Aberdeen to Acquire Arden Asset Management

August 4, 2015

Willkie represents Aberdeen Asset Management Inc. in latest acquisition, which is expected to enhance its global hedge fund solutions capability and strengthen its alternatives footprint in the United States.

On August 4, Willkie client Aberdeen Asset Management Inc. announced it has entered into an agreement to acquire Arden Asset Management LLC, a provider of hedge fund solutions with offices in New York and London.  The transaction is expected to enhance Aberdeen’s global hedge fund solutions capability and strengthen its alternatives footprint in the United States.

Arden is a hedge fund specialist that creates and manages hedge fund portfolios across the liquidity spectrum using its proprietary manager selection and portfolio construction processes. Arden advises on and manages assets on behalf of a wide range of clients, including corporate and state pension plans, sovereign wealth funds, global bank platforms and retail investors.  The deal positions Aberdeen as a leading hedge fund investor with over 30 investment professionals and approximately $11 billion of assets under management for the combined team.

London-based Aberdeen is an independent asset management company, operating on-the-ground in over 25 countries across Europe, Asia and the Americas.  The company manages assets of $490.8 billion (as of 3/31/2015) on behalf of institutional and private investors.  In May 2015, Willkie represented Aberdeen in its acquisition of FLAG Capital Management, LLC, and also previously advised on its acquisition of Artio Global Investors.

The current deal was handled by partner David Boston and associate Katherine Lynch, with assistance from partners Peter Haller, Christopher Peters and James Silk and associates Isabel Araujo, Tyler Warner and Arthur Damoulakis.