Legg Mason to Acquire QS Investors

March 10, 2014

On March 4, 2014, Legg Mason, Inc. (NYSE: LM) announced that it had entered into a definitive agreement to acquire QS Investors, LLC, a global quantitative equities provider.


On March 4, 2014, Legg Mason, Inc. (NYSE: LM) announced that it had entered into a definitive agreement to acquire QS Investors, LLC.  Legg Mason is a Baltimore-based global asset management firm with approximately $680 billion in assets under management.  QS Investors is a New York-based customized solutions and global quantitative equities provider with approximately $4.1 billion in assets under management.  The transaction will supplement Legg Mason’s existing quantitative equity platform, Batterymarch Financial Management and its existing solutions platform will be integrated over time into QS Investors.  The expanded platform will operate under the QS name.  The transaction is expected to close in the first quarter of 2015.

To read the press release, please click here.


Categories

Investment Manager M&A, Transactions