|
KPMG Analysis
A Snapshot of the Key Trends, Issues and Challenges Facing the Investment Management Industry
These include geopolitical instability, regulatory change, changes to distribution models, due diligence and transparency and impact on new potential marketing players.
More
Working with Private Equity Portfolio Companies
KPMG and Directorbank conducted a survey of over 300 senior executive and non-executive directors of portfolio companies to find out their views of life under private equity ownership and what skills they valued.
More
|
|
Feature of the Month
The Asset Management Shakeout
The gusher of new money that has fed the growth of the global asset management industry for a generation has slowed to a trickle, making the next few years make-or-break for many firms.
More
Industry M&A Activity
|
Aquiline Capital Partners
and
Genstar Capital
agreed to acquire
Genworth Wealth Management
for approximately $413 million. (3/27)
Credit Suisse
agreed to acquire
Morgan Stanley’s
wealth management arm in Europe, the Middle East, and Africa. Terms were not disclosed. (3/27)
Schroders Investment Management
agreed to acquire
Cazenove Capital
for $646 million. (3/25)
Gottex Fund Management
agreed to acquire a majority interest in
Frontier Investment Management
, a UK
multi-asset
investment management firm, for up to 450,000 shares of
Gottex
plus cash consideration, adjusted for Frontier’s future revenues. (3/20)
Principal Global Investors
agreed to acquire a 55 percent stake in
London-based
investment boutique
Liongate Capital Management
. Terms were not disclosed. (3/5)
|
M&A Statistics
|
Deal volume fell sharply in Q1-13 (49 percent on a
linked-quarter
basis) mainly due to sellers' attempt to close transactions prior to
year-end
and ahead of the possible tax increases. Deal activity in 2013 has been largely driven by an increase in bank divestitures of asset management units and continued demand for alternative asset managers.
View Data Detail
|
Other News
AXA Close to Spinning Off Private Equity Arm
French insurer AXA is close to selling a majority stake in its private equity arm to a group of investors led by its management, in a deal valuing the unit at about 500 million Euros ($646 million).
More
Credit Suisse Winds Down Hedge-Fund Unit
Credit Suisse Group is winding down a unit that invests in hedge funds and other investment managers, marking the latest maneuver by a big bank in response to stricter rules on the way it manages capital and risks.
More
China’s CITIC Securities Taps Goldman Model to Hedge on Global Future
CITIC plans to boost earnings with asset management business.
More
Investors Warn EU Hedge Fund Rules Could Hit Other Funds
The letter highlights concerns that the impact of the rules, crafted to regulate hedge funds and private equity firms, could spill over into regulation of more conventional mutual funds sold across Europe known as UCITS.
More
Latin American Buyout and VC Deals Reach Five-Year High
Buyout and venture capital firms spent $7.9 billion purchasing companies in Latin America last year after heavy fundraising during the prior two years.
More
Back to top
|
|
For more information about KPMG's transaction services capabilities in the investment management sector please contact:
Miguel Sagarna
, Partner at
212-872-5543
Brian Seidler
,
Managing Director at
212-954-3217
.
|
|
