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Deals Of The Day: The Latest In Wealth Management M&A – Aberdeen Investments
Editorial Staff
6 July 2026
Aberdeen Investments The transaction follows the news last month that Aberdeen is to be appointed as investment manager to and its sister open ended fund, resolving the long-standing issue with US activist investor Saba Capital Management. The trust is among several UK-listed trusts to have been caught in disputes with Saba. This progress is complemented by growth across Aberdeen’s wider platform, the firm said in a statement. Tritax Big Box, whose manager Aberdeen owns an 80 per cent stake in, has a pipeline of mission-critical logistics assets supporting UK supply chains and infrastructure, with growing relevance for data centres. Tritax Big Box’s recent promotion to the FTSE 100 in March 2026 highlights this strategy and the long-term value of these sites. “The completion of this transaction marks another significant step in scaling our global closed end fund business, as we continue to commit capital to opportunities that strengthen the platform, deepen our client relationships creating long term value to our business,” Xavier Meyer, chief executive officer, investments, Aberdeen Group, said. “The transaction is expected to be income accretive from year one. I am pleased to welcome the fund shareholders to Aberdeen.” “Having a deep and experienced closed end fund capability on both sides of the Atlantic is rare in the investment trust sector, but it matters – relationships are key,” Christian Pittard, head of closed end funds, and managing director, Corporate Finance, Aberdeen Group, added. “This deal, like Herald, reflects the strength of Aberdeen’s platform and reinforces our commitment to be a leading force in the sector.” The assets transitioning from MFS will be led by Jonathan Mondillo, Aberdeen’s global head of fixed income, drawing on the breadth of Aberdeen’s global fixed income capabilities across investment grade and high yield credit, emerging market debt, asset-backed securities, private credit and US municipal bonds. The MFS transaction has now officially completed, with the assets consolidated through a series of mergers, and advisory contract assignments of four actively managed funds. This will be Aberdeen’s 10th US CEF acquisition since 2000, and it currently manages about £21.8 billion in closed end funds.
has completed its acquisition of closed-end fund assets from Boston-based MFS Investment Management, which has combined assets of about £1.5 billion ($2 billion). The final transfer of responsibilities became effective after the close of the New York Stock Exchange on 2 July.