Actual Acquirer:Boston Private Financial Holdings, Inc.
Target:KLS Professional Advisors Group, LLC
Seller:KLS Professional Advisors Group, LLC
Deal Type:Securities & Investments Company
Announced Deal Value ($M)
Announced Deal Value Per Share ($)
Contingent Payments ($M)
Deal Pricing Ratios
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Description of Consideration
Boston Private Financial Holdings Inc. paid approx. $29.7 million in cash to acquire the remaining 19% interest in KLS Professional Advisors Group LLC. In addition, Boston Private Financial Holdings Inc. paid $20.0 million additional consideration based on the certain performance targets.