AMP suffers delays in bid to sell off investment management arm
Revised transaction structure has been agreed if original deal cannot be completed
Revised transaction structure has been agreed if original deal cannot be completed
Group led by CEO Daniel Daviau offered a 30.7% premium on firm’s share price
Both companies have private wealth and advice offerings
A round-up of people moves and M&A deals across North America
Combined group will have £80bn in assets under administration
It has completed five deals since receiving private equity investment in March 2021
Deal takes AuA to around £550m
Combined group will be worth around $22m
To bolster its tech offering for advisers across the country
‘The structure of every deal is as important as the price’
Deal adds £700m in assets under management
Firm admits it is currently engaged in discussions with several M&A targets