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British asset manager Schroders announced its purchase of Swiss-based private equity firm Adveq Holding. Financials of the deal were not disclosed.
The deal for Adveq, which manages more than $7 billion, is expected to close in the second half of 2017, according to a Reuters report. Schroders’ private assets arm currently manages 14 billion pounds in assets.
M&A,mergers and acquisitions,private equity firms,asset management