J.P. Morgan Broker-Dealer Holdings Inc. completed the acquisition of 61% stake in Great Elm DME, Inc. from Great Elm Group, Inc..
January 02, 2023
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J.P. Morgan Broker-Dealer Holdings Inc. entered into a stock purchase agreement to acquire 61% stake in Great Elm DME, Inc. from Great Elm Group, Inc. (NasdaqGS:GEG) and Great Elm FM Acquisition, Inc. for approximately $18.4 million on December 30, 2022. The consideration is payable in cash. After the transaction GEG remaining 19% ownership interest in Forest. Alain Dermarkar, Michael Walraven and Ryan Bray of Shearman & Sterling LLP acted as legal advisor to Great Elm Group, Inc. Michele Kloeppel of Thompson Coburn LLP acted as legal advisor to J.P. Morgan.
J.P. Morgan Broker-Dealer Holdings Inc. completed the acquisition of 61% stake in Great Elm DME, Inc. from Great Elm Group, Inc. (NasdaqGS:GEG) on December 30, 2022.
Great Elm Group, Inc. is an alternative asset management company. The Company is focused on growing a scalable and diversified portfolio of long-duration, permanent capital vehicles across corporate credit, specialty finance, real estate, and other asset classes. The Company and its subsidiaries manage Great Elm Capital Corp., a business development company, and Monomoy Properties REIT, LLC, an industrial-focused real estate investment trust, in addition to other investments. Its wholly owned subsidiaries include Great Elm Capital Management, Inc. (GECM), Great Elm Opportunities GP, Inc. (GEO GP), Great Elm Capital GP, LLC (GEC GP), Great Elm FM Acquisition, Inc. (FM Acquisition), Great Elm DME Holdings, Inc. (DME Holdings), Great Elm DME Manager, LLC (DME Manager), and Monomoy BTS Corporation (MBTS), among others.
GREAT ELM GROUP, INC. 
