Mercer to Acquire Cardano


July 3, 2024

On June 11, 2024, Mercer Investments LLC announced it agreed to acquire the Cardano Group.

Mercer Investments LLC (“Mercer”) announced on June 11, 2024, that it will acquire the Cardano Group (“Cardano”). Approximately 550 Cardano colleagues in London, Nottingham and Rotterdam will join Mercer. The transaction is expected to close near the end of 2024. Further terms of the transaction were not disclosed.

Mercer, based in New York City, is a subsidiary of Marsh McLennan (NYSE: MMC) and a consulting firm focusing on health and benefits, investments and retirement, workforce and careers, and M&A advisory services. Marsh McLennan is a professional services firm with businesses in insurance brokerage, risk management, reinsurance services, talent management, investment advisory, and management consulting. As of March 2024, Mercer had over $129 billion in assets under management.

Cardano, based in Rotterdam, Netherlands, is a privately-owned investment management and advisory business with a focus on risk and sustainability. As of December 31, 2023, Cardano managed approximately $66 billion in assets under management.

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