On November 21, 2014, Mercer announced that it had agreed to acquire Swiss-based investment advisor SCM Strategic Capital Management AG.
On November 21, 2014, Mercer, a wholly owned subsidiary of Marsh & McLennan Companies (NYSE: MMC), announced that it had agreed to acquire SCM Strategic Capital Management AG (“SCM”), an independent Swiss-based investment advisor and solutions provider for institutional investors.
Mercer operates in more than 130 countries worldwide, with assets under management of approximately $108 billion. SCM is based in Zurich and has offices in Luxembourg and Hong Kong. The firm is a leading investor for private market fund investments and advises on or manages portfolios with a net asset value of $4 billion.
The acquisition is subject to purchase agreement conditions and regulatory approval. Terms of the transaction, which is expected to close in the first quarter of 2015, were not disclosed.
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