Ashmore Group to Acquire Emerging Markets Management

In The News
February 24, 2011

Ropes & Gray represented Ashmore Group plc, a leading specialist emerging markets investment manager, in its proposed acquisition of a 62.9 percent stake in Emerging Markets Management L.L.C., a Virginia-based investment management firm with approximately $10.4 billion of assets under management, announced Feb. 24. The stake in EMM is valued at up to $246 million.

Boston-based partner Will Shields, associate Arthur Andersen made up the Ropes & Gray M&A team, with partner David Sullivan, assisting on regulatory matters, and partner David Saltzman.