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New Deal


Announced

Completed

HNA Group to acquire Old Mutual for $445m.

Financials

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Transaction Value£399m
Consideration TypeCash
Capital Owned-
Capital Bid For25%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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Diversified Financials

Asset Managers and Custodians

asset management

Public

Completed

Friendly

Single Bidder

United Kingdom

Minority

Acquisition

Private Equity

Synopsis

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HNA Group, the Chinese travel-to-financial services conglomerate, has acquired 25% in Old Mutual’s US asset management business for $445m. “We are pleased to welcome HNA Capital US as a new, supportive investor in OMAM…We look forward to working with HNA Capital US to accelerate our growth strategy.” James Ritchie, OMAM chairman.

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