16/03/2026
We're delighted to have helped our wonderful client Schroders with its £9.9bn acquisition by Nuveen, a US-based investment manager - one of the largest global corporate takeovers of the year to date and one heralded as a “structural shift for the industry".
This deal creates a global asset management powerhouse with roughly $2.5 trillion in assets under management (AUM). The transaction combines Nuveen's fixed-income strength with Schroders' equity-focused portfolio, aiming to accelerate growth in public and private markets.
Key details of the acquisition include:
- Transaction value: the acquisition is valued at £9.9 billion, representing a significant premium for Schroders' shareholders.
- Strategic rationale: the merger brings together complementary businesses to build a "leading public-to-private platform".
- Brand and leadership: the Schroders brand will be retained.
- Operational structure: London will remain a major hub for the combined entity, serving as the non-US headquarters.
- Closing: the deal is expected to close in Q4 2026, subject to regulatory and shareholder approvals.
Dame Elizabeth Corley, the Chair of Schroders commented:
“The Combined Group will bring together two successful firms with shared values and highly complementary strengths to create a new global leader in public-to-private investment management. Building on Schroders’ heritage, London will remain at the heart of this enlarged business and the transaction will deliver an attractive premium in cash to our shareholders, reflecting the value of our business and its future prospects. The board of Schroders is confident that this is the right step for our shareholders, clients and people.”
Our thanks to our wonderful clients at Schroders and their advisors Wells Fargo (Lead Financial Adviser to Schroders); Barclays (Joint Financial Adviser and Corporate Broker to Schroders); J.P. Morgan Cazenove (Joint Financial Adviser and Corporate Broker to Schroders); and Slaughter & May (legal adviser to Schroders).
If you'd like to find out how we can help ensure the success of your most prestigious M&A deals, chat with us today: hello@blackandcallow.com
