Tcw Acquires Etf Business From Engine No. 1

Jul 25, 2023•almost 2 years ago

Acquiring Company

TCW Group

Acquired Company

ETF Business

Los AngelesFinanceFinancial Services

Description

The TCW Group, a leading global asset management firm, today announced the acquisition of the exchange traded fund (ETF) business and its infrastructure from Engine No. 1, a San Francisco-based investment firm. The transaction is expected to close in the third quarter of 2023, subject to shareholder approval.

Company Information

Company

TCW Group

Location

Los Angeles, California, United States

About

TCW is a leading global asset management firm with a broad range of products across fixed income, alternative investments, equities, and emerging markets with over half a century of investment experience. It manages one of the largest fund complexes in the U.S. and serves many of the world’s largest corporate and public pension plans, financial institutions, endowments, and foundations. TCW’s diverse offerings include ETFs, mutual funds, and tailored investment solutions. The firm emphasizes active management strategies to optimize returns and manage risks in varied market conditions.

DealWatch™ Score

High M&A Activity

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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

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