Kudu Investment Management’s Minority Investment in Granahan Investment Management

Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C. advised Granahan, while Seward & Kissel advised Kudu on the deal.

Granahan Investment Management, Inc. (GIM), a small cap equity investment boutique with $5.8 billion in assets under management, and Kudu Investment Management, LLC, a leading provider of permanent capital solutions to asset and wealth managers, announced that Kudu has acquired a minority interest in GIM. Financial terms were not disclosed. 

As part of the new partnership, more than 75% of the equity in GIM will continue to be held by its employees, broadly distributed across the firm. In addition, GIM will retain its autonomy over the operations of the firm.

Colchester Partners LLC served as financial advisor to Granahan.

Granahan Investment Management, Inc. (GIM), founded in 1985, is a small cap equity specialist with broad employee ownership and $5.8 billion in assets under management as of today. The firm offers micro cap, small cap, mid cap, and SMID strategies for institutions and high net worth individuals worldwide.

Kudu provides long-term capital solutions—including generational ownership transfers, management buyouts, acquisition and growth finance, as well as liquidity for legacy partners—to asset and wealth managers globally. Kudu was founded in 2015 and is backed by capital partner White Mountains Insurance Group, Ltd. (NYSE: WTM).

The Seward & Kissel team James E. Abbott (Picture), Meir R. Grossman, Craig A. Sklar, Nick Katsanos, Gerhard Anderson, and Danielle Lemberg.

The Mintz team that counseled GIM was led by Members Daniel Follansbee and John Condon and included Member and Chair of the firm’s Israel Practice Ran Zioni, Member and Chair of the firm’s Investment Funds Group Loretta Shaw-Lorello, Members Andrew Matzkin and Roy Gillig, Special Counsel Patricia Moran, Associates William Bussiere, Julianne DeLeo, and Alexander Song, and Law Clerk Michael Goldberg.

Involved fees earner: William Bussiere – Mintz, Levin, Cohn, Ferris, Glovsky, and Popeo; John Condon – Mintz, Levin, Cohn, Ferris, Glovsky, and Popeo; Julianne DeLeo – Mintz, Levin, Cohn, Ferris, Glovsky, and Popeo; Daniel Follansbee – Mintz, Levin, Cohn, Ferris, Glovsky, and Popeo; Roy Gillig – Mintz, Levin, Cohn, Ferris, Glovsky, and Popeo; Andrew Matzkin – Mintz, Levin, Cohn, Ferris, Glovsky, and Popeo; Patricia Moran – Mintz, Levin, Cohn, Ferris, Glovsky, and Popeo; Loretta Shaw-Lorello – Mintz, Levin, Cohn, Ferris, Glovsky, and Popeo; Alexander Song – Mintz, Levin, Cohn, Ferris, Glovsky, and Popeo; Ran Zioni – Mintz, Levin, Cohn, Ferris, Glovsky, and Popeo; James Abbott – Seward & Kissel; Gerhard Anderson – Seward & Kissel; Meir Grossman – Seward & Kissel; Danielle Lemberg – Seward & Kissel; Nick Katsanos – Seward & Kissel; Craig Sklar – Seward & Kissel;

Law Firms: Mintz, Levin, Cohn, Ferris, Glovsky, and Popeo; Seward & Kissel;

Clients: Granahan Investment Management; Kudu Investment Management;