Industry Intelligence Mergers and Acquisitions

Marsh McLennan's Mercer to Acquire Cardano

Mercer, a business of Marsh McLennan (NYSE: MMC), has announced that it has reached an agreement to acquire Cardano. Founded in 2000, Cardano is a long-term…

Michael Webb | June 24, 2024

Mercer, a business of Marsh McLennan (NYSE: MMC), has announced that it has reached an agreement to acquire Cardano.

Founded in 2000, Cardano is a long-term savings specialist in the UK and the Netherlands, with approximately $66 billion in assets under management. Terms of the transaction, which is expected to close near the end of 2024, subject to regulatory approvals, were not disclosed.

Cardano offers a range of fiduciary management, investment advisory services, and liability-driven investing and derivatives solutions to both defined benefit and defined contribution pension schemes in the UK and the Netherlands, the two largest pensions markets in Europe. Cardano adopts a differentiated model, offering a combination of direct investment capabilities and external manager selection, as well as deep pension expertise, a solutions mindset, and a long heritage in sustainability. Through NOW: Pensions, Cardano operates the third largest UK master trust platform, serving more than 2 million savers across 27,000 employers, with leadership in the structurally growing auto-enrollment market.

To continue reading, become an ALM digital reader

Benefits include:

  • Complimentary access to Consulting Magazine Online and digital edition
  • Bi-monthly digital newsletter delivered to your inbox
  • 1 free article* every 30 days to Consulting Magazine's sister publications
  • Exclusive discounts on events and publications produced by ALM

You Might Like

Source Advisors Acquires Paramount Tax Group

Source Advisors Acquires Paramount Tax Group

Move strengthens tax expertise and client solutions offerings. Fort Worth-based Source Advisors, a specialty tax consulting firm recognized for its…

Terms of UsePrivacy Policy

Copyright © 2024 ALM Global, LLC. All Rights Reserved.