Mergers and Acquisitions
Thirty-two money management deals took place in the third quarter of 2021. In the third quarter of 2020, there were 15 transactions. Assets under management involved in the latest quarter's transactions totaled $1.04 trillion, up 167% from $389.5 billion in the previous quarter.
Twenty money management deals took place in the second quarter of 2021. In the first quarter, there were 28 transactions. Assets under management involved in the latest quarter's transactions totaled $389.5 billion, down 69% from $1.26 trillion in the previous quarter. There also were 21 deals in the quarter that did not involve money managers.
Twenty eight money management deals took place in the first quarter of 2021. In the first quarter of 2020, there were nine transactions. Assets under management involved in the latest quarter's transactions totaled $1,262 billion, down 45% from $2,294 billion in the previous quarter.
Information technology and consulting business Wipro agreed to acquire Capco in a $1.5 billion deal.
Cairn Capital Group agreed to acquire specialist distressed credit manager Bybrook Capital for an undisclosed sum.
Sundaram Asset Management will bulk up by acquiring Mumbai-based Principal Asset Management and its $1 billion in assets under management.
MJ Hudson acquired private markets performance analytics firm PERACS in a $2 million deal.
Polar Capital will acquire U.K. boutique money manager Dalton Strategic Partnership in a $20 million deal.
Candriam and New York Life Investments Alternatives will take a total 33% stake in European private capital firm Kartesia Management.
Aegon is selling its insurance, pension and money management businesses in Hungary, Poland, Romania and Turkey to Vienna Insurance Group.
