General Atlantic, Warburg Pincus Buy 50% Of Santander Asset Management

May 31 2013 | 12:09pm ET

Two private-equity firms have struck a deal for half of Santander Asset Management.

General Atlantic and Warburg Pincus will pay €700 million for the stake. The two have been in exclusive talks with Banco Santander for more than a month; Santander has been seeking to build or sell the business for years.

With the deal, it will do both: Santander, General Atlantic and Warburg Pincus said they hope to double the unit's assets under management, currently €152 billion, within five years.


In Depth

Q&A: Old Hill's Stone On Private Debt, P2P And Credit Bubbles

Jun 6 2017 | 7:52pm ET

While institutional capital continues to flow into the broader private debt sector...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Steinbrugge: Asia-Focused Hedge Funds Offer Great Opportunities

Jun 23 2017 | 3:33pm ET

Emerging market strategies have outperformed their developed-market peers for five...

 
Error

From the current issue of