Freeman, a consulting firm specializing in investment management and investment banking, acquired a 66% majority equity share in Sector Analysis, a research firm that provides information to global asset managers about European customer demand and buying practices. Eric Weber, head of Freeman’s asset management practice, declined to say how much Freeman paid for its majority share. Mr. Weber and Jim Freeman, company founder, will become Sector Analysis directors. There will be no additional personnel changes, Mr. Weber said. The companies will work closely to expand, develop and integrate some of their product lines, Mr. Freeman said.
Sector Analysis founders Magnus Spence and Angela Hornberg and other members of the management team eventually may hold up to 49% of the equity of the company, Mr. Weber said.
