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AMG and Montefiore Investment Announce Partnership
AMG and Montefiore Investment Announce Partnership

Yahoo

time3 days ago

  • Business
  • Yahoo

AMG and Montefiore Investment Announce Partnership

AMG to invest in Montefiore, a leading European private equity firm with €5 billion in AUM, focused on the services sector Montefiore has a 20-year track record of consistently delivering top-tier returns by leveraging its differentiated strategy, sector expertise, unique sourcing capability, and value-creation skills Montefiore's management will retain a substantial majority of the firm's equity and continue to lead Montefiore as an independent firm, in line with AMG's partnership approach Partnership further diversifies AMG's business and expands its participation in global private markets WEST PALM BEACH, Fla. and PARIS, July 28, 2025 (GLOBE NEWSWIRE) -- AMG, a strategic partner to leading independent investment management firms globally, today announced that it has entered into a definitive agreement to acquire a minority equity interest in Montefiore Investment ('Montefiore'), a leading middle-market private equity firm in France and southern Europe. Under the terms of the transaction, Montefiore's management will retain a substantial majority of the firm's equity, continue to lead the organization, and maintain full control of its investment process, strategy, and day-to-day operations. AMG's investment will provide Montefiore with capital to further invest in the firm's capabilities and team as well as to enhance its alignment with clients. Founded in 2005, Montefiore is a premier European private equity firm that invests across the services sector in small- and mid-cap companies, scaling them through a systematic and differentiated approach to value creation. Over the course of its twenty-year history, Montefiore has built market-leading capabilities in sourcing investment opportunities through direct, long-term relationships with business owners, and has created value through its operationally intensive and collaborative partnerships with management teams. Led by co-founders Éric Bismuth and Daniel Elalouf and a large team of Partners, the firm manages a flagship series which has raised six generations of funds and two complementary strategies, enabling Montefiore to support companies at different stages of their development and accelerate their transformation. With offices in Paris, Milan, and Madrid, Montefiore manages €5 billion in assets and has achieved strong returns across varied market environments. 'We are pleased to partner with Montefiore, a premier private equity manager with a two-decade track record of delivering exceptional returns to clients,' said Jay C. Horgen, Chief Executive Officer of AMG. 'Montefiore's differentiated value-add approach, which focuses on accelerating profitable and sustainable growth by closely collaborating with management teams, has successfully scaled portfolio companies from local players into sector leaders across Europe while preserving their entrepreneurial spirit and culture. The firm has excellent forward prospects, and AMG's strategic partnership solutions can magnify the firm's long-term success. I am delighted to welcome Éric, Daniel, and their Partners to our Affiliate group.' 'We were drawn to AMG given its 32-year history as a strategic partner to independent firms, long-term orientation, and worldwide reputation as a collaborative partner,' said Mr. Bismuth, Chief Executive Officer of Montefiore. 'Through this partnership, Montefiore will access AMG's broad range of proven strategic capabilities to advance our long-term objectives, while preserving our independence. We are excited to partner with AMG as we continue to build an enduring, multi-generational firm.' As part of the agreement, Mr. Bismuth and Mr. Elalouf have entered into long-term commitments with the firm. The terms of the transaction were not disclosed and the transaction is expected to close in the second half of 2025, subject to customary closing conditions. About AMG AMG (NYSE: AMG) is a strategic partner to leading independent investment management firms globally. AMG's strategy is to generate long-term value by investing in high-quality independent partner-owned firms, through a proven partnership approach, and allocating resources across AMG's unique opportunity set to the areas of highest growth and return. Through its distinctive approach, AMG magnifies its Affiliates' existing advantages and actively supports their independence and ownership culture. As of March 31, 2025, AMG's aggregate assets under management were approximately $712 billion across a diverse range of private markets, liquid alternative, and differentiated long-only investment strategies. For more information, please visit the Company's website at About Montefiore Investment Founded in 2005, Montefiore Investment is a premier private equity firm dedicated to service SMEs and mid-market companies. Montefiore's team of 70 talented employees applies its deep sector expertise to support portfolio companies in their growth and development projects. Montefiore Investment has demonstrated its ability to transform SMEs and midcap companies into true European champions. The firm's performance has established it as a key player in mid-market private equity. With offices in Paris, Milan, and Madrid, Montefiore Investment currently manages €5 billion in equity and invests to finance sustainable and profitable growth for its portfolio companies. Since 2021, Montefiore has also been a shareholder and strategic partner of Starquest, a management company dedicated to investments in innovative companies with a strong environmental impact (GreenTech). Certain matters discussed in this press release issued by Affiliated Managers Group, Inc. ('AMG' or the 'Company') may constitute forward-looking statements within the meaning of the federal securities laws, and could be impacted by a number of factors, including those described under the section entitled 'Risk Factors' in AMG's most recent Annual Report on Form 10-K, as such factors may be updated from time to time in the Company's periodic filings with the SEC, which are accessible on the SEC's website at AMG undertakes no obligation to publicly update or review any forward-looking statements, whether as a result of new information, future developments or otherwise, except as required by applicable law. This release does not constitute an offer of any products, investment vehicles, or services of any AMG Affiliate. From time to time, AMG may use its website as a distribution channel of material Company information. AMG routinely posts financial and other important information regarding the Company in the Investor Relations section of its website at and encourages investors to consult that section regularly. AMG Media & Investor RelationsPatricia Figueroa(617) 747-3300ir@ pr@

