M&A Deals
Alternatives | 20 Apr 17
Schroders boosts private equity holdings with Adveq deal
Schroders is set to expand its private equity business through the acquisition of Swiss-based private equity firm Adveq Holding for an undisclosed sum.
Focus Financial sells majority stake to two private equity firms
Private equity firms KKR & Co and Stone Point Capital have announced plans to take a majority stake in Focus Financial Partners, a US-based network of independent fiduciary wealth management firms, in a deal worth $2bn (£1.6bn, €1.9bn).
Old Mutual ‘planning to exit’ China via joint venture sale
Old Mutual is reportedly pulling out of China after putting its stake in a joint venture with a local life insurer up for sale.
Hong Kong Life Insurance sold in $914m deal
Hong Kong Life Insurance has been sold to local investment firm First Origin International for HK$7.1bn (£738m, $914m, €850m) in the latest insurance M&A deal in the special administrative region.
Phoenix Group on growing and consolidating its brood
Having bought Axa Wealth and Abbey Life in 2016, Phoenix Life chief executive Andy Moss tells International Adviser about the group’s consolidation history and how it brings all of its new business on board.