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Equitable Holdings Subsidiary Alliancebernstein To Acquire Global Private Alternatives Manager Carval Investors

Mar 17, 2022•almost 4 years ago

Acquiring Company

Equitable Holdings

Acquired Company

Global Private Alternatives Manager CarVal Investors

New York

Description

Equitable Holdings, Inc. (the “Company”) (NYSE: EQH) announced today that one of its subsidiaries, AllianceBernstein (NYSE: AB), has entered into an agreement to acquire CarVal Investors L.P. (“CarVal”).

Company Information

Company

Equitable Holdings

Location

New York, New York, United States

About

Equitable Holdings, Inc. (NYSE: EQH) is a financial services holding company comprised of two complementary and well-established principal franchises, Equitable and AllianceBernstein. Founded in 1859, Equitable provides advice, protection and retirement strategies to individuals, families and small businesses. AllianceBernstein is a global investment management firm that offers high-quality research and diversified investment services to institutional investors, individuals and private wealth clients in major world markets. Equitable Holdings has approximately 12,200 employees and financial professionals, $908 billion in assets under management (as of 12/31/2021) and more than 5 million client relationships globally.

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M&A Insights

Based on deal data
Integration 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