Willis Towers Watson agrees deal with Carne Group for AMX acquisition

Carne Group, a provider of third-party management company services – known as ‘ManCos’ – is to acquire The Asset Management Exchange (AMX) from Willis Towers Watson (WTW) for an undisclosed sum.

In turn, WTW will take a minority stake in Carne, which it said will add “scale and growth opportunities” to its own client solutions platforms.

The transaction, which is subject to regulatory approvals, is expected to close in the second quarter of 2022.

Following completion of the deal, Carne will employ more than 500 professionals and its third-party fund management company will manage in excess of $300 billion in assets under management.

AMX is an “investment ecosystem” that connects investors, asset managers and service partners so they can transact and interact in one place through its institutional funds platform.

Carne said that the acquisition of AMX and investor relationships will complement its own offering, which includes, due diligence, distribution and technology platforms.

Carl Hess, CEO of WTW, said: “Five years ago, AMX was established to transform investor experience and outcomes. Now as part of Carne, AMX can realise its full potential, delivering new products and enhanced services to a wider section of our client base in more jurisdictions and asset classes.”

Carne Group CEO John Donohoe added: “Working with WTW will increase our coverage, while AMX’s capabilities, like its CCF platform and investor reporting tools, will further expand our offering.”

© 2022 funds europe

HAVE YOU READ?

THOUGHT LEADERSHIP

The tension between urgency and inaction will continue to influence sustainability discussions in 2024, as reflected in the trends report from S&P Global.
FIND OUT MORE
This white paper outlines key challenges impeding the growth of private markets and explores how technological innovation can provide solutions to unlock access to private market funds for a growing…
DOWNLOAD NOW

CLOUD DATA PLATFORMS

Luxembourg is one of the world’s premiere centres for cross-border distribution of investment funds. Read our special regional coverage, coinciding with the annual ALFI European Asset Management Conference.
READ MORE

PRIVATE MARKETS FUND ADMIN REPORT

Private_Markets_Fund_Admin_Report

LATEST PODCAST