Cigna in massive $67bn acquisition
Health insurer Cigna Corporation is to acquire US Fortune 100 company Express Scripts for a staggering $67bn (£48bn, €54bn).
M&A Deals
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China Everbright acquires US asset manager
The real estate asset management arm of Hong Kong-listed China Everbright has acquired Texas-based, real estate investment specialist Arrow.
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Chinese conglomerate buys $52m stake in Brazil wealth manager
Chinese insurance and investment group Fosun has added wealth management to its operations after announcing it is to acquire a Brazilian wealth manager for $52m (£37.3m, €42.3m).
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Standard Life Aberdeen exits life insurance
Following the sale of Standard Life Aberdeen’s insurance arm to consolidator Phoenix Group for £3bn ($4.2bn, €3.4bn), the company will have no insurance business at all, a spokesperson confirmed to International Adviser.
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Sanlam UK acquires £60m financial planner firm
Sanlam UK has continued its expansion by acquiring financial planning firm Grennan Advisers, adding £60m of assets under management (AUM).
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Old Mutual Wealth acquires £40m IFA
Old Mutual Wealth Private Client Advisers has acquired Wiltshire-based IFA firm A&M Financial Services.
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US asset manager acquires Dutch ETF firm
Global asset manager VanEck is to acquire Netherlands-based Think ETF Asset Management, more than trebling the number of Ucits ETFs the New York firm has available in Europe from six to 20.
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EY acquires US tax advisory
Private client and property advisers RPR Partners has have been acquired by EY.
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Globaleye exits Hong Kong, sells out to Holborn
Holborn Assets has acquired Globaleye Hong Kong, in a move that sees the Dubai-headquartered advice firm exit the special administrative region.
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UK wealth giant rebrands and embraces independent advice
Six months after their £6bn merger, Ascot Lloyd Financial Services and Bellpenny have become a single, fully independent advisory company under the brand Ascot Lloyd.
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Old Mutual Wealth buys Yorkshire advice firm
Old Mutual Wealth Private Client Advisers (OMWPC) has acquired Bradford-based adviser, Coleman Clough.
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Trust acquisition adds Asia presence to $95bn offshore specialist
Bermuda-based Bank of N.T. Butterfield & Son will establish an Asia presence following its acquisition of Deutsche Bank’s Global Trust Solutions (GTS) business.