Deals & Transactions

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Ameriprise Financial to acquire BMO’s EMEA Asset Management Business

Ameriprise Financial to acquire BMO’s EMEA Asset Management Business

Ameriprise Financial, Inc has signed a definitive agreement with BMO Financial Group (BMO) to acquire its EMEA asset management business for GBP615 million, or approximately USD845 million. The all-cash transaction adds USD124 billion of AUM in Europe and is currently expected to close in the fourth quarter of 2021, subject to regulatory approvals in the relevant jurisdictions. 

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Xponance and Investcorp to launch strategic partnership in support of diverse and woman-owned managers

Xponance and Investcorp to launch strategic partnership in support of diverse and woman-owned managers

Xponance, a USD12 billion multi-strategy investment firm, and Investcorp, a USD35 billion leading global provider and manager of alternative investment products, have entered into a strategic partnership to collaborate on General Partnership (GP) staking and seeding interests in diverse and woman-owned alternative asset managers. This venture will build on the strengths of both Investcorp’s extensive alternatives expertise and Xponance’s long-lived and pioneering efforts in the seeding and funding of strategies offered by diverse and woman-owned managers.