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Veteran dealmaker warns of industry ‘shakeout’ after M&A frenzy
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The asset management sector is expected to encounter a significant shakeout following a spate of “ill-considered” M&A transactions over the past five years, one of the industry's veteran deal-makers has warned.
“We see a shakeout coming,” Jon Little, chief executive of Alderwood Capital told Financial News.
“It’s the focused boutique specialists...
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