Deals
AMG Buys Stake in EIG Global Energy as Sonneborn Joins
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Affiliated Managers Group Inc. said it is acquiring a minority stake in EIG Global Energy Partners LLC, the asset manager spun off from TCW Group Inc., and William C. Sonneborn was appointed as EIG’s president.
The management of EIG, which specializes in energy and energy-infrastructure investments, will retain a majority equity position, Beverly, Massachusetts-based AMG said today in a statement. AMG also said today it will acquire a stake in value-oriented investor River Road Asset Management. AMG shares rose as much as 5.3 percent, the most in more than two years.