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Announced

Ares Management terminates the $4.5bn acquisition of AMP.

Financials

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Transaction Value£3,474m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Full Line Insurance

insurance services

Australia

Friendly

Majority

Single Bidder

Scheme

Private Equity

Cross Border

Public

Acquisition

Failed

Synopsis

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Ares Management terminated the $4.5bn acquisition offer for AMP, a financial services company in Australia and New Zealand. Ares is still interested in AMP Capital, the firm’s asset management unit that invests across unlisted real estate, infrastructure and global markets. The offer for the whole company was abandoned partly because of concerns over the deteriorating performance of AMP’s wealth management business.

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