On January 20, 2014, Source, an independent asset manager, announced that Warburg Pincus will acquire a majority stake in the company. Source’s existing shareholders, BofA Merrill Lynch, Goldman Sachs, J.P. Morgan, Morgan Stanley and Nomura, will remain as minority shareholders.
On January 20, 2014, Source announced that an affiliate of Warburg Pincus will acquire a majority stake in the company. Source is an asset manager and leading European provider of Exchange Traded Products, and offers products from partners CSOP Asset Management, PIMCO, MAN GLG and LGIM. The transaction will provide Source with additional resources to launch new investment products, enhance existing products, and expand new and existing client relationships. The terms of the transaction were not disclosed.
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