Heatwave to ease in Europe holiday hotspots after Greece and Turkey surge above 40C
Heatwave to ease in Europe holiday hotspots after Greece and Turkey surge above 40C

BBC News

time6 days ago

  • Climate
  • BBC News

Heatwave to ease in Europe holiday hotspots after Greece and Turkey surge above 40C

Parts of southern Europe have been in the grip of extreme heat with wildfires threatening tourist people were killed in Cyprus as wildfires raged and authorities closed the Acropolis in Athens due to health impacts of temperatures above schools in the United Kingdom have now broken up for the summer holidays with thousands heading to Mediterranean tourist destinations over the next most extreme heat is forecast to ease gradually with temperatures returning close to, if not below average for many locations. Over the last few years the summer holidays have been heavily impacted by heatwaves in southern Europe along with extreme heat and wildfires near tourist the last week temperatures have been as high as 44C in Athens, Greece and in Lefka, Cyprus but widely across south-east Europe temperatures have been 5-10C above the normally less hot - Balkans - have seen temperatures up to 40C where the average for the end of July is firefighters in North Macedonia, Albania and Croatia have been battling wildfires. Holiday destinations Many UK holidaymakers head to southern Europe looking for some guaranteed hot and sunny weather. Whilst there may be a swimming pool or sea to cool down in, when does it become too hot to be enjoyable?According to research as part of a BBC InDepth article, this is a question many more of us are starting to think about with climate latest heatwave and spate of wildfires may be worrying news for those of you heading to southern Europe in the coming days and weeks over the over the next week at least, the weather does look like it will cool down, or become less Athens and Kos, temperatures of 41C over the weekend will come down to the mid thirties Celsius by Tuesday or in Cyprus, many locations will be close to the seasonal average of it's southern Germany, Italy or the Balkans such as Croatia, Bosnia & Herzegovina you might be heading to, then temperatures in the high thirties Celsius will actually come down to the low twenties, a good 5-10C below average. Wildfire risks remain high With the prolonged dry and hot weather across many parts of southern Europe, firefighters have been tackling wildfires in Cyprus, Greece, Turkey and while wildfires are common in the summer, the situation has been made worse this summer after droughts, heatwaves and strong winds fanning some cooler weather on the way for parts of southern Europe, the wildfire risk will remain 'high to extreme' according to the Copernicus European Forest Fire Information there is better news for some of the Balkans where wildfires have been raging over the last some thunderstorms and much needed rain in the forecast, the risk of further wildfires in North Macedonia, for example, should surprisingly, northern Europe has also been experiencing high temperatures with a record-breaking heatwave in Finnish Meteorological Institute said on Friday that for the 14th consecutive day, a temperature of 30C was measured somewhere in the country - the first time since records began in 1961.

