The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
Friday, April 18, 2008|
Sentinel Chief Talks M&A
Sentinel Investments president and chief executive Christian Thwaites expects his company to experience 100 percent growth in the next two to three years. The growth, he said in an interview with The MFWire, will come from both organic sources and M&A.
The first variety of deal Sentinel may consider is a bid for the assets of smaller fund firms that have one or two funds but can not gain scale. Sentinel just closed on a deal of this order when it purchased the assets of eight Citizens Funds.
The last type of deal that could work for Sentinel, Thwaites said, is on the international level. He said Sentinel could form an alliance with a large international bank or insurance company that wants to have a presence in the U.S. fund market. This kind of deal would give Sentinel extended distribution, Thwaites said.
The Citizens transaction marks the fourth mutual fund transaction, including three acquisitions and one sale, for Sentinel in the past two years.
Printed from: MFWire.com/story.asp?s=17980
Copyright 2008, InvestmentWires, Inc.
All Rights Reserved