Now Henderson Group eyes up a mega deal in the US
A year after buying troubled London fund manager New Star for £115 million, Henderson Group is eyeing a deal more than twice that size in the United States.
It said today it is in discussions about buying "certain businesses" of RidegeWorth Capital Management, an asset manager owned by SunTrust Banks.
It is understood Henderson is talking about businesses which run some $36 billion (£23.33 billion) out of RidgeWorth's total funds under management of some $65 billion.
Analysts suggested the take-out price for this part of the business could be $400 million.
Henderson added: "Discussions with SunTrust regarding a possible transaction are ongoing and there is no certainty any transaction in relation to RidgeWorth will proceed."
The businesses Henderson is looking to buy are mainly institutional fund managers investing in bonds and shares.
