08:06 AM EDT, 07/28/2025 (MT Newswires) -- AMG (AMG) said Monday it has signed a definitive agreement to acquire a minority equity stake in Montefiore Investment, a European middle-market private equity firm.

Financial details were not disclosed.

Montefiore's management will continue holding a majority interest and full control over strategy, investment processes, and day-to-day operations, the company said.

AMG said the deal is expected to close in H2, subject to customary approvals.

AMG shares were 1.8% higher in recent premarket activity.