FinanceDublin.com - <b>Deals of the Year 2023: </b>AMX deal gives Carne Group captive Manco, funds platform and new cornerstone investor

Carne Group acquired 100 per cent of Asset Management Exchange Holdings (AMX) in January 2022 from Willis Towers Watson through a share exchange transaction which left WTW as a minority shareholder of Carne. The transformational deal saw Carne acquire a captive Manco, a funds platform and a new cornerstone investor in a single deal that will support Carne’s ambition of becoming the leading global digitally-driven funds industry platform.

AMX was established by WTW in 2017 as an institutional managed assets marketplace to connect investors, asset managers and service partners and to provide them with a streamlined investment process. Carne was founded in 2004 and upon completion of the deal had grown to more than 500 employees in eight locations globally. In addition Carne will have asset under management over $2 trillion on its technology platform and its third-party fund management company will manage in excess of $300 billion.....

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