M&A Deal Summary

Pioneer Global Asset Management Acquires AmSouth - Mutual Fund Management Business

On June 28, 2005, Pioneer Global Asset Management acquired financial services company AmSouth - Mutual Fund Management Business from AmSouth Bancorporation for 65M USD

Acquisition Highlights
  • This is Pioneer Global Asset Management’s 1st transaction in the Financial Services sector.
  • This is Pioneer Global Asset Management’s largest (disclosed) transaction.
  • This is Pioneer Global Asset Management’s 1st transaction in the United States.

M&A Deal Summary

Date 2005-06-28
Target AmSouth - Mutual Fund Management Business
Sector Financial Services
Buyer(s) Pioneer Global Asset Management
Sellers(s) AmSouth Bancorporation
Deal Type Divestiture
Deal Value 65M USD

Target

AmSouth - Mutual Fund Management Business

United States
AmSouth - Mutual Fund Management Business comprise 23 mutual funds with $5.5 billion in assets under management.

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Buyer(S) 1

Buyer

Pioneer Global Asset Management

Milano, Italy

Category Company
Founded 1928
Sector Financial Services
Employees2,000
DESCRIPTION

Pioneer Global Asset Management S.p.A. is a global asset manager with a presence in 28 countries and an experienced team of over 2,000 employees, including more than 350 investment professionals. Pioneer Investments is known internationally as one of the leading fixed income managers across all strategies, and offers strong capabilities in European, US and global equities, as well as multi-asset and outcome-oriented, non-traditional products.


DEAL STATS #
Overall 1 of 1
Sector (Financial Services) 1 of 1
Type (Divestiture) 1 of 1
Country (United States) 1 of 1
Year (2005) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

AmSouth Bancorporation

Birmingham, Alabama, United States

Category Company
Founded 1970
Sector Financial Services
Employees11,600
DESCRIPTION

AmSouth Bancorporation, a financial service company.


DEAL STATS #
Overall 1 of 1
Sector (Financial Services) 1 of 1
Type (Divestiture) 1 of 1
Country (United States) 1 of 1
Year (2005) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1994-04-04 Parkway Bancorp

Fort Myers, Florida, United States

Parkway Bancorp is the parent bank holding company of Parkway Bank & Trust Company. Parkway Bank operates a total of 24 banking locations in Chicago and its northwest suburbs, and eight branch offices in the Phoenix, Arizona metropolitan area.

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