Announced
Financials
Sources
Tags
Switzerland
Asset Managers and Custodians
Pending
investment management
Acquisition
Private Equity
Friendly
Single Bidder
Cross Border
Majority
Private
Synopsis
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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