Private equity firms eye Old Mutual’s wealth arm
A number of US private equity firms are preparing bids for Old Mutual’s wealth division, with two funds rumoured to have already teamed up to make an offer, The Sunday Times has reported.
A number of US private equity firms are preparing bids for Old Mutual’s wealth division, with two funds rumoured to have already teamed up to make an offer, The Sunday Times has reported.
The four-way split of Old Mutual may be big news globally, though for UK observers – and potential acquirers – the more remarkable story is its growing Wealth business.
The number of M&A deals completed in 2015 excelled with record returns for acquirers, according to Willis Towers Watson’s Quarterly Deal Performance Monitor (QDPM).
The record number of mergers and acquisition deals announced in 2015 hasn’t led to a sustained interest in so-called merger arbitrage funds. Ucits-regulated M&A funds fell out of grace in the final months of the year, as they significantly underperformed their offshore peers.
Neil Hermon, manager of Henderson’s Smaller Companies investment trust, re-affirmed his belief in mid-caps.
Davy Private Clients UK has acquired Pension & Financial Consultants Limited (PFC), a wealth management firm in Northern Ireland.
Bondholders should not be overly concerned by the high level of M&A activity being seen across Europe at the moment, according to T. Rowe Price’s Mike Della Vedova.
Bellpenny is to set its sights on larger targets following a double M&A deal worth a combined £150m.
Bellpenny is showing no signs of quitting the acquisition trail as CEO Nigel Stockton warns of advisers being forced to adopt a come one, come all approach by early 2016.
Aberdeen Asset Management has announced it has bought 100% of Advance Emerging Capital, further underlining its intention to extend its capabilities within the alternative investment space.
Increasing levels of M&A activity can reverse the fortunes of ‘dog fund’ M&G Recovery, according to manager Tom Dobell.
Bellpenny has announced a three-year partnership with risk profile provider Distribution Technology.