Gartmore Group
| Company type | Public |
|---|---|
| Industry | Investment management |
| Predecessor | British & Commonwealth |
| Founded | 1969 |
| Fate | Acquired by Henderson Group in January 2011 |
| Headquarters | United Kingdom |
Area served | United Kingdom |
Gartmore Group Limited operated as a UK-based investment management company that was publicly traded on the London Stock Exchange.
History
Established in 1969 by British & Commonwealth, Gartmore underwent acquisition by Banque Indosuez in 1989. The firm made its initial public offering on the London Stock Exchange in 1993. Ownership transitioned multiple times thereafter, including purchases by NatWest in 1996, Nationwide Mutual Insurance Company in 2000, and the private equity firm Hellman & Friedman in 2006. Gartmore returned to the London Stock Exchange with a re-listing in December 2009.
In January 2011, the company was acquired by Henderson Group for £335.3 million.
Operations
By the end of 2009, Gartmore's assets under management totaled £22.2 billion. The company reported revenues amounting to £278.3 million, with operating profits of £53.1 million and net earnings reaching £47.6 million.