U.S. Equity Manager Montag & Caldwell Announces Employee-Led Buyout
03/08/2010 08:00
PR Newswire
ATLANTA, August 3, 2010 /PRNewswire/ --
The employees of Montag & Caldwell, a U.S. based investment management
firm founded in 1945 specializing in large cap growth equity investing with
US$14 billion under management, today announced their agreement to buy the
Company from BNP Paribas Fortis. Upon closing, employees will own 100% of the
firm. Specific terms of the transaction were not disclosed.
In an outstanding display of continuity and enthusiasm for the
transaction, every Officer of the Company including Portfolio Management,
Research, Marketing and Trading, is participating and will be owners of the
firm going forward. Ron Canakaris, the Company's Chairman and Chief
Investment Officer, said, "the entire team at Montag & Caldwell is extremely
pleased to be the proud owners of this quality franchise, and we look forward
to continuing to add value to our clients' portfolios. We have always
operated as a close-knit, independent and rather autonomous unit which will
only be strengthened under the new structure. All 49 of our employees are
highly motivated and enthusiastic about this transaction."
"Our mission is to provide superior investment returns and the highest
quality of service to our clients," said Bill Vogel, Chief Executive Officer
at Montag & Caldwell. "We are very excited to announce this employee-led
buyout, which is a reflection of our entire team's commitment to that
mission."
The Montag and Caldwell U.S. Equity Large Cap Growth Fund (Ticker:
MCUSELC) is available to European investors in major markets.
For more information or to speak to Mssrs. Canakaris and Vogel, please
contact Amiee Watts at +1-973-784-0025 or amiee@jcprinc.com, or George
Northrop at +1-404-836-7237 or gnorthrop@montag.com.
About Montag & Caldwell
Montag & Caldwell has a long history of providing superior investment
results and exceptional client service. The Company credits this record to
its experienced and long-tenured team of professionals employing a consistent
and disciplined investment process. Today, Montag & Caldwell manages large
and mid-cap growth, balanced and fixed income strategies, through separately
managed accounts and mutual funds. The Company serves a wide range of
institutional and individual clients including retirement plans, endowment
funds and foundations, state and local governments, hospitals, insurance
companies, and Taft-Hartley funds.
Amiee Watts for Montag & Caldwell, +1-973-784-0025, amiee@jcprinc.com; or George Northrop of Montag & Caldwell, +1-404-836-7237, gnorthrop@montag.com
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