F/m Investments to be Acquired by T. Rowe Price Group, Inc.

Fried Frank is advising the seller of F/m Investments, a fixed income asset manager and ETF specialist with approximately $19 billion in assets under management, on its agreement to be acquired by global investment management firm T. Rowe Price Group, Inc. The acquisition is expected to deepen T. Rowe Price's fixed income capabilities, accelerate growth across its ETF franchise, and broaden its liquidity, cash management and customized fixed income offerings. Upon closing, which is expected in early 2027, F/m will operate as "F/m Investments, a T. Rowe Price Company," retaining its brand, leadership, investment approach and day-to-day operating model. Read the companies' press release for more information.

This transaction further highlights Fried Frank's position as a trusted advisor to prominent asset managers on their most transformative transactions, resulting in solutions that unlock value and achieve their strategic objectives.

Asset management M&A partner Nathan R. Pusey is leading the Fried Frank team.

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