Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:You Have 12 Days to Bid For Pioneer Not Rated 0.0 Email Routing List Email & Route  Print Print
Thursday, September 8, 2016

You Have 12 Days to Bid For Pioneer

News summary by MFWire's editors

Fundsters who are interested in Pioneer [profile] have less than two weeks to bid on the multinational asset manager. [See MFWire's living timeline of the Pioneer auction for more details and history.]

Jean Pierre Mustier
UniCredit
Chief Executive Officer
Unnamed sources tell Reuters that the giant Italian bank UniCredit is hunting for a strategic partner for Pioneer. The wire service highlights a report from Italian newspaper Il Messaggero, which says that UniCredit wants non-binding bids in by September 20. The bank reportedly reached out for bids from Amundi, Axa, Blackstone, Generali, and Invesco [profile]. One source tells Reuters that UniCredit contacted about 10 potential bidders.

That September 20 deadline comes less than two months after UniCredit and Santander officially pulled the plug on a complicated global asset management deal. That deal, which had been in the works for a couple of years, would have combined Santander's asset management business with Pioneer's non-U.S. business; it would also have put the U.S. side of Pioneer under a new holding company that would have been half-owned by UniCredit and half-owned by a pair of private equity firms. When the Santander deal collapsed, UniCredit issued a statement saying that Pioneer would "now be included in the scope of the strategic review" being conducted by UniCredit's new CEO, Jean Pierre Mustier.

Pioneer had $245 billion in AUM worldwide, including $65.8 billion in the U.S., as of June 30. The company employs more than 2,000 people worldwide, including 519 in the U.S., as of April 30. 

Edited by: Neil Anderson, Managing Editor


Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2023: Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly


  1. MFDF webinar - Latest Updates In Mutual Fund Litigation and Enforcement, June 6
  2. Pershing Insite 2023, Jun 6-8
  3. Nicsa webinar - The Journey From Networking to Sponsorship, June 7
  4. MFDF webinar - SEC Staff Panel, Division of Examinations — IC Issues and Considerations For Fund Boards, June 8
  5. Expect Miracles East Coast Classic, June 8
  6. 2023 MMI Alternative Investments Forum, June 13
  7. WE DC - ESG Panel Discussion, June 13
  8. Nicsa Fearless Leadership Symposium, June 14
  9. MFDF Director Discussion Series - Open Forum (Denver), June 20
  10. The Ben Graham 10th Annual Conference, Jun 20-21
  11. IDC Industry Segment Call - Governance Committee Chairs, June 21
  12. Crane Data's Money Fund Symposium, Jun 21-23
  13. IDC Industry Segment Call - Board Leaders, June 22
  14. 2023 MMI Distribution Leadership Forum, Jun 22-23
  15. MFDF webinar - Closed-End Fund Litigation Overview and Update, June 27
  16. MFDF Director Discussion Series - Open Forum (Atlanta, GA), June 28
  17. MFDF Director Discussion Series - Open Forum (Kansas City), June 30
  18. MFDF Director Discussion Series - Open Forum (New York), July 18
  19. 2023 MMI Leadership Pathway Seminar, Jul 19-20
  20. MFDF webinar - Generative AI — It's Here, July 20
  21. MFDF Director Discussion Series - Open Forum via Zoom, July 27
  22. MFDF Director Discussion Series - Open Forum (Milwaukee, WI), August 8
  23. MFDF Improving Equity Fund Alpha Estimates, September 13
  24. 4th Annual ETFGI Global ETFs Insights Summit - United States, Sep 20-21
  25. MFDF webinar - Introduction to Retail Private Markets Funds: Structures to Access Private Equity, Private Credit, Infrastructure and Real Estate Investments, September 27
  26. Expect Miracles Atlanta Coast Classic, October 2




©All rights reserved to InvestmentWires, Inc. 1997-2023
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use