Middle Market Asset Management M&A Outlook

October 19, 2017 | 1177 AVENUE OF THE AMERICAS, NEW YORK

Welcome to Mergermarket and Kramer Levin Naftalis & Frankel's Middle Market Asset Management M&A Outlook

    • 08:00

      Registration

    • 08:30

      Opening Remarks

    • 08:45

      Mid-Market Asset Management Continues its Consolidation

      Mid-market asset management M&A valuations exploded in 1H17 compared to the same period in 2016 and 2015, as firms sought to scale up in a highly competitive environment. During the first half of 2017, the mid-market produced 36 deals, slightly down from the previous two years. Using a 90% confidence interval for a sample of deals during this period revealed the mean valuation ranged between USD 130.5m to 231.5m per transaction, an 8% increase on the high end over the first-half period in 2012, which experienced a higher value total. Retail wealth management firms are competing against popular index funds and cutting-edge fintech companies that provide robo-advising, putting downward pressure on fees. Market observers are expecting these market conditions and others to spur additional industry consolidation over the next year or so.

      Please join the Mergermarket and Kramer Levin Naftalis & Frankel teams along with esteemed panelists to explore the trends, drivers, risks and rewards in asset management consolidation. Discussions will include, but not be limited to:

      • What terms and conditions are being included in integration planning, pre-signing of deal?
      • How are asset managers controlling for operational stability and messaging to the market at the beginning of an integration process?
      • What demographic trends and technologies are asset managers facing that are challenging their business model?
      • How are firms reducing operating leverage through tie-ups? What other synergies are firms finding in the current environment?
      • How are asset managers incorporating fintech into mergers in order to achieve cost savings and enhance the client experience? 
      • Why are domestic deals being favored vs. cross-border transactions in the past year? Will the trend continue? 
      Noah Sakimura
      Noah Sakimura
      Director of Corporate Strategy, BlackRock
      Zinovy Iosovich
      Zinovy Iosovich
      Principal, Focus Financial Partners
      Wesley  Fox
      Wesley Fox
      Managing Director, Investment Banking, Keefe, Bruyette & Woods
      Ernest  Wechsler
      Ernest Wechsler
      Partner, Kramer Levin Naftalis & Frankel LLP
    • 10:00

      Q&A

    • 10:15

      Closing Remarks

    • 10:20

      Coffee/Networking

    • 10:45

      Event Concludes

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Venue details

Kramer Levin Naftalis & Frankel
1177 Avenue of the Americas
New York, NY 10036