M&A Deal Summary

Man Group Acquires Numeric Investors

On September 25, 2014, Man Group acquired financial services company Numeric Investors from TA Associates for 494M USD

Acquisition Highlights
  • This is Man Group’s 2nd transaction in the Financial Services sector.
  • This is Man Group’s largest (disclosed) transaction.
  • This is Man Group’s 1st transaction in the United States.
  • This is Man Group’s 1st transaction in Massachusetts.

M&A Deal Summary
Date 2014-09-25
Target Numeric Investors
Sector Financial Services
Buyer(s) Man Group
Sellers(s) TA Associates
Deal Type Add-on Acquisition
Deal Value 494M USD
Advisor(s) Freeman & Co. LLC
Barclays Investment Bank (Financial)

Target

Numeric Investors

Boston, Massachusetts, United States
Numeric Investors is an active quantitative manager of U.S. and international equity portfolios offering investment strategies under a variety of investment styles and objectives.

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Buyer(S) 1

Buyer

Man Group

London, United Kingdom
Category Company
Founded 1783
Sector Financial Services
Employees1,790
Revenue 1.2B USD (2023)
DESCRIPTION

Man Group is one of the world’s largest independent alternative investment managers and a leader in liquid, high-alpha1 investment strategies. The company offers a comprehensive suite of absolute return and long-only funds through our performance-driven investment engines. Man Group plc was founded in 1783 and is based in St. Helier, Jersey.

DEAL STATS #
Overall 2 of 4
Sector (Financial Services) 2 of 4
Type (Add-on Acquisition) 1 of 3
State (Massachusetts) 1 of 1
Country (United States) 1 of 2
Year (2014) 1 of 2
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-01-23 Nephila Capital

Hamilton, Bermuda

Nephila Capital Ltd. is an investment manager specializing in reinsurance risk. Nephila offers a broad range of investment products focusing on instruments such as insurance-linked securities, catastrophe bonds, insurance swaps, and weather derivatives. Nephila Capital was formed in 1997 and is based in Hamilton, Bermuda.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-17 Silvermine Capital Management

Stamford, Connecticut, United States

Silvermine Capital Management LLC is a Connecticut-based leveraged loan manager with $3.8 billion of funds under management across nine active collateralised loan obligation.

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 177 of 255
Sector (Financial Services) 22 of 31
Type (Add-on Acquisition) 101 of 130
State (Massachusetts) 23 of 25
Country (United States) 159 of 207
Year (2014) 8 of 10
Size (of disclosed) 26 of 67
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-09-10 Idera

Houston, Texas, United States

Idera provides a suite of software tools to technical users, comprising of database, development, DevOps and software testing tools. These include the Idera line of SQL management tools, integrated development environments under the Embarcadero brand, UI components through Sencha, and test management and automation through TestRail and Ranorex. Their tools help database and system administrators maintain the performance and functionality of their systems, software developers produce better products more efficiently, and quality assurance professionals improve collaboration and automation. Idera was formed in 2004 and is headquartered in Houston, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-11-04 Insurity

Hartford, Connecticut, United States

Insurity provides innovative and flexible insurance technology that allows clients to meet their business goals and offer a simplified experience. With the market's most advanced cloud operations, Insurity's platform offers scalable, highly secure and reliable solutions that increase speed to value. Insurity was founded in 1971 and is based in Hartford, Connecticut.

Buy -
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