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Invesco acquires OppenheimerFunds to enhance scale

PRIVATEMay 24, 2019

Acquiring Company

Invesco Ltd

Acquired Company

OppenheimerFunds

AtlantaNew YorkOtherFinancial ServicesFinancial ServicesFinanceFintechLendingBanking

Description

Invesco Ltd. has completed the acquisition of OppenheimerFunds, aiming to bolster its global asset management capabilities. This strategic move has contributed to Invesco's current assets under management reaching approximately USD 1.6 trillion. The integration of OppenheimerFunds has proven significant in enhancing Invesco's client offerings and expanding its market presence across various investment strategies.

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Company Information

Company

Invesco Ltd

Location

Six Landmark Square

Atlanta, Georgia, United States

About

Invesco Global Equity Income trust focuses on providing investors with exposure to global equity markets while generating income. It is recognized for strong performance in the IT Global Equity Income sector. The trust's strategy has resulted in significant returns over recent years.

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Frequently asked

Who acquired OppenheimerFunds?

OppenheimerFunds was acquired by Invesco Ltd, based in Atlanta. The deal was reported on May 24, 2019. Invesco Global Equity Income trust focuses on providing investors with exposure to global equity markets while generating income. It is recognized for strong performance in the IT Global Equity Income sector. Invesco Ltd is privately held and operates in Other.

When did Invesco Ltd acquire OppenheimerFunds?

Invesco Ltd's acquisition of OppenheimerFunds was reported on May 24, 2019. Invesco Ltd. has completed the acquisition of OppenheimerFunds, aiming to bolster its global asset management capabilities. This strategic move has contributed to Invesco's current assets under management reaching approximately USD 1.6 trillion. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does OppenheimerFunds do?

OppenheimerFunds was a leading investment management firm with a focus on various investment solutions. It served a wide range of clients, including individuals and institutions. The firm was known for its strong reputation in the mutual fund industry. It is publicly traded (OPY), operating in Financial Services, and is based in New York.

This company was part of an acquisition. Fundz tracks who bought whom, and who to call on both sides.

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