Tue, Jul 25, 2017
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Freeman & Co: 32% more asset management M&A transactions so far this year

Tuesday, July 02, 2013

Benedicte Gravrand, Opalesque Geneva:

This time last year, problems with European economies overshadowed much of the progress made in the global rehabilitation of the financial industry, states Freeman & Co., a boutique M&A advisory firm based in New York. But now, there are signs of recovery and renewed confidence.

Indeed, in the first half of 2013 (1H-13), the number of M&A transactions whithin the asset management industry increased by 32% (from 57 in 1H-12 to 75 in 1H-13), and had twice as many +10bn deals as in 1H-12 (20 deals compared to 10). Transactions so far this year represent $1.2tln of AuM, an increase of 156% over 1H-12’s $468m ($1.4tln for the full 2012). There were 42 transactions in the U.S. (up 31% from 32 in 1H-12) and 29 in Europe (up 71% from 17 in 1H-12).

M&A activity among broker dealers, financial technology, specialty finance and private equity in financial services remained subdued, but should normalise by the end of the year.

"2013 is a year of refocusing. Large asset managers are focusing on solutions and broadening capabilities. Broker‐dealers are focusing on consolidation, with a new group of middle market firms taking the lead, and in specialty finance appetite for acquiring niche consumer lending companies continues. We expect activity to accelerate throughout 2013, increasing 10‐20% in the second half of the year," says Eric Weber, Managing Director ......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Launches - Crypto boom: 15 new hedge funds want in on 84,000% returns, Crypto madness is striking VCs as Union Square analyst leaves to start new fund[more]

    Crypto boom: 15 new hedge funds want in on 84,000% returns From Forbes.com: With 43 projects raising $1.2 billion in initial coin offerings since May 1, according to Nick Tomaino's The Control, and with stratospheric returns for so many ICOs -- 82,000% for Ethereum, 56,000% for IOTA, 44,

  2. FinTech - The machines are coming... Elon Musk's grim warning, Tezos' $232 million ICO may just be the beginning, A gentle introduction to Initial Coin Offerings (ICOs), Billion dollar tokens, ICOS & crazy market swings WTF is going on!?, How AI is changing the way we invest, How the tech revolution is bringing flip-flops and beanbags to Wall Street, A 'machine-learning' approach to venture capital[more]

    The machines are coming... Elon Musk's grim warning From Tenplay.com.au: Tesla chief Elon Musk has called on US Governors to take 'decisive' action to curtail "the greatest risk we face as a civilization": Artificial Intelligence, or AI. Speaking at a meeting of the National Governor Ass

  3. News Briefs – Sears inks $200 million credit line from CEO Eddie Lampert's hedge fund, shares jump 9%, Rwanda: Global hedge fund to increase investments[more]

    Sears inks $200 million credit line from CEO Eddie Lampert's hedge fund, shares jump 9% Sears Holdings has landed a fresh line of credit, valued at $200 million, from its CEO Eddie Lampert's hedge fund, the retailer said Monday. Sears' stock climbed about 9 percent higher Monda

  4. Despite current limits, robo-advisors will be preferred investment solution for retail, gain importance for affluent and high net worth[more]

    Matthias Knab, Opalesque: Flynt, a Swiss FinTech focusing on proprietary technology platform for private and institutional clients, has published a brief paper on "Investing in the world of robo-advice and passive instruments". As investors will become more reluctant to pay for investment advi

  5. Investing - Hedge fund CQS favors structured credit, Direct lending funds' fading all-weather appeal, Funds hunt for cracks in most-prized US shopping malls[more]

    Hedge fund CQS favors structured credit From BArrons.com: A hedge fund manager that can invest across the investment landscape says in his latest semi annual report this week that he's finding opportunities in structured credit -- particularly the shorter term, floating rate kind. Exampl