M&A Deal Summary

Goldman Sachs Asset Management Acquires Dwight Asset Management

On May 15, 2012, Goldman Sachs Asset Management acquired financial services company Dwight Asset Management from Old Mutual

Acquisition Highlights
  • This is Goldman Sachs Asset Management’s 1st transaction in the Financial Services sector.
  • This is Goldman Sachs Asset Management’s 1st transaction in the United States.
  • This is Goldman Sachs Asset Management’s 1st transaction in Vermont.

M&A Deal Summary
Date 2012-05-15
Target Dwight Asset Management
Sector Financial Services
Buyer(s) Goldman Sachs Asset Management
Sellers(s) Old Mutual
Deal Type Divestiture

Target

Dwight Asset Management

Burlington, Vermont, United States
Dwight Asset Management is a stable value money manager. Dwight Asset Management is based in Burlington, Vermont.

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Buyer(S) 1

Buyer

Goldman Sachs Asset Management

New York, New York, United States
Category Company
Sector Financial Services
DESCRIPTION

Goldman Sachs Asset Management (dba GSAM) is the asset management arm of The Goldman Sachs Group. GSAM offers advisory services to individuals and institutional clients around the world from offices in the US, Europe, and Asia.

DEAL STATS #
Overall 1 of 18
Sector (Financial Services) 1 of 4
Type (Divestiture) 1 of 3
State (Vermont) 1 of 1
Country (United States) 1 of 15
Year (2012) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-04-22 Westpeak Global Advisors

Boulder, Colorado, United States

Westpeak Global Advisors is an innovator in the smart beta business. In addition to comprehensive and fully-customizable solutions for smart beta investing, Westpeak also offers strategic alliances with global index providers and asset owners. Westpeak is based in Boulder, Colorado.

Buy -

Seller(S) 1

SELLER

Old Mutual

Pinelands, United Kingdom
Category Company
Founded 1845
Sector Financial Services
Revenue 13.6B GBP (2015)
DESCRIPTION

Old Mutual Ltd. is an international financial services company with expanding operations in life assurance, asset management, banking, and general insuarnce. Old Mutual was formed in 1845 and is based in Pinelands, South Africa.

DEAL STATS #
Overall 5 of 8
Sector (Financial Services) 5 of 6
Type (Divestiture) 5 of 8
State (Vermont) 1 of 1
Country (United States) 2 of 2
Year (2012) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2003-10-27 Gerrard Management Services

London, United Kingdom

Gerrard Management Services Ltd. is a major stockbrokers with £12.5 billion of funds under management as at 30 September, 2003.

Sell £210M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-10-17 Quilter

London, United Kingdom

Quilter is a UK private wealth management group with £7.6 billion of assets under management. Its clients group includes private individuals, charities and trusts, pension funds, corporate bodies and life companies.

Buy $941M
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