Federated Investors Acquires USD 435m of Assets from Horizon Advisers.

MANews-(C)2009-2017

31 January 2017 - US-based investment manager Federated Investors, Inc. (NYSE: FII) has completed the acquisition of certain investment management related assets of Whitney Bank's Horizon Advisers division, the company said.

Federated and Horizon Advisers completed the reorganisations of three Hancock Horizon funds managed by Horizon Advisers into comparable Federated mutual funds managed by Federated's advisory subsidiaries.

In connection with the reorganisations, approximately USD 435m in assets of one fixed-income and two equity Hancock Horizon funds transitioned to Federated funds with comparable investment objectives and strategies.

In relation to the reorganisation, approximately USD 150.7m was transitioned from the Hancock Horizon Value Fund to the Federated MDT Large Cap Value Fund, approximately USD 136.5m was reorganised from the Hancock Horizon Growth Fund to the Federated Kaufmann Large Cap Fund, and approximately USD 147.8m was transitioned from the Hancock Horizon Core Bond Fund to the Federated Total Return Bond Fund.

Federated Investors is an investment manager in the United States, managing USD 365.9bn in assets as of 31 December 2016.

It has 124 funds and a range of separately managed account options, and provides investment management to more than 8,500 institutions and intermediaries including corporations, government entities, insurance companies, foundations and endowments, banks and broker/dealers.

Horizon Advisers is an unincorporated division of Whitney Bank (established 1899) which is a wholly owned subsidiary of Hancock Holding Co.

Whitney Bank manages assets for institutional and high net worth clients including pension plans, endowments, foundations, government entities, corporations, trusts, and estates. Whitney Bank uses trade names including Hancock, Hancock Bank, and Whitney.

Country: USA

Sector: Banking/Financial Services

Target: Approximately USD 435m in assets of one fixed-income and two equity Hancock Horizon funds

Buyer: Federated Investors, Inc

Vendor: Horizon Advisers

Deal size in USD:

Type: Corporate Acquisition

Financing:

Status: Closed

Buyer advisor: , ,

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