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New Deal


Announced

Man Group to acquire a 51% stake in Asteria.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For51%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Switzerland

Asset Managers and Custodians

Pending

investment management

Acquisition

Private Equity

Friendly

Single Bidder

Cross Border

Majority

Private

Synopsis

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Man Group, an active investment management firm, agreed to acquire a 51% stake in Asteria, an investment company. Financial terms were not disclosed. "The partnership will focus on building out the offering, creating a diverse range of technology-enabled alternative and long-only investment strategies, bringing together Man Group’s expertise in bespoke portfolio solutions, the strong investment management capabilities of both Man Group and Asteria and F-ISPB’s private banking expertise, financial advisor network and client base. It will also be able to leverage F-ISPB and Man Group’s considerable distribution capabilities across Europe, with an initial focus on Italy." Man Group.

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