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Home / transaction / Berkshire Global Advisors client BPV Capital Management has acquired Cain Brothers Asset Management
Berkshire Global Advisors client BPV Capital Management has acquired Cain Brothers Asset Management
  • has acquired
  • Berkshire Global Advisors client BPV Capital Management has acquired Cain Brothers Asset Management

  • Date: March 2015
  • Sector: Investment Management
  • Sub-Sector: Fixed Income
  • Region: North America
  • Seller AUM: $1.65 Billion
  • Seller Details
    Cain Brothers Asset Management, LLC (CBAM) a subsidiary of Cain Brothers & Company Incorporated, provides investment management services to institutions, corporations, trusts and individuals, with an emphasis on participants in the healthcare industry. CBAM provides institutional investment management services using an investment approach based on an overall risk management perspective, a focus on current market conditions and an overriding commitment to maximizing compound returns relative to the amount of risk assumed.

    Buyer Details
    BPV Capital Management, LLC (BPV), is headquartered in Knoxville, Tennessee. The firm and its subsidiaries offer separately managed accounts and mutual funds to investors of all sizes. The BPV Family of Funds includes the BPV Core Diversification Fund (BPVDX), the BPV Wealth Preservation Fund (BPVPX), the BPV Low Volatility Fund (BPVLX) and the BPV Large Cap Value Fund (BPVAX). The funds provide a range of potential solutions that apply a more conservative approach to time-tested investment principles.

    Transaction Summary
    BPV Capital Management has acquired Cain Brothers Asset Management, an institutional investment manager based in Orlando, Florida from Cain Brothers & Company Incorporated. This acquisition, which will see CBAM become a wholly-owned subsidiary of BPV, raises the combined assets of all BPV companies to $1.93 billion. More importantly, the addition of the CBAM team increases BPV’s ability to serve institutional clients. All six members of the CBAM team from offices in Orlando and Denver, including four portfolio managers, will remain with the new subsidiary, providing uninterrupted service to CBAM’s client base. In addition to marketing and distribution support, the CBAM portfolios will benefit from enhanced risk management strategies and software designed by the company’s Shrewsbury, NJ office, a recent acquisition of BPV.