 완료될 예정입니다.
AMG (NYSE:AMG) a annoncé un partenariat stratégique avec Montefiore Investment, une société européenne de capital-investissement de premier plan gérant 5 milliards d'euros d'actifs. L'accord prévoit qu'AMG acquiert une participation minoritaire dans Montefiore, tandis que la direction de cette dernière conserve la majorité du capital et son indépendance opérationnelle.
Fondée en 2005, Montefiore se spécialise dans les entreprises small et mid-cap du secteur des services, avec des bureaux à Paris, Milan et Madrid. La société, dirigée par les cofondateurs Éric Bismuth et Daniel Elalouf, a construit un solide parcours de 20 ans à travers six générations de fonds phares et deux stratégies complémentaires.
Ce partenariat vise à fournir à Montefiore des capitaux pour étendre ses capacités, tout en permettant à AMG de diversifier ses activités et d'accroître sa présence sur les marchés privés mondiaux. La transaction devrait être finalisée dans la seconde moitié de 2025.
AMG (NYSE:AMG) hat eine strategische Partnerschaft mit Montefiore Investment bekannt gegeben, einer führenden europäischen Private-Equity-Gesellschaft, die 5 Milliarden Euro an Vermögenswerten verwaltet. Im Rahmen der Vereinbarung erwirbt AMG eine Minderheitsbeteiligung an Montefiore, während das Management von Montefiore die Mehrheitsbeteiligung und operative Unabhängigkeit behält.
Montefiore wurde 2005 gegründet und ist auf Small- und Mid-Cap-Unternehmen im Dienstleistungssektor spezialisiert, mit Büros in Paris, Mailand und Madrid. Das Unternehmen wird von den Mitbegründern Éric Bismuth und Daniel Elalouf geleitet und kann auf eine erfolgreiche 20-jährige Historie mit sechs Generationen von Flaggschiff-Fonds und zwei ergänzenden Strategien zurückblicken.
Die Partnerschaft zielt darauf ab, Montefiore Kapital zur Erweiterung der Fähigkeiten bereitzustellen, während AMG sein Geschäft diversifizieren und seine Präsenz auf den globalen privaten Märkten ausbauen kann. Der Abschluss der Transaktion wird für die zweite Hälfte des Jahres 2025 erwartet.
- Strategic expansion into European private markets through a proven PE firm with €5 billion AUM
- Access to Montefiore's successful 20-year track record and expertise in services sector
- Geographic diversification with presence in France, Italy, and Spain
- Long-term commitments secured from Montefiore's co-founders
- Financial terms of the transaction not disclosed
- Minority stake limits AMG's control and economic participation
- Transaction completion subject to regulatory approvals and closing conditions
Insights
AMG's minority stake in Montefiore enhances its private markets footprint while providing growth capital to a successful European PE firm.
This strategic partnership represents a calculated expansion move for AMG into European private equity markets. By acquiring a minority position in Montefiore—a specialized PE firm with
The transaction follows AMG's established partnership model, where Montefiore's management retains the substantial majority of equity and maintains complete control over investment decisions and strategy. This arrangement preserves Montefiore's entrepreneurial culture while giving them access to growth capital and strategic capabilities from AMG's platform.
Montefiore brings valuable differentiation through its 20-year track record focusing exclusively on services companies. Their approach centers on operational value creation and direct sourcing relationships with business owners. The firm has demonstrated resilience by delivering strong returns across multiple market cycles through six generations of their flagship fund series plus two complementary strategies.
For AMG, this transaction accomplishes two strategic objectives: further diversifying its affiliate portfolio by geography and asset class, and increasing its exposure to private markets—a segment with higher margins and stronger growth prospects than traditional public market strategies. The long-term commitments from Montefiore's founders, Éric Bismuth and Daniel Elalouf, provide continuity assurance important for both clients and AMG shareholders.
With Montefiore joining AMG's Affiliate group, AMG gains a foothold in European middle-market private equity without the integration challenges of a full acquisition, while Montefiore secures capital for future expansion while maintaining its operational independence—creating alignment that benefits both organizations.
- AMG to invest in Montefiore, a leading European private equity firm with
€5 billion in AUM, focused on the services sector - Montefiore has a 20-year track record of consistently delivering top-tier returns by leveraging its differentiated strategy, sector expertise, unique sourcing capability, and value-creation skills
- Montefiore’s management will retain a substantial majority of the firm’s equity and continue to lead Montefiore as an independent firm, in line with AMG’s partnership approach
- Partnership further diversifies AMG’s business and expands its participation in global private markets
WEST PALM BEACH, Fla. and PARIS, July 28, 2025 (GLOBE NEWSWIRE) -- AMG, a strategic partner to leading independent investment management firms globally, today announced that it has entered into a definitive agreement to acquire a minority equity interest in Montefiore Investment (“Montefiore”), a leading middle-market private equity firm in France and southern Europe.
