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FACTBOX-Top 10 asset management mergers and acquisitions

Fri Jun 12, 2009 11:20pm IST
 
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 June 12 (Reuters) - BlackRock (BLK.N: Quote, Profile, Research) has agreed to buy Barclays Global
Investors to create the world's biggest asset manager in a $13.5 billion deal,
the largest acquisition of an asset manager since at least 1990.
 San Francisco-based BGI's $1.5 trillion in funds will give BlackRock $2.8
trillion in assets under management, catapulting it to a dominant position with
twice the assets of nearest rival State Street (STT.N: Quote, Profile, Research).
 Following are the biggest mergers and acquisitions in the asset management
industry since 1990. Deal values refer to the size of the transaction when it
was announced, rather than when it closed:
DATE     TARGET                  DEAL VALUE ACQUIROR
                                 (in $)
06/11/09 BGI                       13.5 bln BlackRock
02/15/06 Merrill Lynch Invest Mngs  9.5 bln BlackRock
10/10/07 Resolution Plc             7.5 bln Impala Holdings
06/20/07 Nuveen Investments         6.2 bln Merrill Lynch Global Private
                                         Wachovia Capital Partners
                                         DB Capital Partners
                                         Credit Suisse Private Equity
                                         DLJ Merchant Banking
                                         Madison Dearborn
04/26/07 PPF Group-Central & Eastern4.9 bln Generali SpA-Central & Eastern
01/22/09 KBC Groep NV               4.6 bln Flemish Regional Government
02/05/07 Investors Financial Svcs   4.5 bln State Street Corp
10/27/08 KBC Groep                  4.4 bln Kingdom of Belgium
06/20/00 Sanford C Bernstein        4.0 bln Alliance Capital
02/01/07 Putnam Investments         3.9 bln Great-West Lifeco
 Source: Thomson Reuters.
 (Reporting by Juan Lagorio; editing by Leslie Gevirtz)


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