The Goldman Sachs Group, Inc. (“Goldman Sachs”) today announced that it has entered into an agreement to acquire NN Investment Partners from NN Group N.V. for approximately EUR1.6 billion. The transaction is expected to close by the end of the first quarter of 2022, subject to regulatory and other approvals and conditions.
FE fundinfo, a global fund data and technology leader, has acquired FundConnect, the fund data and technology company based in Denmark. The deal brings together FE fundinfo’s fund data and technology expertise in the UK, Europe & Asia with FundConnect’s complementary set of services and their unique position in the Nordic fund industry.
GenXFinancial, a US-based wealth management firm specialising in continuity, succession planning and facilitating growth for NextGen financial professionals, has announced its acquisition of Boston Partners Financial Group.
iM Global Partner, a global asset management network, has made another alliance in its US expansion by entering a partnership with Richard Bernstein Advisors (RBA). The firm acquired a 45 per cent non-controlling stake in RBA as of July 28, 2021.
IQ-EQ has announced the acquisition of Davy Global Fund Management, part of Davy Group, one of Ireland’s largest domestic financial services businesses servicing a domestic and international client base from its offices in Dublin, London and Luxembourg.
The international multi-family office, Stonehage Fleming, has acquired the private client services business of Maitland, a privately owned global advisory, administration and family office firm.
Close Brothers Asset Management has acquired PMN Financial Management LLP. The firm was founded in 1992 and currently manages nearly GBP300 million of assets for its high net worth client families. PMN’s partners, advisers and support team will all join CBAM as part of the agreement.
TEAM plc, the recently listed wealth, asset management and complementary financial services group, is pleased to announce that on 2 July 2021 it acquired JCAP Limited, trading as JCAP Treasury Services, a leading Jersey based provider of cash management services, focused on improving the return and mitigating the risks associated with the management of cash for institutions, professional advisers, trustees and high net worth individuals. JCAP has over GBP1.3 billion in assets under advice.
Union Bancaire Privée, UBP SA (UBP) and Danske Bank A/S have entered into an agreement whereby Union Bancaire Privée (Europe) SA will acquire Danske Bank’s wealth management business in Luxembourg, operating through Danske Bank International SA (DBI). The transaction, which is an asset deal, is subject to the approval of the relevant regulatory bodies and is expected to be completed in the fourth quarter of 2021.