Alliancebernstein Completes Acquisition Of Global Private Alternatives Manager Carval Investors
Jul 01, 2022•over 3 years ago
Acquiring Company
AllianceBernstein
Acquired Company
Global Private Alternatives Manager CarVal Investors
Description
AllianceBernstein Holding L.P. (NYSE: AB) and AllianceBernstein L.P., a leading research and global investment management firm, today announced that it has completed the acquisition of CarVal Investors ("CarVal"). AB announced its intention to acquire CarVal on March 17, 2022.
M&A Insights
Based on deal dataIntegration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed