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Kelso, Estancia Capital closed American Beacon buy

Kelso & Company and Estancia Capital Management have completed their buy of American Beacon Advisors Inc. Financial terms were not announced. The deal was announced in November.


Irving, Texas (PRWEB) April 30, 2015
American Beacon Advisors, Inc. (“American Beacon”), a leading provider of investment advisory services to institutional and retail markets, announced today the completion of its acquisition by investment funds affiliated with Kelso & Company and Estancia Capital Management, two prominent private equity firms. Terms of the agreement were not otherwise disclosed.
“We are excited to begin the next phase of our growth story with Kelso and Estancia as our strategic partners,” said Gene L. Needles, Jr., President and Chief Executive Officer of American Beacon. “I want to thank TPG Capital and Pharos Capital Group for their support and guidance over the years. I also want to thank all the individuals involved in making this a seamless process for our clients, shareholders and employees.”
“We are delighted to partner with Gene and his team,” said Chris Collins, Managing Director of Kelso & Company. “American Beacon has established itself as a premier asset management platform, and we look forward to supporting the company in its next phase of growth.”
“The American Beacon team has built an exceptional investment management firm by partnering with the ‘best of the best’ institutional asset managers globally and creating well-designed, differentiated investment strategies that have delivered outstanding long-term performance to the firm’s clients. We fully support the company’s business approach and continuation of their strategy,” said Takashi Moriuchi, Partner and Managing Director of Estancia Capital Management.
About American Beacon Advisors
Established in 1986, American Beacon Advisors, Inc. is a leading provider of investment advisory services to institutional and retail markets. American Beacon Advisors serves defined benefit plans, defined contribution plans, foundations, endowments, corporations and other institutional investors, as well as retail clients. The firm also provides corporate cash management and fixed-income separate account management.
American Beacon Advisors manages the American Beacon Funds, a series of competitively priced mutual funds. The Funds employ a “manager of managers” investment style and currently include international and domestic equity, fixed-income and money market funds. As of Mar. 31, 2015, American Beacon Advisors had $62.9 billion in assets under management. For more information, go to or follow on Twitter via @AmBeacon.
About Kelso & Company
Kelso & Company has been investing in North American private equity for over 33 years. Kelso benefits from a successful investment track record, a long-tenured and stable investing team, a reputation as a preferred partner to management teams and strategics, and a significant alignment of interest with all of its partners. Since 1980, Kelso has raised a total of eight private equity funds, representing over $8 billion of outside LP capital, and has made over 110 investments. Kelso was founded by Louis Kelso, commonly referred to as the inventor of the Employee Stock Ownership Plan (“ESOP”). The tenets of the Kelso ESOP heritage, including a significant alignment of interest and history of partnership, remain key components of the firm’s strategy and differentiation. For more information, visit
About Estancia Capital Management
Estancia is a specialist private equity firm focused on small to lower middle market investments in Institutional Quality asset management, wealth management and related business services firms. Estancia’s Principals have a history of partnering with management and investment teams in providing equity, growth and working capital to facilitate strategic development of portfolio companies including management buy-outs from larger financial firms, private ownership/succession transitions, growth initiatives and investment team lift-outs. Estancia is currently investing its first institutional fund, Estancia Capital Partners, L.P., on behalf of a diversified base of approximately 40 Limited Partners. For more information, visit