M&A Deal Summary

Legal & General Investment Management Acquires Canvas

On November 15, 2017, Legal & General Investment Management acquired financial services company Canvas from WisdomTree

Acquisition Highlights
  • This is Legal & General Investment Management’s 1st transaction in the Financial Services sector.
  • This is Legal & General Investment Management’s 1st transaction in the United Kingdom.

M&A Deal Summary

Date 2017-11-15
Target Canvas
Sector Financial Services
Buyer(s) Legal & General Investment Management
Sellers(s) WisdomTree
Deal Type Divestiture

Target

Canvas

London, United Kingdom
Canvas is a platform that has built a diverse range of ETFs working with partners and directly in a UCITS compliant ETF format. It manages investments for a number of ETFs on the platform, while also allowing partners to launch and manage their own ETFs.

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Buyer(S) 1

Buyer

Legal & General Investment Management

London, United Kingdom

Category Company
Sector Financial Services
DESCRIPTION

Legal & General Investment Management (Holdings) Ltd. is an asset managers and a major global investor, with total assets under management of £951.1 billion. We work with a wide range of global clients, including pension schemes, sovereign wealth funds, fund distributors and retail investors.


DEAL STATS #
Overall 1 of 1
Sector: Financial Services M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: United Kingdom M&A 1 of 1
Year: 2017 M&A 1 of 1

Seller(S) 1

SELLER

WisdomTree

London, United Kingdom

Category Company
Founded 2003
Sector Information Technology
DESCRIPTION

WisdomTree develops and distributes specialized exchange-traded commodities which include the WisdomTree UCITS Exchange Traded Funds (ETF), ETF Securities ETPs, and Boost ETP ranges. WisdomTree was founded in 2003 and is based in London, United Kingdom.


DEAL STATS #
Overall 2 of 2
Sector: Financial Services M&A 2 of 2
Type: Divestiture M&A Deals 2 of 2
Country: United Kingdom M&A 2 of 2
Year: 2017 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-11-13 ETF Securities - Exchange-Traded Commodity Currency and Short Leveraged Business

London, United Kingdom

ETF Securities (UK) Ltd. - Exchange-Traded Commodity, Currency and Short Leveraged Business has a comprehensive range of commodity, currency and short-and-leveraged products and more than 50 dedicated staff.

Sell -