Actual Acquirer:Boston Private Financial Holdings, Inc.
Target:KLS Professional Advisors Group, LLC
Seller:KLS Professional Advisors Group, LLC
Deal Type:Securities & Investments Company
Announcement Date
1/20/2010
Announced Deal Value ($M)
49.7
Announced Deal Value Per Share ($)
NA
Status
Completed
Completion Date
1/20/2010
Consideration Breakout
Cash ($M)
29.7
Contingent Payments ($M)
20.0
Deal Pricing Ratios
Announcement
Completion
Price / Book (%)
NA
NA
Deal Value / Revenues (x)
NA
NA
Price / Earnings (x)
NA
NA
Price / EBITDA (x)
NA
NA
Price / Assets Under Mgmt (%)
6.38
6.38
Deal Terms
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.
