IFLR1000

Invesco $1.2 billion acquisition of Guggenheim Investments' ETF business

28/9/2017
Asset acquisition
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$ 1.2 billion

Announced

28/9/2017

Overview:

  • Invesco has acquired Guggenheim Investments' ETF business for $1.2 billion.
  • The acquired business consists of $36.7 billion in assets.
  • Inveso is an investment management company, while Guggenheim Investments is Guggenheim Partners' asset management group.
  • Citigroup Global Markets provided financial advice to Guggenheim Investments. 

 Katrin Kostadinova - Data analyst 

Jurisdiction:

United States

Deal type:

Asset acquisition

Practice area:

M&A

Governing law:

United States

Industry sector:

Investment management

Firms:
Davis Polk & Wardwell

Party: Guggenheim Securities (Seller)

Lawyer: Gregory Rowland

Wachtell Lipton Rosen & Katz

Party: Invesco (Acquirer)

Lawyer: Nicholas Demmo

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