M&A Deal Summary

Invesco Acquires AIM Management Group

On February 1, 1997, Invesco acquired financial services company AIM Management Group from TA Associates for 1.6B USD

Acquisition Highlights
  • This is Invesco’s 2nd transaction in the Financial Services sector.
  • This is Invesco’s largest (disclosed) transaction.
  • This is Invesco’s 2nd transaction in the United States.
  • This is Invesco’s 2nd transaction in Texas.

M&A Deal Summary
Date 1997-02-01
Target AIM Management Group
Sector Financial Services
Buyer(s) Invesco
Sellers(s) TA Associates
Deal Type Add-on Acquisition
Deal Value 1.6B USD

Target

AIM Management Group

Houston, Texas, United States
AIM Management Group is a leading sponsor of mutual funds and other investment products.

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Buyer(S) 1

Buyer

Invesco

Atlanta, Georgia, United States
Category Company
Founded 1935
Sector Financial Services
Employees8,527
Revenue 5.7B USD (2023)
DESCRIPTION
Invesco's corporate headquarters in Atlanta, Georgia.
Invesco's corporate headquarters in Atlanta, Georgia.

Invesco is an independent global investment manager. Invesco provides a comprehensive range of investment solutions to clients and has a significant presence in the institutional and retail markets within the investment management industry in North America, UK, Europe and Asia-Pacific. Invesco was founded in 1935 and is based in Atlanta, Georgia with an additional office in Hamilton, Bermuda.

DEAL STATS #
Overall 2 of 8
Sector (Financial Services) 2 of 8
Type (Add-on Acquisition) 1 of 4
State (Texas) 2 of 2
Country (United States) 2 of 6
Year (1997) 2 of 2
Size (of disclosed) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1997-01-01 AIM Investments

Houston, Texas, United States

AIM Investments provides financial services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2000-01-01 Trimark Financial

North York, Ontario, Canada

Trimark Financial Corp. provides investment management services to the funds in Canada.

Buy -

Seller(S) 1

SELLER

TA Associates

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1968
PE ASSETS 65.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

TA Associates is a private equity firm that targets investments in middle-market and large companies around the world. TA will consider control or minority investments in profitable companies and looks to commit between $70 and $500 million per transaction. TA proactively reaches out to companies directly in sourcing potential investment opportunities. Prospective businesses are generally valued between $100 million and $3 billion. Areas of interest include technology, software, communications, financial services, healthcare, business services, semiconductors/electronics, and consumer products/services. In addition to investing equity capital, TA also makes subordinated debt investments. TA's geographic preference is North America, Asia/Pacific, and Europe. TA Associates was formed in 1968 and is based in Boston, Massachusetts.

DEAL STATS #
Overall 32 of 255
Sector (Financial Services) 5 of 31
Type (Add-on Acquisition) 13 of 130
State (Texas) 3 of 19
Country (United States) 30 of 206
Year (1997) 1 of 5
Size (of disclosed) 9 of 67
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1997-01-01 Netcom Systems

Edison, New Jersey, United States

Netcom Systems, Inc. is a diversified consulting company specializing in the development, deployment and support of customized enterprise communications and computing solutions.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1997-08-01 OnTrak Systems

San Jose, California, United States

OnTrak Systems, Inc. is a supplier of advanced wafer processing equipment to the worldwide semiconductor industry.

Sell -
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