$494 million Deal Value
has been acquired by
Financial advisor to Numeric Holdings
Man Group to acquire Numeric Investors for $494 million
June 2014 - Man Group plc has announced an agreement to acquire Numeric Holdings LLC for up to $494 million.
The transaction further develops Man’s footprint in North America, creating a diversified, global quantitative investment platform.
Man Group is a London-based alternative investment management business with $55bn assets under management.
Numeric is a Boston-based quantitative equity manager with $14.7 billion of assets under management owned by its founders, employees and TA Associates.
Freeman & Co. acted as financial advisor to Numeric Investors.