MCM To Be Spun Off To LBO Firm After Sale Of Parent
VENDOR STRATEGIES
Third-party commentary service provider McCarthy Crisanti & Maffei will be spun off to its shareholders when its parent, Van Kampen American Capital, is sold to Morgan Stanley. The asset management firm's controlling shareholder is Clayton Dubilier & Rice, an LBO firm. MCM will be 75 percent owned by CDR.
A source close to MCM says that while CDR has been shopping Van Kampen around, the LBO firm hasn't indicated that it wants to sell MCM. "I don't think there's any desire," says the source. "At
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@waterstechnology.com or view our subscription options here: http://subscriptions.waterstechnology.com/subscribe
You are currently unable to print this content. Please contact info@waterstechnology.com to find out more.
You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@waterstechnology.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@waterstechnology.com
More on Awards & Rankings
Buy-Side Technology Awards 2024 winner’s interview: Artificial Intelligence Risk
CEO of AI Risk discusses how its AIR-GPT platform earned the company Best buy-side AI platform or tool (compliance) at the BST awards
AFTAs 2024: Best AI/machine learning initiative—TCW Group
Project name: EU Securitization Regulatory & Compliance
AFTAs 2024: Best IT team—TCW Group
Project name: ETF Launch Project
Buy-Side Technology Awards 2024 winner’s interview: Kaizen
Kaizen won the Best market surveillance platform category in this year’s BST Awards, discussed in this video with Kaizen’s vice-president
AFTAs 2024: All the winners
Here are the winners of the 27 categories in the 2024 American Financial Technology Awards. This year's multi-category winners are JP Morgan Asset and Wealth Management, Morgan Stanley, TCW Group and Northern Trust.
AFTAs 2024: Best data management initiative—Bank of America
Project name: Enterprise DataConnect
Buy-Side Technology Awards 2024 winner’s interview: S&P Global Market Intelligence
S&P Global Market Intelligence won Best buy-side managed data service for the second consecutive year thanks to its iLEVEL Managed Data Services offering
SimCorp back to its winning ways
What separates SimCorp’s Ibor from similar offerings across the buy side, and its foundational role in the creation of the firm’s recently unveiled investment management platform, SimCorp One.
