Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:A Pair of Fund Deals are Tops for 2011 Not Rated 5.0 Email Routing List Email & Route  Print Print
Thursday, March 29, 2012

A Pair of Fund Deals are Tops for 2011

Reported by Erin Kello

Two fund company transactions topped the asset management deal charts for 2011.

According to a new PricewaterhouseCoopers report, “Balancing Uncertainty and Opportunity”, the largest deal was bankrupt Lehman Brothers’ $1.5-billion sale of its remaining 49 percent stake in Neuberger Berman [profile] to Neuberger management [see MFWire.com, 3/19/2012].

The second largest deal was the acquisition of a 41 percent stake in American Century by Canadian Imperial Bank of Commerce (CIBC) for a price tag of $848 million [see MFWire.com, 8/31/2011].

In total the deals involving mutual funds totaled 71 percent ($2.3 billion) of the total asset management transaction value. Mutual Fund deals were 15 percent of all asset manager deals by volume

Looking ahead to 2012, PwC finds the opportunities for blockbuster deals lie in across the pond in Europe, as banks there continue to divest their non-core asset management businesses in response to the European debt crisis.  

Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

5.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2024: Q2Q1
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2024
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use