Wells Fargo Asset Management acquired by CTCR and Reverence Capital Partners
Wells Fargo Asset Management acquired by CTCR and Reverence Capital Partners
Wells Fargo & Company is to sell Wells Fargo Asset Management (WFAM) to GTCR and Reverence Capital Partners. The deal includes Wells Fargo Bank NA’s business of acting as trustee to its collective investment trusts and all related WFAM legal entities. Under the terms of the agreement, the purchase price is USD2.1 billion.