Drax rivals Foresight bid for HEIT
Drax Group’s bid, which is being recommended by the HEIT board, comes at a 5% premium to the Foresight offer
M&A
-
-
Plus500 expands into Indian market with Mehta Equities acquisition
The £20m deal ‘marks a significant milestone in its global expansion strategy’ as it looks beyond the US futures market
-
Harmony Energy Income Trust receives offer from Foresight
HEIT shareholders will receive 84p per share, should the deal complete
-
Care REIT receives takeover offer from US-listed CareTrust
If approved by shareholders, CareTrust will pay 108p per share for the £332m REIT
-
Brooks Macdonald International sale completes
Sale to Canaccord Genuity allows Brooks to focus on growing its core UK business ‘organically and through targeted M&A’
-
Foresight acquires WHEB Asset Management
Deal will add almost £800m to the group’s AUM
-
View from the top with Aviva Investors’ Mark Versey
The CEO has helped turn the page for the asset manager, drilling down on its core values of sustainability, inclusivity and scalability
-
Natixis IM and Generali Investments merge to create £1.6trn asset manager
The deal, which is expected to close early next year, creates Europe’s second largest asset manager by AUM and largest by revenue
-
Competition watchdog halts FNZ acquisition
Tie-up between FNZ and GBST could lead to millions of platform customers facing higher fees and lower quality services
-
Are fund manager M&A deals in line for a Covid kick?
Healthy balance sheets and a flexible cost base leave asset managers well placed to weather a downturn
-
How has coronavirus changed the financial advice M&A market?
‘Some companies may be dissuaded from selling due to the uncertainty’
-
Square Mile acquires Ethical Money to expand ESG research offering
Acquired firm supports IFAs and asset managers in developing portfolios with a high social impact