Financial services businesses that handle assets or money for clients are hot targets these days. For asset managers buying other asset managers, the size bump helps when it comes to handling regulatory and compliance pressure. Private equity firms and other companies making acquisitions in the sector also like it for growth prospects.
New York investment bank Loeb Partners has teamed up with London firm Spencer House Partners LLP to capitalize on deal activity in the space. The firms’ strategic alliance, Loeb Spencer House Partners LLP, will provide cross-border advice to financial institutions, with a focus on deals for asset managers.