Financial firms M&A

Mergers and acquisition activity among financial firms spiked in 2015, compared to previous years with 117 deals closed, according to data collected by P&I's Research Center. Through three quarters, 95 deals have been closed in 2016. Henderson Global Investors' merger with Janus Capital Management was the first of the fourth quarter.

The majority of the deals since 2008 have been acquisitions, with the balance spread among joint ventures, mergers, spinoffs and initial public offerings. About 64% of the acquirers, or eventual parents, companies have been U.S.-based; 15% were U.K.-based.

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