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June 7, 2022

abrdn pulls out of Exo Investing acquisition, invests in Nucoro

abrdn has agreed to make an undisclosed investment in fintech Nucoro , after scrapping a deal to purchase its subsidiary company, Exo Investing .

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How attractive are current investment opportunities in Europe?

Europe has been identified as one of the most favorable regions for investors, seeing high investment activity in the past year. Most of these investments have been through Debt Offering, valued at close to $700 billion. The region has provided attractive investments in a diverse set of companies. Companies who tend to major themes such Digital Media, Cloud, Artificial Intelligence, E-commerce, and Big Data are recording the highest number of deals, with Digital Media recording close to 2,000 deals. However, GlobalData’s whitepaper offers a full view of the market, analyzing less successful or attractive points of investment as well, examining statistics on Equity Offering investments and PE/VC deals. Understand how government agencies for economies around the world use GlobalData Explorer to:  
  • Track the M&A and Capital Raising volumes into their target market
  • Identify the top sectors in the target market attracting the investments
  • For any investment segment, identify the top Investors inside and outside the target economy that are already investing in the Segment
  • Assess and showcase the growth potential for various Industries in the target economy
Don’t miss out on key market insights that can help optimize your next investment – read the report now.
by GlobalData
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The British asset manager agreed to acquire Exo Investing in August last year to bolster its existing personal vector capabilities.

abrdn pulled out of the deal after the companies concluded that a strategic partnership and investment into Exo’s parent company, Nucoro, was of more strategic value.

The investment, which will be part of Nucoro’s upcoming funding round, will support the roll out of its cloud-native investment technology.

The partnership is expected to provide abrdn access to a wider range of technology knowledge.

Additionally, Nucoro’s technology is claimed to align closely with abrdn’s personal vector client-led growth strategy.

abrdn chief strategy and business development officer David Mouille said: “abrdn is at the forefront of the next era of the investment landscape, helping our clients plan, save and invest for their future. Nucoro’s technology showcases best in class investment infrastructure that will power this future and we are excited to invest in the company behind it.”

Nucoro CEO Lennart Asshoff said: “We are delighted that abrdn has chosen to invest in our technology. Nucoro offers the world’s most flexible investment platform, enabling financial institutions to build digital savings, investment and wealth management propositions at speed and scale.

“The investment of abrdn is a strong endorsement for our technology and our approach, and we look forward to working closely in partnership with abrdn in the future.”

Recently, abrdn concluded its previously announced acquisition of subscription-based investment platform interactive investor.

Free Report
img

How attractive are current investment opportunities in Europe?

Europe has been identified as one of the most favorable regions for investors, seeing high investment activity in the past year. Most of these investments have been through Debt Offering, valued at close to $700 billion. The region has provided attractive investments in a diverse set of companies. Companies who tend to major themes such Digital Media, Cloud, Artificial Intelligence, E-commerce, and Big Data are recording the highest number of deals, with Digital Media recording close to 2,000 deals. However, GlobalData’s whitepaper offers a full view of the market, analyzing less successful or attractive points of investment as well, examining statistics on Equity Offering investments and PE/VC deals. Understand how government agencies for economies around the world use GlobalData Explorer to:  
  • Track the M&A and Capital Raising volumes into their target market
  • Identify the top sectors in the target market attracting the investments
  • For any investment segment, identify the top Investors inside and outside the target economy that are already investing in the Segment
  • Assess and showcase the growth potential for various Industries in the target economy
Don’t miss out on key market insights that can help optimize your next investment – read the report now.
by GlobalData
Enter your details here to receive your free Report.

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