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Fund manager M&A hits new high in Europe as deal value soars to $12bn
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A frenzy of merger and acquisition activity in the European asset management sector has pushed deal numbers to a record high, with transaction value this year almost double that recorded for the whole of 2020.
Data from Refinitiv, provided exclusively to Financial News, show there have been 362 M&A deals in the European fund management sector so far this year — comfortably beating the 279 that were struck between January and December 2020, a year that was considered by many to be a bumper one for
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