Two fund company transactions topped the asset management deal charts for 2011.

According to a new PricewaterhouseCoopers report, “Balancing Uncertainty and Opportunity”, the largest deal was bankrupt Lehman Brothers’ $1.5-billion sale of its remaining 49 percent stake in Neuberger Berman [profile] to Neuberger management [see MFWire.com, 3/19/2012].

The second largest deal was the acquisition of a 41 percent stake in American Century by Canadian Imperial Bank of Commerce (CIBC) for a price tag of $848 million [see MFWire.com, 8/31/2011].

In total the deals involving mutual funds totaled 71 percent ($2.3 billion) of the total asset management transaction value. Mutual Fund deals were 15 percent of all asset manager deals by volume

Looking ahead to 2012, PwC finds the opportunities for blockbuster deals lie in across the pond in Europe, as banks there continue to divest their non-core asset management businesses in response to the European debt crisis.  

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