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Deals Of The Day: The Latest In Wealth Management M&A - Schroders Capital, Cairn
Editorial Staff
15 November 2021
Schroders Schroders Capital is part of UK-listed , the investment and wealth management group. Cairn was founded in 2006 and manages assets on behalf of institutional, family office and private equity investors. The 26-strong team at Cairn is co-headed by Pieter Akkerman, Maarten Briët and Sven van Loon. The firm is based in Amsterdam with a satellite office in Haarlem.
has agreed to buy Netherlands-based Cairn Real Estate, a fund management house with €1.3 billion ($1.49 billion) of assets under management.
The acquisition is expected to close in the first three months of 2022, subject to regulatory approval. The financial terms were not disclosed.
In late October - in a deal worth around £230 million ($308.5 million) - Schroders bought River and Mercantile Group's UK Solutions division. The unit, which manages around £42 billion for clients, is responsible for RMG’s fiduciary management and derivatives businesses, and represents about 28 per cent of the firm's market cap.
Cairn
, which is being sold by MPC Capital, a German investment management group focused on renewables, specialises in a range of sectors including logistics, offices and healthcare. It is well respected thanks to the strength of its investment proposition and client base.