M&A Deal Summary

Henderson Group Acquires Gartmore Group

On April 4, 2011, Henderson Group acquired financial services company Gartmore Group from Hellman & Friedman and Sageview Capital for 355M GBP

Acquisition Highlights
  • This is Henderson Group’s 2nd transaction in the Financial Services sector.
  • This is Henderson Group’s 0th largest (disclosed) transaction.
  • This is Henderson Group’s 1st transaction in Cayman Islands.

M&A Deal Summary
Date 2011-04-04
Target Gartmore Group
Sector Financial Services
Buyer(s) Henderson Group
Sellers(s) Hellman & Friedman
Sageview Capital
Deal Type Add-on Acquisition
Deal Value 355M GBP

Target

Gartmore Group

Grand Cayman, Cayman Islands
website
Gartmore Investment Management plc is a independent, multi-product asset management firm providing long-only and alternative investment products to retail and institutional investors in the UK, Continental Europe, the U.S., Japan, and Latin America.

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Buyer(S) 1

Buyer

Henderson Group

London, United Kingdom

website

Category Company
Founded 1934
Sector Financial Services
Employees922
Revenue 666M USD (2014)
DESCRIPTION

Henderson Global Investors (Henderson) is an independent global asset management firm. Henderson Group was founded in 1934 and is based in London, United Kingdom.

DEAL STATS #
Overall 2 of 2
Sector (Financial Services) 2 of 2
Type (Add-on Acquisition) 2 of 2
Country (Cayman Islands) 1 of 1
Year (2011) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-04-09 New Star Asset Management Group

London, United Kingdom

New Star Asset Management Group Ltd. is a provider of asset management and financial services.

Buy -

Seller(S) 2

SELLER

Hellman & Friedman

San Francisco, California, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1984
PE ASSETS 50.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Hellman & Friedman (H&F) is a large private equity firm on the West Coast of the US. H&F focuses on control and minority investments in a variety of transaction structures and will consider opportunities across the US and Europe. H&F seeks buyouts and business in need of restructurings that operate in defensible markets with predictable revenue and earnings growth. Target sectors include financial services, healthcare, indusrial, energy, insurance, media, marketing, professional services, software, and information services. H&F's target equity investment size is $300 million to $1 billion. Hellman & Friedman was formed in 1984 and has offices in San Francisco, New York City, and London.

DEAL STATS #
Overall 24 of 59
Sector (Financial Services) 3 of 9
Type (Add-on Acquisition) 6 of 13
Country (Cayman Islands) 1 of 1
Year (2011) 3 of 6
Size (of disclosed) 14 of 19
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-04-04 Activant Solutions

Livermore, California, United States

Activant Solutions Inc. is a technology provider of business management solutions serving mid-market retails and distributors. Activant provides customers with industry-specific software, professional services, content, supply chain connectivity, and analytics. Activant’s systems are designed to help customers increase sales, boost productivity, operate more cost-efficiently, improve inventory turns and enhance trading partner relationships. Activant has operations in California, Texas, Colorado, Illinois, Pennsylvania, South Carolina, Canada, Ireland and the United Kingdom.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-04-06 Artisan Partners Distributors

Milwaukee, Wisconsin, United States

Artisan Partners Limited Partnership is a leading independent, multi-product investment management firm that currently manages approximately $50 billion in assets. The Company, founded in 1994, has investment teams located in Milwaukee (its headquarters), San Francisco, and Atlanta.

Sell -
SELLER

Sageview Capital

Palo Alto, California, United States

Investor Investor Investor Investor Investor

website

Category Growth Capital Firm
Founded 2005
PE ASSETS 2.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Sageview Capital is a private investment firm focused on minority investments in financial services, technology, and business services companies. Sageview looks to invest $20 to $100 million per transaction to support growth, provide acquisition financing, or fund shareholder liquidity needs. Target companies typically possess proven business models, strong management, opportunities for growth, and defensible market positions. Sageview Capital was formed in 2005 and has offices in Palo Alto, California and Greenwich, Connecticut.

DEAL STATS #
Overall 3 of 15
Sector (Financial Services) 1 of 4
Type (Add-on Acquisition) 1 of 4
Country (Cayman Islands) 1 of 1
Year (2011) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-04-01 Southern Pacific Resource

Calgary, Alberta, Canada

Southern Pacific Resource Corp. is an oil and gas company engaged in the development, exploration and production of in-situ oil sands and heavy oil assets in Western Canada. The Company currently produces heavy oil in southern Saskatchewan and has an average 89% working interest in 338 sections of oil sands leases in Alberta's Athabasca oil sands, including a thermal project at McKay.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-05-01 Boingo Wireless

Los Angeles, California, United States

Boingo Wireless, Inc. is a global network of wireless access points that provide high-speed, high-bandwidth wireless connectivity to smartphones, tablets, laptops, wearables, the Internet of Things, and other wireless-enabled devices. Boingo Wireless was founded in 2001 and is based in Los Angeles, California.

Sell -
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