 |
Prosek Partners represents Nuveen as it acquires London-based Schroders, which relies on Brunswick Group for PR counsel, in a $13.5B deal.
The transaction creates one of the world’s biggest asset management companies.
Most of Chicago-based Nuveen’s holdings are in the Americas, while Schroders’ $1.1T assets are largely in Europe, Asia and Africa.
Nuveen plans to retain the Schroders brand and maintain its London office and 3,100 professionals as its non-US headquarters.
William Huffman, CEO of Nuveen called the deal “an exciting and transformational step for both of our distinguished firms.”
Schroders, which was founded in 1804, issued bonds for the Confederate states during the Civil War.
Scottish-American industrialist Andrew Carnegie, founded Nuveen’s parent company, TIAA, in 1918. TIAA has $1.5T in assets under management.
Prosek’s Brian Schaffer and Doug Campbell handle Nuveen. Brunswick’s Charles Pretlik, Simone Selzer and Ronin Wrench advise Schroders.
Research O'Dwyer's listings of investor relations and financial communications firms.
Amsterdam’s CFF Communications handles Accell Group as Europe’s No 1 e-bike and No. 2 bicycle maker declares insolvency after failing to find a buyer.
Randy Sinclair, who rose to lead investor relations at Chevron during an 11-year run, will move to Northrop Grumman on Aug. 10 as VP-IR.
Trailrunner International is handling Axum Capital Partners’ move to acquire a controlling interest in BARCODE, a performance hydration brand, in partnership with NBA All-Star Victor Wembanyama.
Alpha IR and Alpha Advisory Group represent McKinley Acquisition Corp. as it plans to take hostile drone spotter and destroyer Space-Eyes public via a SPAC deal valued at $370M.
FGS Global keeps its position at the top of the heap in Mergermarket’s rankings of the top PR advisors in M&A deals for 1H26.
