Twitter LinkedIn
    Friday, February 3
    Login
    0 Shopping Cart
    Twitter LinkedIn
    Private Equity InsiderPrivate Equity Insider
    • About Us
    • Digital Events
    • Our Network
      • Reach
      • Sponsors
      • Members
    Private Equity InsiderPrivate Equity Insider
    Home»Deals & Transactions»Australia’s AMP to sell unit’s global equities arm to Canadian firm
    Deals & Transactions

    Australia’s AMP to sell unit’s global equities arm to Canadian firm

    March 11, 20211 Min Read
    LinkedIn Facebook Twitter Email WhatsApp
    Share
    LinkedIn Facebook Twitter Email WhatsApp

    Australian wealth manager AMP Ltd said on Tuesday it would sell the global equities business of its asset management arm to Canadian investment manager Fiera Capital for an undisclosed sum. As part of the deal, four-year old Global Companies Fund with more than $500 million of assets under management would be transferred to Fiera Capital.

    AMP Capital’s four-person investment team would also move to Fiera Capital, AMP said. “The consideration to be paid for the Global Companies capability is not material to AMP or AMP Capital,” the company said in a statement.

    The deal comes on the heels of AMP’s plans to sell 60% of AMP Capital’s private markets business to U.S.-based Ares Management for A$1.35 billion ($1.03 billion).

     

    Read More

    Source: Reuters

    Reporting by Arundhati Dutta in Bengaluru; editing by Uttaresh.V

    Related

    Can't stop reading? This and all news articles are property of their creators, many are not owned or provided by Private Equity Insider. As an event organizer and community platform, we curate content from reliable sources for your suggested reading, and advise you to read the full articles from the referenced authors and sources.

    deals Investments Sale Transactions
    Share. LinkedIn Facebook Twitter Email WhatsApp

    Related Posts

    University of California invests $4 bn in redemption-stricken REIT

    January 3, 2023

    Warburg Pincus acquires K2 Insurance Services from Lee Equity Partners

    December 6, 2022

    CAI raises over $1B for inaugural fund and co-investment programme

    November 18, 2022

    KKR looking to sell Canadian gas producer Westbrick for $1.13B

    November 18, 2022

    Comments are closed.

    Other Articles

    Jack in the Box to acquire Del Taco for over $450 mln

    December 6, 2021

    Investcorp eyes India private equity growth and capital boost for online retailer

    October 6, 2021

    EDP Renewables to invest up to S$10 bln by 2030 for clean energy hub in Singapore

    February 24, 2022

    Blackstone Is Said to Call Off Mphasis Stake Sale on Valuations

    March 10, 2021

    Private Equity Insider LLC
    1212 Avenue of the Americas
    New York City 10036
    USA

    [email protected]

    Twitter LinkedIn
    © 2023 Private Equity Insider LLC. All rights reserved.
    • About
    • Terms of Use
    • Cookie Policy
    • Privacy Policy
    • Contact Us

    Type above and press Enter to search. Press Esc to cancel.

    View Cart Checkout Continue Shopping

    Sign In or Register

    Welcome Back!

    Login to your account below.


    Lost password?