Wed, Nov 26, 2014
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. Investing - George Soros puts $500m of his money on Bill Gross, Soros, Paulson backed Hispania Activos mulls Realia takeover, Ex-Credit Suisse trader’s hedge fund sees yen shorts as crowded, Hedge hunters double default-swaps as views split, Large hedge fund positions come under pressure, Vikram Pandit's fund picks 50% stake in JM Financial's realty lending arm for $87m[more]

    George Soros puts $500m of his money on Bill Gross From WSJ.com: Before Bill Gross was fully settled in at his new firm, Janus Capital Group Inc., he received an unlikely visit from the chief investment officer of famed investor George Soros ’s firm, according to a person familiar with t

  2. Legal - Hedge fund manager fights £8m tax tribunal ruling[more]

    From FT.com: A hedge fund manager who may have to repay £8m in tax is trying to overturn a tribunal ruling that found he had attempted to shelter millions in an avoidance scheme. Patrick Degorce, chief investment officer at Theleme Partners, lost a tax tribunal case last year. HM Revenue & Customs c

  3. Europe - Hedge funds face exit tax as Iceland central bank discusses plan[more]

    From Bloomberg.com: Hedge funds and other creditors with claims against Iceland’s failed banks face an exit tax as the island looks for ways to unwind capital controls without hurting the economy. The government targets having a plan it can present by year-end that would map out how Iceland will sca

  4. Opalesque Exclusive: Risk management emerges as a competitive focus area for hedge funds[more]

    Bailey McCann, Opalesque New York: Risk management has always been a core component of any trading strategy, as well as a critical part of business management. However, as macreconomic weakness persists, and alpha becomes increasingly hard to generate, risk management as emerged as a more promin

  5. Gross: Inflation is required to pay for prior inflation[more]

    Benedicte Gravrand, Opalesque Geneva: As inflation rises, every dollar will buy a smaller percentage of a good. While deflation will mean a decrease in the general price level of goods and services. These two economic conditions are both in the waiting room. The consensus would like the former to