News of Standard Life’s agreement to purchase Aberdeen Asset Management has seen shares in both companies take off, with the former climbing to its highest value in over a year.
ANALYSIS: What’s next after Unilever snubbed Kraft Heinz?
As Unilever chief executive Paul Polman pushed the potentially record-breaking $143bn approach by Kraft Heinz off the table on Friday (17 February), a knee-jerk media frenzy suggested that the vulture might continue to circle.
Amundi acquires Pioneer Investments for €3.54bn
Amundi is to pay €3.54bn (£2.97bn, $3.74bn) in cash to acquire Pioneer Investments, which it says will make it the eighth largest asset manager in the world.
Henderson/Janus merger highlights increasing need for scale
The ink is not dry and already commentators are hailing the merger of Henderson Global Investors and Janus Capital as an example of what is to come.
Henderson takes on Janus in $320bn merger
London-headquartered independent fund manager Henderson Group is to merge with US fund manager Janus Capital, creating a combined operation with $320bn assets under management and a market capitalisation of approximately $6bn.
GAM makes UK acquisition in defiance of Brexit worries
GAM, the acquisitive Swiss asset manager, has made another move. It announced today it bought the UK-based multi-strategy systematic manager Cantab Capital Partners for $217m (€195m).
Consolidation set to move up asset management agenda
Further asset management consolidation is on the horizon but the line between predator and prey is increasingly blurred Numis said in a note on Friday.
Materials and industrials lead the way as M&A soars
The number of M&A deals completed in 2015 excelled with record returns for acquirers, according to Willis Towers Watson’s Quarterly Deal Performance Monitor (QDPM).
Interest in M&A funds fades though takeovers reach all-time high
The record number of mergers and acquisition deals announced in 2015 hasn’t led to a sustained interest in merger arbitrage funds. Ucits-regulated M&A funds fell out of grace in the final months of the year, as they significantly underperformed their offshore peers.
Be wary of companies engaged in M&A, says Cédric de Fonclare
Cédric de Fonclare, manager of the Jupiter European Opportunities Fund, explains in this video interview why he looks with suspicion at the recent wave of M&A.