Asset Management

Fund bosses see ‘Darwinian forces’ spurring M&A deals

Building scale and developing expertise in private markets are among the factors predicted to fuel future deals

AssetCo, which is chaired by City veteran Martin Gilbert and looks to buy stakes in wealth management companies, has made several deals this year.
AssetCo, which is chaired by City veteran Martin Gilbert and looks to buy stakes in wealth management companies, has made several deals this year. Photo: Getty Images

The pace of merger and acquisition activity won't let up, say some of Europe’s top fund bosses.

They predict asset managers will continue to seek deals to build expertise in booming asset classes and that smaller outfits will fall prey to rivals looking to add muscle.

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