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US asset managers ramp up European takeover bids, hitting decade‑high acquisition spend

Executive summary: US asset management firms have increased their acquisition activity in Europe, driving spending to its highest level in decades. This heightened M&A pressure could consolidate the European asset management market under US ownership, altering competitive dynamics and capital flows.

Who is involved: US asset management firms, European asset management companies, and relevant antitrust regulators.

Likely next: Continued deal flow is expected, with European groups possibly pursuing defensive mergers or seeking regulatory clearance for cross‑border transactions.

According to Expansión, US firms have intensified their offensive against Europe’s asset management sector, pushing acquisition spending to its highest level in decades. The move comes as European fund groups strive to strengthen and expand globally, setting up a potential wave of cross‑border consolidation. While the excerpt does not give exact figures, the trend signals a shift in competitive dynamics that could reshape the industry’s ownership structure.

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