Aberdeen Asset Management Announces U.S. And European Acquisitions
Commenting on the Artio Transaction, Martin Gilbert, Chief Executive of Aberdeen Asset Management, said:
"This transaction is in line with Aberdeen's strategy of undertaking infill acquisitions that will assist with growing our business organically. It will be of benefit to our North American business, a region we view as a key growth market for Aberdeen. The integration of Artio's operations will strengthen further our U.S. fixed income expertise, in particular the addition of U.S. global high yield and total return products, and will help to broaden and deepen our distribution network in the U.S."
Aberdeen is also pleased to announce today that is it has agreed to acquire a 50.1% stake in SVG Advisers (SVGA), a wholly owned subsidiary of SVG Capital plc (SVGC), an international private equity investor and fund management business listed on the London Stock Exchange. This business will be combined with Aberdeen's existing private equity capability to create a substantial private equity fund of funds business. There is no direct impact on Aberdeen's U.S. business.
J.P. Morgan Limited (which conducts its UK Investment Banking activities as J.P. Morgan Cazenove) is acting as financial adviser and corporate broker to Aberdeen in connection with the Transaction, and Willkie Farr & Gallagher LLP is acting as Aberdeen's U.S. legal advisor.About Aberdeen Asset ManagementAberdeen is an asset management company managing $314 billion of third party assets from our offices around the world, as of December 31, 2012. Our clients access our investment expertise drawn from three main asset classes: equities, fixed income and property, as well as tailored solutions. We package our skills in the form of segregated and pooled products across borders. We invest worldwide and follow a predominantly long-only approach, based on fundamentally sound investments. Further information about Aberdeen can be found at www.aberdeen-asset.us SOURCE Aberdeen Asset Management PLC
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