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Announced

Candriam to acquire hedge fund business of Rothschild & Co.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Majority

Private

Single Bidder

Pending

Private Equity

United Kingdom

alternative investment

Acquisition

Friendly

Hedge Funds

Domestic

Synopsis

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Candriam, a pan-European asset management firm, agreed to acquire hedge fund business of Rothschild & Co. Financial terms were not disclosed. "The deal will help Candriam enter a new development phase in the alternative investment space, which should prove particularly appealing to investors in the current environment," Fabrice Cuchet, Candriam Deputy Chief Investment Officer.

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