The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
Friday, March 02, 2018|
George Walker Shares the Scope of His Unhurried M&A Strategy
George Walker is staying on the hunt for more teams and acquisition targets, but he says he has the time to be selective.
"We're not in a hurry. I meet with two or three teams a week — so 150 teams a year — and we'll add two," Walker, head of New York City-based Neuberger Berman [profile], tells the Financial Times. "What I care first, second and third about is that they're great investors and are going to deliver for our clients."
Walker puts his measured M&A pace in the context of Neuberger's ownership structure: about 535 of its employees collectively own 100 percent of the company. The firm has $295 billion in AUM and more than 1,900 employees across 31 cities.
For avid Neuberger watchers, the FT interview offers other tidbits: Walker walking his kids to school through the West Village and bumping into BlackRock chief Larry Fink; Walker talking about shareholder activism in the context of active vs passive; Walker's family tree; Neuberger's history under Walker; and more.
Printed from: MFWire.com/story.asp?s=57713
Copyright 2018, InvestmentWires, Inc.
All Rights Reserved