Financial M&A » By The Online Investor Staff, updated Thu., Jun. 30, 4:36 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 financial solutions and investment strategies for wealth and asset management. Co. serves clients through its Wealth and Asset Management divisions. Co.'s Wealth Management private clients are composed of individual investors and families, small businesses and business owners, and non-profit organizations, endowments, and foundations. Co.'s Asset Management division includes its Intermediary Distribution Group, its Taft-Hartley team, and its Institutional and Consultant Relations teams, serving 401(k) plans, pension plans, organizations, institutional investors, and third-party investment consultants.
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