AllianceBernstein buying investment manager for at least $750M – Nashville Post

Nashville-basedĀ global asset management firm AllianceBernstein on Thursday announced the acquisition of CarVal Investors for $750 million up front plus future payouts depending on performance. CarVal will maintain its Minneapolis headquarters and leadership team. The company includes 190 employees, among them 68 investment professionals. CarVal has five offices in four countries and focuses on distressed credit, …

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