Lovell Minnick sells part of Matthews Asia stake

Lovell Minnick Partners said Wednesday it has agreed to sell a portion of its stake in Matthews International Capital Management LLC (“Matthews Asia”) to Mizuho Financial Group. Financial terms weren’t announced. Matthews International Capital, of San Francisco, is an Asia investment specialist. Lovell acquired a minority stake in Matthews Asia in early 2011. RBC Capital Markets advised Lovell.

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