Next Wave Of MA: Investment Management Consolidation On The Rise
In 2020 there has been a flurry of merger and acquisition deals, particularly when it comes to investment management firms acquiring smaller firms. What's behind the sudden rise in MA activity? MA Deals In 2020 Morgan Stanley (NYSE: MS ) announced Feb. 20 it is buying E*Trade Financial Corp . (NASDAQ: ETFC ) in a $13-billion deal with the aim to reshape the investment bank. Franklin Resources, Inc . (NYSE: BEN ) announced Feb. 18 that it entered into a definitive agreement to acquire Legg Mason, Inc. (NYSE: LM ) for $4.5 billion. In the U.K., Jupiter said Feb. 17 it will pay 370 million pounds ($485.3 million) for Merian Global Investors in a deal that would create the second-largest retail asset management group in the U.K. Deloitte: Post-Merger Integration Is Key Investment managers will continue to rely on MA to diversify their product … Full story available on Benzinga.com
Next Wave Of MA: Investment Management Consolidation On The Rise
In 2020 there has been a flurry of merger and acquisition deals, particularly when it comes to investment management firms acquiring smaller firms. What's behind the sudden rise in MA activity? MA Deals In 2020 Morgan Stanley (NYSE: MS ) announced Feb. 20 it is buying E*Trade Financial Corp . (NASDAQ: ETFC ) in a $13-billion deal with the aim to reshape the investment bank. Franklin Resources, Inc . (NYSE: BEN ) announced Feb. 18 that it entered into a definitive agreement to acquire Legg Mason, Inc. (NYSE: LM ) for $4.5 billion. In the U.K., Jupiter said Feb. 17 it will pay 370 million pounds ($485.3 million) for Merian Global Investors in a deal that would create the second-largest retail asset management group in the U.K. Deloitte: Post-Merger Integration Is Key Investment managers will continue to rely on MA to diversify their product … Full story available on Benzinga.com