Walter Global Asset Management has acquired a minority interest in Madryn Asset Management, an asset management firm that invests in "innovative healthcare companies specializing in unique and transformative products, technologies and services," said a news release Jan. 30.
A Walter GAM spokesperson said the private equity firm acquired a stake that was "significant" but the firm would not disclose the terms of the deal.
This investment will expand Walter GAM's presence in the U.S., the news release said.
Walter GAM is based in Westmount, Canada, just outside of Montreal.
The spokesperson added that Madryn has $1.1 billion in assets under management, but Walter GAM does not disclose this information.
