Announced
Completed
Financials
Sources
Tags
Diversified Financials
Asset Managers and Custodians
asset management
Public
Completed
Friendly
Single Bidder
United Kingdom
Minority
Acquisition
Private Equity
Synopsis
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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