The merger reflects Nicola's strategy to expand nationwide
Rising supply and demand for transactions could boost deal activity
The deal is expected to close during the first half of 2021
The asset manager is offering US$5.9 billion to acquire the remaining stake in the real estate firm
The moves follow a strategic review of the company's private wealth operations in the U.S.
The acquisition adds more than $5.5 billion to the firm's assets under advisement
Big pharma deal pushes activity to second straight trillion-dollar quarter
Investment banks weathered 2020 better than most
Deal activity is up but the recovery remains selective, says investment bank
M&A activity hit US$1.9 trillion in the second half — and there's still a month to go