Asset managers to merge funds not companies
European asset managers are set to rationalise their fund ranges further, but at a corporate level a widespread M&A spree is unlikely.
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.
Bellpenny has purchased Glasgow-based wealth manager MGW for an undisclosed sum as it continues along its acquisition trail.
Buyout talks between private equity group Permira and Deutsche Bank over its Tilney assets are thought to be nearing their final stage.
Serial IFA acquisitor and wealth management group Bellpenny has completed the acquisition of Newbury-based IFA Meridan Park Associates, bringing its total funds under management to £1bn.
AMG Wealth Partners has acquired an equity stake in fellow New York-based investor Clarfeld Financial Advisors, which has stated plans to growth its UK advisory operation.
Pension specialist Mattioli Woods has acquired Thoroughbred Wealth Management and its subsidiary Atkinson Bolton Consulting in a deal worth around £6m.
Prism Capital Management’s four risk-rated funds will move to independent asset management business Tatton following its purchase for an undisclosed sum.
European mergers and acquisitions dropped year on year in Q2 2012, both in terms of deal value and deal volume according to data provided by Mergermarket.
Aside from the juggernaut that is St James’s Place in terms of growth of assets, partner numbers and, it seems, share price a few other networks have called for attention in the past few months.