F&C inks deal to buy Thames River, minus Nevsky

Thu Apr 29, 2010

F&C Asset Management has agreed to acquire Thames River Capital for up to £53.6 million ($70 million). The deal marks the first significant buy-out of a leading alternative asset manager in Europe after a long lull in M&A activity and comes at a time when many are predicting a possible wave of consolidation in the investment management industry.

The acquisition should close by the third quarter, after which Thames River – which has assets under management of £4.2 billion ($6.4 billion) - is expected to continue as a largely autonomous business, supported by F&C's distribution network and operating platform.

The acquisition forms part of F&C's strategy for developing its multi-specialist business model and...

ISSN: 2151-1845 / CDC10004H

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