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The first installment of our new predictive index shows that dealmakers expect overall M&A to increase, with health care outperforming the overall market READ MORE 

SLIDESHOW

ACG New York Women of Leadership - Entrepreneur Series
Barbara Bradley Baekgaard, founder of Vera Bradley (Nasdaq: VRA), is the latest in a series of entrepreneurs highlighted at ACG New York Women of Leadership events. Photo credit: Robert Blumenfeld

Watercooler

GTCR, Hormel, the Riverside Co-CEOs and Others Win M&A Mid-Market Awards
Amid a slow and challenging year for dealmaking, the winners of Mergers & Acquisitions’ 7th Annual M&A Mid-Market Awards outpaced the competition to grow, innovate and lead the middle market

Roundtable

Financial Services Companies Heat Up M&A Market
Speakers from Flexpoint Ford, Genstar Capital, Baird Capital, Madison Capital Funding and Katten Muchin Rosenman discuss the various factors playing a role in M&A activity within the financial services space

Expert's Corner

Pursuing Pharma Manufacturing
The fragmented pharmaceutical manufacturing industry provides plenty of opportunities for private equity investors, says JLL Partners founder Paul Levy

Financial Services
Aberdeen Buys Artio for $175M

The asset manager also agreed to buy SVG Advisers for $27.3M and integrate it into its private equity fund of funds business

Aberdeen Asset Management PLC will buy Artio Global Investors Inc. (NYSE: ART), an asset management holding company, for $175 million.

The purchase price works out to $2.75 per share.

The deal should expand Aberdeen’s North American business and add to its fixed-income capabilities. The company manages about $302 billion in third-party assets.

As of Dec. 31, New York-based Artio managed about $14.3 billion in assets for a diversified retail and institutional client base. The deal is expected to close by the second or third quarter of 2013.

Aberdeen, headquartered in Philadelphia, also agreed to buy a 50.1 percent stake in SVG Advisers, a private equity specialist, for $27.3 million. SVG will be integrated into Aberdeen’s private equity fund of funds business. 

 

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