Invesco in $5.7 Billion Acquisition of OppenheimerFunds
October 19, 2018
October 19, 2018
Cleary Gottlieb is representing Ardea Partners LLC, as financial advisor to Invesco Ltd. (Invesco), in connection with Invesco’s acquisition of OppenheimerFunds (Oppenheimer) from Massachusetts Mutual Life Insurance Company for 81.9 million Invesco common shares and $4 billion of Invesco preferred shares, subject to adjustments.
The deal was signed on October 17, 2018, and is expected to close in the second quarter of 2019, subject to necessary regulatory and other third-party approvals.
Invesco is an independent investment management firm dedicated to delivering an investment experience that helps people get more out of life.
Oppenheimer is a leader in global asset management that is dedicated to providing solutions for its partners and end investors.