MA at record levels says Towers Watson
The first quarter of 2015 has already seen the most mergers and acquisitions activity since Towers Watson began compiling its Quarterly Deal Performance Monitor in 2008, the firm has said.
M&A
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Natixis set to buy French group DNCA
Natixis is in exclusive talks regarding a bid to add French asset manager DNCA Finance to its suite of global investment management affiliates.
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European Wealth snaps up two wealth managers
European Wealth announced on Tuesday it has hired two new wealth managers, Nigel Gilland and David Mellett, from Gerrard Investment Management, which is owned by Barclays Wealth and Investment Management.
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Moody’s report forecasts surge in M&A activity
M&A activity in the asset management industry will likely pick up in the next 12-24 months largely due to improving economic conditions, according to latest data by Moodys Investor Service.
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European Wealth assets up 24 in H1
While the group remains optimistic about the second half, it says it is unlikely to see the same level of organic growth as in H1.
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Bolton acquisition bolsters European Wealth
In its first acquisition since listing in May, European Wealth announced on Wednesday it has acquired IFA business Compass Financial Benefits.
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Consensus on continued M A uptick elusive
Views split on whether recent spate of big name M&A will develop into a sustained and broad recovery in dealmaking
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Outburst of corporate marriages to continue Psigma
There are likely to be fewer large-scale acquisitions than in the last cycle, with a refocus corporate activity.
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Ashcourt Rowan purchase of UKWM gains FCA approval
Ashcourt Rowan has received FCA approval for its latest acquisition of UK Wealth Management, growing its national reach to 17 offices responsible for more than £5bn.
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Permira acquisition of Bestinvest completes
The Permira Funds business has completed its acquisition of Bestinvest.
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Standard Life Investments buys Ignis for 390m
Standard Life Investments spots £50m of cost savings through Ignis purchase but areas for job cuts are not yet identified.
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The writing was on the wall for Ignis
With an estimated value of £400m on 12.5x earnings, will Ignis prove to be a bargain buy for Standard Life?