Mitsubishi Corporation Announces Expected Acquisition of Asset Management Businesses in the US

Mitsubishi Corporation (MC) will form MC Asset Management Holdings, LLC (MCAMH), an asset management company in the US, jointly with Aminkhan Aladin (AA), the current founding chairman and CEO of Aladdin Capital Holdings LLC (ACH), in a transaction providing for the acquisition of certain businesses and assets of ACH. MCAMH will be 80% owned by MC and 20% owned by AA.

 

MC, as a global integrated business enterprise with experience in various asset classes and a global network, aims to provide risk capital to a wide spectrum of industries by introducing institutional investors to investment opportunities in alternative assets. MC’s financial business group has expanded its alternative asset management business globally in various asset classes, including real estate, private equity, credit and infrastructure, and MC intends to accelerate the growth of its asset management business in the global market by creating new alternative investment products not only for Japanese institutional investors but also for other institutional investors around the world.

 

MC plans to expand MCAMH’s business as a platform for MC’s asset management business in several asset classes. MCAMH will acquire selected investment strategies from ACH that complement MC’s core strengths and will manage various strategies, including a new infrastructure debt platform. ACH will continue as a structured fixed income asset manager.

 

The proposed transaction, which remains subject to certain customary closing conditions, also will include the acquisition of certain of ACH’s advanced middle/back-office functions to support each managed fund. In addition, MC will strengthen its existing subsidiary distributors in Japan, the US and Europe by integrating selected ACH marketing functions.

 

Company Information

MC Asset Management Holdings, LLC

Head office	Stamford, Connecticut, United States
Expected date of formation	December 2011 or January 2012
Business	Asset management business
Equity owners (at formation)	Mitsubishi Corporation 80％, Aminkhan Aladin 20％
Number of employees   (at formation)	Approx. 20 employees (excluding approx. 10 employees at subsidiary GP companies)
Representative (at formation)	Takajiro Ishikawa (Non-Executive Chairman) Aminkhan Aladin (CEO)

 

Aladdin Capital Holdings LLC (before the transaction)

Head office	Stamford, Connecticut, United States
Date of formation	November 1999
Business	Asset management business
Equity owners	Management (including AA) 62.0%, Mitsubishi Corporation 19.5%, Others 18.5%
Number of employees	67 employees as of October 31, 2011
Representative	Aminkhan Aladin