Business
Recommended Cash Acquisition of Schroders plc by Nuveen, LLC
Nuveen, a global asset manager with $1.4 trillion in assets under management1, and Schroders (LON: SDR), a leading provider of active asset management, advisory and wealth management services with $1.1 trillion in assets under management have agreed to the terms of a board recommended cash acquisition ("the Transaction") by Nuveen for the entire issued and to-be-issued share capital of Schroders for approximately £9.9 billion.
About this update from Schroders Plc
[{"type":"text","content":"Creating a World-Leading Asset Manager with Nearly $2.5 Trillion of AUM","length":71,"tagName":"p","attribs":{}},{"type":"text","content":"NEW YORK, Feb. 12, 2026 /PRNewswire/ -- Nuveen, a global asset manager with $1.4 trillion in assets under management1, and Schroders (LON: SDR), a leading provider of active asset management, advisory and wealth management services with $1.1 trillion in assets under management have agreed to the terms of a board recommended cash acquisition ("the Transaction") by Nuveen for the entire issued and to-be-issued share capital of Schroders for approximately £9.9 billion.","length":480,"tagName":"p"},{"type":"image","alt":"Nuveen logo (PRNewsfoto/Nuveen)","displaySize":"","headline":null,"caption":"Nuveen logo (PRNewsfoto/Nuveen)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":195,"url":"https://media.zenfs.com/en/prnewswire.com/b87a625ca01dbab5c82d4ddcf75904c2"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/LIHAL5_ajgbO04eTLDl9GA--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTM0NDtjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/b87a625ca01dbab5c82d4ddcf75904c2","width":400,"height":195}},"href":"https://mma.prnewswire.com/media/1384554/Nuveen_Logo.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"This Transaction will create one of the largest active global asset management firms, with nearly $2.5 trillion of assets under management. The Combined Group will operate with significant scale and capabilities in the world's largest financial centers with a presence in more than 40 markets in total.","length":306,"tagName":"p"},{"type":"text","content":""Through this exciting and transformational step for both of our distinguished firms, we look forward to welcoming Schroders into the Nuveen family. By bringing our complementary platforms, capabilities, distribution networks, and cultures together, we will create an extraordinary opportunity to enhance the way we serve our collective clients through access to new markets, bolstered product offerings, and deeper pools of investment talent," said William Huffman, Chief Executive Officer, Nuveen. "This transaction is about unlocking new growth opportunities for wealth and institutional investors around the world by giving our leading, differentiated public-to-private ...