Federated Investors strikes £246M deal to buy ESG fund manager
April 16, 2018
Asset Management | London, UK | Corporate Acquisition
Federated Investors has agreed to acquire a 60% stake in Hermes Investment Management, a specialist in ESG investment processes, for £246 million from BT Pension Scheme. The deal would create an entity with almost £328 billion in assets under management. BTPS will remain a minority shareholder in Hermes following the transaction's completion.