Blackstone to Acquire Controlling Stake in ASK Investment Managers
02.15.22
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Simpson Thacher is representing Blackstone in its acquisition of a majority stake in ASK Investment Managers Limited (“ASK”), one of India’s largest asset and wealth management companies, from Advent International and other sellers.
ASK is a leading player in the asset & wealth management business and primarily caters to the HNI and UHNI market with over three decades of experience. ASK is represented in India through its three key businesses: Portfolio Management Services & Alternative Investment Funds; Real Estate Private Equity; and Wealth Advisory and Multi-Family Office Service. ASK has 20 offices and branches across India, Dubai and Singapore, servicing investors across Asia and the EMEA region, with assets under management exceeding US$10.6 billion as at December 31, 2021.
The Simpson Thacher team includes Ian Ho, Valerie Fung and Jasper Ma (M&A); Makiko Harunari, Alvin Kwong, Ron Yung and Elaine Ruan (Credit); Meredith Jones and Beatriz Capeloa Gil (Tax); Steven DeLott (Insurance); and Steven Klar and Peter Thomas (Funds).