M&A Deals
La Française takes near 50% stake in UK firm
European asset manager La Française is to take a 49.9% stake in Alger Management, a UK subsidiary of American growth manager Fred Alger Management.
Manulife Asia merger to target $19trn
Manulife Asia has merged its wealth and asset management divisions in order to target $19trn worth of untapped cash deposits throughout the region.
Aviva to cut 1500 jobs in Friends Life takeover
Aviva has said its £5.6bn takeover of Friends Life will lead to around 1500 job losses.
simplybiz plans aim float or sale
UK IFA support firm SimplyBiz has appointed corporate finance advisers BDO to consider a flotation or sale of the business.
Axa buys 77 stake in Nigerian insurer
The Axa Group has bought a majority stake in Nigeria based life company, Mansard Insurance.