Largest announced money manager transactions by deal value, in millions.
Firm purchased
Acquirer
Date
% acquired
Deal value
Mellon Financial Corp.
Bank of New York
December 2009
100%
$17,619
Merrill Lynch Inv. Mgrs.
BlackRock
February 2009
100%
$9,602
Nuveen Investments
Madison Dearborn Partners (MBO)
June. 2009
100%
$5,750
Mercury Asset Mgmt.
Merrill Lynch
September 1997
100%
$5,326
Global Asset Mgmt. + 3 private banks
Julius Baer
September 2009
100%
$4,600
Barclays Global iShares*
CVC Partners
April 2009
100%
$4,400
Blackstone Group
IPO
June 2009
12%
$4,130
Robert Fleming Holdings asset mgmt. division
Chase Manhattan
April 2000
100%
$4,100
Putnam Investments
Power Financial
February 2009
100%
$3,900
Citigroup Asset Mgmt.
Legg Mason
June 2009
100%
$3,700
GLG Partners
Freedom Acquisition Holdings and Sal. Oppenheim
June 2009
100%
$3,571
Sanford Bernstein & Co.
Alliance Capital Mgmt.
June 2000
100%
$3,500
U.S. Trust
Bank of America
November 2009
100%
$3,300
PIMCO Advisors
Allianz
November 1999
69%
$3,238
M&G Group
Prudential
March 1999
100%
$3,109
*The BlackRock offer for all of BGI supercedes the CVC deal. CVC now has five business days to match BlackRock's offer for all of BGI, not just the iShares business. Value converted to U.S. currency at time of announcement. Source: Jefferies Putnam Lovell
