King & Spalding is advising ETF Managers Group (ETFMG) in the sale of ETFMG’s exchange-traded fund line up to Amplify ETFs. The transaction is expected to close later this year pending necessary approvals, including requisite ETF shareholder approvals.
ETFMG is a global ETF manager developing innovative thematic ETFs that provide investors unique exposure to new markets and is comprised of 75% first-to-market products. ETFMG is headquartered in Summit, New Jersey.
Amplify, sponsored by Amplify Investments and Samsung Asset Management, has over $4.2 billion in assets across its suite of ETFs. Amplify is headquartered in Lisle, Illinois.
A press release announcing the transaction can be found here.