M&A Deal Summary

Legg Mason Acquires The Permal Group

On November 3, 2005, Legg Mason acquired financial services company The Permal Group for 800M USD

Acquisition Highlights
  • This is Legg Mason’s 3rd transaction in the Financial Services sector.
  • This is Legg Mason’s largest (disclosed) transaction.
  • This is Legg Mason’s 1st transaction in the United Kingdom.

M&A Deal Summary
Date 2005-11-03
Target The Permal Group
Sector Financial Services
Buyer(s) Legg Mason
Deal Type Add-on Acquisition
Deal Value 800M USD

Target

The Permal Group

London, United Kingdom
website
Permal is a leading global alternative asset manager, offering investment solutions through established funds and customized portfolios. Established in 1973, the Group has four decades of experience in manager selection, asset allocation and risk management.

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Buyer(S) 1

Buyer

Legg Mason

Baltimore, Maryland, United States

website

Category Company
Founded 1899
Sector Financial Services
Employees3,246
Revenue 2.9B USD (2019)
DESCRIPTION

Legg Mason, Inc. is an asset management firm, providing active asset management in many major investment centers throughout the world. Legg Mason helps investors globally achieve better financial outcomes by expanding choice across investment strategies, vehicles and investor access through independent investment managers with diverse expertise in equity, fixed income, alternative and liquidity investments. Legg Mason was formed in 1899 and is based in Baltimore, Maryland.

DEAL STATS #
Overall 3 of 7
Sector (Financial Services) 3 of 6
Type (Add-on Acquisition) 3 of 6
Country (United Kingdom) 1 of 2
Year (2005) 1 of 1
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2001-07-18 Royce & Associates

New York, New York, United States

Royce is one of the largest active small-cap value managers in the United States, based on its open- and closed-end fund assets under management.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-03-04 QS Investors

New York, New York, United States

QS Investors delivers disciplined and systematic solutions that address clients’ complex investment challenges.

Buy -
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