Standard Life to bid for Ignis
Standard Life has confirmed it is in exclusive discussions with Phoenix Group to table a bid for Ignis Asset Management.
Standard Life has confirmed it is in exclusive discussions with Phoenix Group to table a bid for Ignis Asset Management.
The green light has been given to create Europe's largest listed asset management group
The IFA consolidator has racked up its biggest deal to date.
French asset manager Amundi is looking at picking up smaller rivals across the continent.
Old Mutual Wealth to buy Intrinsic, subject to FCA approval while reporting 11% hike in annual profits.
Cash-rich companies are helping fuel the current rounds of M&A activity though there are still plenty of questions that need to be asked before diving in too early.
RLAM’s Cholwill has predicted a pick-up in M&A as mega caps face stagnant growth prospects.
Equity markets may have reached their pre-crisis levels but M&A activity is still woefully short of its 2007 level - 2013 was an appalling year - but continued global economic recovery is a huge positive for future M&A activity.
European asset managers are set to rationalise their fund ranges further, but at a corporate level a widespread M&A spree is unlikely.
Now the global economy is showing signs of sustainability to the post-financial crisis recovery, so too is the private equity industry.
An unsolicited bid has prompted Jupiter to consider selling its private client business.
Wealth managers have polarised into two distinct categories during 2013: those who believe a regional presence is vital and those who have chosen to consolidate into a few key cities.