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Announced

Completed

Pendal Group completed the acquisition of Thompson, Siegel & Walmsley from BrightSphere for $320m.

Financials

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Transaction Value£228m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Acquisition

investment manager

Private

United States

Friendly

Majority

Single Bidder

Asset Managers and Custodians

Cross Border

Private Equity

Completed

Synopsis

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Pendal Group, an independent, global investment management business, completed the acquisition of Thompson, Siegel & Walmsley, a Virginia-based value investment manager, from BrightSphere, a diversified, global asset management company, for $320m. "We are thrilled to welcome the TSW team and its clients to Pendal Group. Client support has been incredibly strong, with 96% of TSW client consent received in just 11 weeks. It is testament to the compatibility and drive of the two organizations and their teams that we have completed the acquisition well ahead of original expectations," Nick Good, Pendal Group CEO.

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