March 28, 2013

KPMG Investment Management M&A Monthly

KPMG published the March 2013 edition of its Investment Management M&A Monthly report on activity and news relating to investment manager M&A. To read this publication, please click here.

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March 28, 2013

Credit Suisse Sells J O Hambro to Bermuda National

On March 28, 2013, J O Hambro Investment Management Limited announced that Credit Suisse AG, its parent, had agreed to sell J O Hambro’s holding company and affiliates to Bermuda National Limited (BSX: BNL.BH) and J O Hambro’s management.

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March 25, 2013

Schroders to Acquire Cazenove Capital

On March 25, 2013, Bloomberg reported that Schroders Plc (LSE: SDR) had agreed to purchase Cazenove Capital Holdings, the London-based fund manager, in an all-cash deal for 135 pence per share, totaling £424 million.

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March 22, 2013

Raymond James Eyeing Bolt-Ons as Asset Management Sector Gathers Steam

This March 20, 2013 article by Matt Blumenfeld in SNL Financial discusses increasing deal activity in the asset manager sector, including the acquisition intentions of Raymond James Financial Inc.  To read this article, please Click Here (pdf reader required).

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March 21, 2013

Quadria Capital to Acquire Milestone Religare Investment Advisors

On March 21, 2013, Business Standard reported that Quadria Capital Investment Advisors had reached an agreement to acquire Milestone Religare Investment Advisors, a joint venture between Milestone Capital and Religare.

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March 20, 2013

Royal London Acquires Asset Management Business from Co-operative Banking Group

On March 19, 2013, Royal London Group announced that it had signed a binding agreement to acquire The Co-operative Banking Group’s asset management business, The Co-operative Asset Management.

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March 20, 2013

Gottex Acquires Majority Stake in Frontier Investment Management

On March 20, 2013, Gottex Fund Management announced that it had reached an agreement to acquire a majority interest in Frontier Investment Management, a UK multi-asset investment management firm, for shares in Gottex (up to 450,000 at current share price) plus cash consideration.

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March 20, 2013

Sandler O’Neill 2012 M&A Review

On March 14, 2013, Sandler O’Neill + Partners issued its report entitled “Shifting Into Higher Gear – 2012 M&A Activity in the Asset Management Industry” analyzing asset manager deal activity in 2012.  The report finds an increase in deals among asset managers, as well as an increase in M&A and…

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March 15, 2013

Investec Executives Buy 15% Stake

On March 15, 2013, FTadvisor.com reported that 40 senior staff members of Investec Asset Management had paid £180 million for a 15% stake in the company.

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March 8, 2013

Piper Jaffray Sells FAMCO to CEO

On March 8, 2013, asset manager Piper Jaffray (NYSE:  PJC) announced that it had agreed to sell a division of its asset management business, Fiduciary Asset Management, to its chief executive officer for $4 million.

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