Money manager M&A
News and video about Money manager M&A from Pensions & Investments
Baird to acquire Chautauqua Capital Management
trueRobert W. Baird & Co. has agreed to acquire money manager Chautauqua Capital Management.
Towers Watson pushes back Willis merger vote until Dec. 11
trueTowers Watson & Co. postponed once again a scheduled vote on its proposed merger with Willis Group Holdings, sweetening its special dividend to $10 from $4.87 a share to attract enough shareholder support to complete the deal.
AGF Management acquires ETF provider FFCM
trueAGF Management acquired the majority ownership stake in exchange-traded fund manager FFCM.
Apollo terminates deal with AR Capital, modifies RCS Capital deal
trueA deal with real estate firm AR Capital that would have doubled alternative investment firm Apollo Global Management's real estate assets under management to $27 billion was terminated, a joint news release said.
Investcorp acquires SSARIS' hedge funds-of-funds business
trueInvestcorp Investment Advisers' acquisition of the hedge funds-of-funds business of SSARIS is likely just the first in a string of planned purchases to bolster the firm’s hedge fund capabilities.
Ares Management, Kayne Anderson call off merger
trueAres Management and energy manager Kayne Anderson Capital Advisors have mutually agreed to terminate their merger agreement, the companies announced in a joint news release Tuesday.
Reliance Capital Asset Management to acquire GSAM's India business
trueReliance Capital Asset Management agreed to acquire Goldman Sachs Asset Management's business in India.
NorthStar Asset Management acquires Townsend Group from GTCR
trueNorthStar Asset Management Group is acquiring an approximately 85% stake in real estate consulting firm Townsend Group for $380 million from private equity firm GTCR, said Eileen Rochford, GTCR spokeswoman, in an e-mail.
Hellman & Friedman acquires majority stake in Edelman Financial
truePrivate equity firm Hellman & Friedman said Monday it has acquired a majority stake in financial planning firm Edelman Financial Services.
Manager M&A assets double from third quarter 2014
trueMoney manager mergers and acquisitions activity in the third quarter decreased from the previous quarter, with total assets in transactions at $294.4 billion — down more than 27%. Assets doubled from the third quarter of 2014.
TA Associates seen as potential winner in Russell acquisition, LSEG not so much
trueTA Associates' $1.15 billion acquisition of Russell Investments could be a bargain for the private equity firm, but is seen as well below offers the London Stock Exchange Group was receiving earlier in the bidding process, investment bankers said.
TA Associates to buy Russell Investments for $1.15 billion
trueThe London Stock Exchange Group agreed to sell Russell Investments' money management and consultant business to TA Associates for $1.15 billion in cash.
Dyal Capital takes stake in Chenavari Capital Partners
trueDyal Capital Partners, the private equity business of money manager Neuberger Berman, is acquiring a passive minority interest in alternatives money manager Chenavari Capital Partners.
Mizuho Financial takes 16% stake in Matthews International Capital Management
trueMizuho Financial Group is purchasing a minority equity stake in money manager Matthews International Capital Management, a news release from Matthews said.
Genstar, Aquiline to acquire Ascensus
truePrivate equity firms Genstar Capital and Aquiline Capital Partners announced Monday they had entered into a definitive agreement to purchase Ascensus, a defined contribution record keeper and administrator of 529 college savings plans.