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4-Traders Homepage  >  Equities  >  London Stock Exchange  >  Schroders    SDR   GB0002405495

SCHRODERS (SDR)
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Schroders : agrees to buy Swiss private equity firm Adveq

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04/21/2017 | 10:28am CEST

LONDON (Reuters) - British asset manager Schroders said on Thursday it had agreed to buy Swiss-based private equity firm Adveq Holding for an undisclosed sum.

Traditional asset managers are increasingly expanding into alternative investment markets such as private equity to meet growing demand from investors such as pension funds seeking diversification in order to generate the returns needed to meet their liabilities.

The deal for Adveq, which manages more than $7 billion, is expected to close in the second half of 2017, Schroders said in a statement. Schroders' private assets arm currently manages 14 billion pounds in assets.

Schroders, Britain's largest listed standalone asset manager with around 400 billion pounds in assets, said there would be no changes to Adveq's investment team, process or strategies as a result of the deal.

"Adveq's impressive investment proposition, proven track record and strong position within key markets makes this partnership a complementary combination," said Schroders Chief Executive Peter Harrison in a statement.

Founded by Bruno Raschle in 1997, Adveq invests across a range of private equity strategies including venture capital, buyouts, co-investments and secondaries, and has expanded from its Swiss-German home markets to Asia and the United States.

(Reporting by Simon Jessop; Editing by Greg Mahlich)

By Simon Jessop

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Financials ( GBP)
Sales 2018 2 176 M
EBIT 2018 771 M
Net income 2018 602 M
Finance 2018 3 989 M
Yield 2018 3,46%
P/E ratio 2018 15,13
P/E ratio 2019 14,31
EV / Sales 2018 2,18x
EV / Sales 2019 2,47x
Capitalization 8 743 M
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Schroders Technical Analysis Chart | SDR | GB0002405495 | 4-Traders
Technical analysis trends SCHRODERS
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Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 18
Average target price 36,6  GBP
Spread / Average Target 11%
EPS Revisions
Managers
NameTitle
Peter Harrison Group CEO & Executive Director
Michael William Romsey Dobson Chairman
Richard Keers Chief Financial Officer & Executive Director
Ashley Lester Global Head-Research
Stewart Carmichael Chief Technology Officer
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