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New Deal


Announced

Completed

Callodine Group completed the acquisition of Manning & Napier for $294m.

Financials

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Transaction Value£224m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales2x
EV/EBITDA7.75x
Share Price Premium41%
One Off Charge-

Tags

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Domestic

investment manager

United States

Investment Banking

Friendly

Acquisition

Single Bidder

Public

Majority

Privatisation

Completed

Synopsis

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Callodine Group, an asset management platform, completed the acquisition of Manning & Napier, an investment solutions provider, for $294m. "Manning & Napier represents a best-in-class investment management firm that we are thrilled to welcome to the Callodine Group platform. Growing up in Rochester, NY and having previously been a shareholder of the Company after its IPO, we know this is a business with a long and proud tradition of delivering outstanding results for clients. We look forward to partnering with the current management team to continue to uphold that standard of excellence.," James Morrow, Callodine Founder and CEO.

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