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Federated Investors to buy Hermes

  • Region:

    United Kingdom

  • Sector:

    Diversified Financials

  • Deal Size:

    $324 million

  • Buy Side Company:

    Federated Investors, Inc.
  • Sell Side Company:

  • Target Company:

    Hermes Fund Managers Limited

Federated Investors, Inc. has completed its acquisition of a 60 percent stake in Hermes Fund Managers Limited, which operates as Hermes Investment Management, PE Hub reported. The price of the acquisition was 246 million pounds(about $324 million). London-based Hermes Fund Managers Limited is a provider of investment management and stewardship services.

Tags:

PE Deals,private equity,M&A,private equity deals