Affiliated Managers Group in $460 Million Convertible Notes Offering

August 11, 2008

Cleary Gottlieb represented Banc of America Securities LLC as sole initial purchaser in a $460 million Rule 144A offering by Affiliated Managers Group, Inc. of 3.95% senior convertible notes due 2038. The deal closed on August 6 and was followed by the full exercise of the over-allotment option, which closed on August 11.

AMG is an asset management company with equity investments in a diverse group of boutique investment management firms. Through its affiliated management firms, AMG manages approximately $254 billion in assets in more than 300 investment products across a broad range of investment styles and distribution channels.