Under the terms of the transaction, Montefiore’s management will retain a substantial majority of the firm’s equity, continue to lead the organization, and maintain full control of its investment process, strategy, and day-to-day operations. AMG’s investment will provide Montefiore with capital to further invest in the firm’s capabilities and team as well as to enhance its alignment with clients.
Founded in 2005, Montefiore is a premier European private equity firm that invests across the services sector in small- and mid-cap companies, scaling them through a systematic and differentiated approach to value creation. Over the course of its twenty-year history, Montefiore has built market-leading capabilities in sourcing investment opportunities through direct, long-term relationships with business owners, and has created value through its operationally intensive and collaborative partnerships with management teams. Led by co-founders Éric Bismuth and Daniel Elalouf and a large team of Partners, the firm manages a flagship series which has raised six generations of funds and two complementary strategies, enabling Montefiore to support companies at different stages of their development and accelerate their transformation. With offices in Paris, Milan, and Madrid, Montefiore manages
“We are pleased to partner with Montefiore, a premier private equity manager with a two-decade track record of delivering exceptional returns to clients,” said Jay C. Horgen, Chief Executive Officer of AMG. “Montefiore’s differentiated value-add approach, which focuses on accelerating profitable and sustainable growth by closely collaborating with management teams, has successfully scaled portfolio companies from local players into sector leaders across Europe while preserving their entrepreneurial spirit and culture. The firm has excellent forward prospects, and AMG’s strategic partnership solutions can magnify the firm’s long-term success. I am delighted to welcome Éric, Daniel, and their Partners to our Affiliate group.”
“We were drawn to AMG given its 32-year history as a strategic partner to independent firms, long-term orientation, and worldwide reputation as a collaborative partner,” said Mr. Bismuth, Chief Executive Officer of Montefiore. “Through this partnership, Montefiore will access AMG’s broad range of proven strategic capabilities to advance our long-term objectives, while preserving our independence. We are excited to partner with AMG as we continue to build an enduring, multi-generational firm.”
As part of the agreement, Mr. Bismuth and Mr. Elalouf have entered into long-term commitments with the firm. The terms of the transaction were not disclosed and the transaction is expected to close in the second half of 2025, subject to customary closing conditions.
About AMG
AMG (NYSE: AMG) is a strategic partner to leading independent investment management firms globally. AMG’s strategy is to generate long-term value by investing in high-quality independent partner-owned firms, through a proven partnership approach, and allocating resources across AMG's unique opportunity set to the areas of highest growth and return. Through its distinctive approach, AMG magnifies its Affiliates' existing advantages and actively supports their independence and ownership culture. As of March 31, 2025, AMG’s aggregate assets under management were approximately
About Montefiore Investment
Founded in 2005, Montefiore Investment is a premier private equity firm dedicated to service SMEs and mid-market companies. Montefiore’s team of 70 talented employees applies its deep sector expertise to support portfolio companies in their growth and development projects. Montefiore Investment has demonstrated its ability to transform SMEs and midcap companies into true European champions. The firm’s performance has established it as a key player in mid-market private equity. With offices in Paris, Milan, and Madrid, Montefiore Investment currently manages
Certain matters discussed in this press release issued by Affiliated Managers Group, Inc. (“AMG” or the “Company”) may constitute forward-looking statements within the meaning of the federal securities laws, and could be impacted by a number of factors, including those described under the section entitled “Risk Factors” in AMG’s most recent Annual Report on Form 10-K, as such factors may be updated from time to time in the Company’s periodic filings with the SEC, which are accessible on the SEC's website at www.sec.gov. AMG undertakes no obligation to publicly update or review any forward-looking statements, whether as a result of new information, future developments or otherwise, except as required by applicable law. This release does not constitute an offer of any products, investment vehicles, or services of any AMG Affiliate. From time to time, AMG may use its website as a distribution channel of material Company information. AMG routinely posts financial and other important information regarding the Company in the Investor Relations section of its website at www.amg.com and encourages investors to consult that section regularly.
AMG Media & Investor Relations
Patricia Figueroa
(617) 747-3300
ir@amg.com
pr@amg.com
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