Pendal Group, Parent Company Of J O Hambro Capital Management, Completes Strategic Acquisition Of Thompson, Siegel & Walmsley LLC
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BOSTON, July 22, 2021 /PRNewswire/ Pendal Group Limited (Pendal), parent company of J O Hambro Capital Management Limited (JOHCM), today announced the completion of its acquisition of Virginia-based, value-oriented investment management company, Thompson, Siegel & Walmsley LLC (TSW).
Pendal Group CEO, Nick Good, said, We are thrilled to welcome the TSW team and its clients to Pendal Group. Client support has been incredibly strong, with 96% of TSW client consent received in just 11 weeks. It is testament to the compatibility and drive of the two organizations and their teams that we have completed the acquisition well ahead of original expectations.
Q2 2021 money manager M&A activity summary
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Pendal Group acquires US investment management company
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Pendal (ASX:PDL) share price slips on capital raising efforts
Aaron Teboneras | May 11, 2021 10:41am |
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Pendal Group Ltd(ASX: PDL) share price is backtracking today after providing an update on its equity raise.
At the time of writing, the fund manager’s shares are swapping hands for $7.17, down 2.3%.
What did Pendal announce?
Investors are heading for the hills after Pendal shares come out of a trading halt today.
In this morning’s release, Pendal advised it has completed a fully underwritten institutional placement. The offer received significant interest in which both new and existing institutional investors participated to raise $190 million.