Calamos Investments agreed to acquire Timpani Capital Management, a Milwaukee-based boutique manager that specializes in small- and smidcap growth investing, confirmed Calamos spokesman Jeff Kelley in an email.
Terms of the deal were not disclosed. The four-person Timpani team, which manages roughly $588 million in assets, will continue to operate from their Milwaukee office. Its client roster includes high-net-worth, family office and institutional investors.
The deal is expected to close in the second quarter, pending customary conditions and regulatory requirements.
Calamos has more than $22 billion in assets under management.