Acquisitions

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Goldman Sachs to buy NN Investment Partners

Goldman Sachs to buy NN Investment Partners

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.

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FE fundinfo acquires Nordic based FundConnect

FE fundinfo acquires Nordic based FundConnect

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.

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Team acquires JCAP

Team acquires JCAP

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.

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Union Bancaire to acquire Danske Bank International’s Wealth Management Business

Union Bancaire to acquire Danske Bank International’s Wealth Management Business

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.