M&A Deal Summary

Old Mutual Acquires United Asset Management

On June 19, 2000, Old Mutual acquired financial services company United Asset Management for 1.5B USD

Acquisition Highlights
  • This is Old Mutual’s 1st transaction in the Financial Services sector.
  • This is Old Mutual’s largest (disclosed) transaction.
  • This is Old Mutual’s 1st transaction in the United States.
  • This is Old Mutual’s 1st transaction in Massachusetts.

M&A Deal Summary
Date 2000-06-19
Target United Asset Management
Sector Financial Services
Buyer(s) Old Mutual
Deal Type Add-on Acquisition
Deal Value 1.5B USD

Target

United Asset Management

Boston, Massachusetts, United States
United Asset Management Corp. is an American holding company headquartered in Boston, Massachusetts that owned a number of financial-sector companies. United Asset Management was the first major firm with a business model that consisted of purchasing a number of money management firms.

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Buyer(S) 1

Buyer

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 1 of 8
Sector (Financial Services) 1 of 3
Type (Add-on Acquisition) 1 of 6
State (Massachusetts) 1 of 1
Country (United States) 1 of 4
Year (2000) 1 of 1
Size (of disclosed) 1 of 4
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2001-03-02 Unified Life Insurance

Texas, United States

Unified Life Insurance Co. is a Texas domiciled life assurance company licensed to do business in 43 states.

Buy $25M
Mergr

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