Outdoor workers demand protection as cruel heat bakes southern Europe
Outdoor workers demand protection as cruel heat bakes southern Europe

Washington Post

time7 days ago

  • Climate
  • Washington Post

Outdoor workers demand protection as cruel heat bakes southern Europe

Cruel heat is baking southern Europe as the continent slips deeper into summer. In homes and offices, air conditioning is sweet relief. But under the scorching sun, outdoor labor can be grueling, brutal, occasionally even deadly . A street sweeper died in Barcelona during a heat wave last month and, according to a labor union, 12 other city cleaners have suffered heatstroke since. Some of Europe's powerful unions are pushing for tougher regulations to protect the aging workforce from climate change on the world's fastest-warming continent .

Country diary: A peachy taste of the exotic … outside the Co-op
Country diary: A peachy taste of the exotic … outside the Co-op

The Guardian

time22-07-2025

  • General
  • The Guardian

Country diary: A peachy taste of the exotic … outside the Co-op

It's been a summer of surprising urban nature encounters here. Peregrine falcons over Primark, a family of goldcrests in the yew tree of the town graveyard, bouncing around its shadowy branches, and now this? A hummingbird by the Co-op? My common sense catches up with my eyes soon after. This is a hummingbird hawk moth. My first sighting, and here it is feeding on the last few underwatered petunias of the supermarket plant trolley, just a few feet from the main road. Its small, pale-grey face is strangely owl-like. It hovers in a peach blur of 80 wing beats per second, unrolling its long, long proboscis like a fishing line to dip it into the centre of each flower with a delicate, intelligent kind of focus. I am utterly enchanted, grateful for its lingering, until, with a quick turn and a soft thrum, it's off and away. We can thank our unusually hot summer for the growing numbers of videos posted online by incredulous people like me asking, 'what's THIS?' Strong flyers and skilled at making use of a fair wind, hummingbird hawk moths migrate here from southern Europe, and the hotter our summer, the greater their numbers and the farther north they spread. You'd never spot them resting on a wall or leaf – their folded wings are an easily overlooked dirty brown – but once in flight, they're a showstopper. The hawk moth family tends to be burdened with a sinister reputation. Too big for comfort, some covered in fake eyes and even skull patterns, they've long been seen as harbingers of doom, death and madness, and yet our day-flying, fairy-like hummingbird appears to be the darling of its siblings. Common lore holds that it's good luck to spot one. There is even a tale that a great swarm of them was sighted by the Allied forces as they crossed the Channel on D-day in 1944, foretelling the end of the war. Shall we take this year's influx as a sign of a similar boon? Despite the worry of our changing climate, the blessing of these buzzing oracles of hope and luck gladdens my heart. Under the Changing Skies: The Best of the Guardian's Country Diary, 2018-2024 is published by Guardian Faber; order at and get a 15% discount

17 Best Things to Do in Athens, From Hitting the Beach to Gazing at Ruins
17 Best Things to Do in Athens, From Hitting the Beach to Gazing at Ruins

Condé Nast Traveler

time21-07-2025

  • Entertainment
  • Condé Nast Traveler

17 Best Things to Do in Athens, From Hitting the Beach to Gazing at Ruins

As one of the world's oldest cities, there's no surprise at the sheer amount of things to do in Athens—the destination is a master of reinvention. After a dark decade on the brink of Grexit, Athens has morphed into southern Europe's capital of cool. Long weekenders are swooping in to check out the exciting food scene and check into the new wave of cool hotels in Athens. Artists and designers are settling in for good, lured by affordable rents, the promise of sunshine, and an anarchic spirit where you don't have to play by the rules. There's nothing orderly about Athens: traffic is chaotic, life is messy, the architecture a mash-up of Byzantine and Bauhaus, neoclassical and nondescript. The Parthenon still dominates the skyline—and will forever be one of the key things to do in Athens—but for most Athenians the antiquities embedded among tightly packed apartment blocks are an afterthought. It's in the graffitied backstreets and café-lined squares, the factories converted into galleries, bars hidden in arcades, and secret coves for skinny dipping where the heartbeat of Athens is racing. Beyond the classics, these are the best things to do in Athens.

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