Financial M&A » By The Online Investor Staff, updated Mon., Jan. 24, 1:06 PM
Recent mergers and acquisitions in the Financial M&A category.
| This Slide: #66 of 100 |
Slide #66. Manning & Napier, Inc. — 2100 Xenon
Acquirer:
Manning & Napier, Inc. (NYSE:MN)
Acquiree:
2100 Xenon
Details:
Manning & Napier, Inc. (NYSE:MN), ("Manning & Napier" or "the Company") today announced that it will acquire the business and operations of 2100 Xenon Group, LLC, an alternative investment manager specializing in managed futures and global macro strategies for institutional and individual clients. The acquisition will enhance Manning & Napier's alternative capabilities and provide increased product diversification to clients. The transaction is subject to certain regulatory approvals and is expected to close within the second quarter. Financial terms of the transaction were not disclosed.
Manning & Napier is an independent investment management firm that provides its clients with a range of financial solutions and investment strategies, including wealth management services. Co. serves its clients both directly, through its Wealth Management division and its Institutional efforts, and indirectly, through its Intermediary Distribution Group, which works with third-party financial advisors to serve their end-investors. The institutions Co. serves include 401(k) plans, pension plans, Taft-Hartley multi-employer plans, endowments and foundations. Co.'s investment management offerings include separate account composites and mutual funds and collective investment trusts.
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