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New Deal


Announced

JP Morgan to acquire CIFM from Shanghai International Trust for c. $1bn.

Financials

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Transaction Value£815m
Consideration TypeCash
Capital Owned51%
Capital Bid For49%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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Private

China

asset management

Pending

Acquisition

Single Bidder

Asset Managers and Custodians

Minority

Friendly

Private Equity

Synopsis

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JP Morgan agreed to acquire the remaining 49% stake in China International Fund Management, its joint venture company with Shanghai International Trust, an investment company, for c. $1bn. "As we advance our onshore business in this critically important market, we look forward to continuing to meet the evolving needs of Chinese and international investors," Paul Bateman, JP Morgan Asset Management Chairman.

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