FACTBOX-Top 10 asset management mergers and acquisitions
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)
© Thomson Reuters 2009 All rights reserved
India Investment Summit 2009
Top executives and bankers discuss their own plans and the broader opportunities and challenges for India. Full Coverage
GLOBAL RECOVERY
Global economy in holding pattern - IMF
The global economy is in a holding pattern and vulnerable to more upheaval, the head of the IMF said, adding a lasting recovery will depend on policymakers taking the proper steps in the coming months. Full Article





India
US
UK










