Public Company Financial Services

T. Rowe Price

Baltimore, Maryland, United States

Global asset management firm providing a broad range of investment solutions across equity, fixed income, and multi-asset strategies for individuals, financial advisors, institutions, and retirement plan sponsors.

Focus Areas
Asset Management, Mutual Funds, Institutional Investment Solutions
Website
troweprice.com

Tracked deals

4

4 tracked deals across 2023-2026.

Recent pace

1

1 tracked deal announced in the last 12 months.

Deal mix

Buyout

2 buyout · 2 growth capital

T. Rowe Price Acquisition Volume by Year

Last 3 years

Acquisition volume by year Annual acquisition counts for the last 3 years for T. Rowe Price. 1 2023 2 2025 ~1 est. 1 2026
Actual Full-year estimate

Supporting Data

Recent Transactions

  • Buyer
    T. Rowe Price Group, Inc.
    Target
    F/m Investments LLC
    Location
    United States
    Type
    Buyout

    T. Rowe Price Group has agreed to acquire F/m Investments, a fixed income asset manager and ETF specialist with about $19 billion in assets under management. The deal is expected to deepen T. Rowe Price’s fixed income capabilities by expanding its fixed income ETF franchise and its separately managed account (SMA) business, with closing expected in early 2027 (terms undisclosed).

  • Buyer
    Qatar Investment Authority (QIA), Janus Henderson Investors, MM Capital, Piper Heartland Healthcare Capital, Eventide Asset Management, Eckuity Capital, T. Rowe Price (funds/accounts advised), Durable Capital Partners LP, Strategic investor (unnamed)
    Target
    Kardium Inc.
    Industry
    Medical Devices
    Location
    British Columbia, Canada

    Kardium Inc., a Vancouver/Burnaby-based medical device company developing the Globe Pulsed Field System for atrial fibrillation, raised USD 250 million in a financing round led by the Qatar Investment Authority (QIA). The growth-capital raise, which included new investors Janus Henderson Investors, MM Capital, Piper Heartland Healthcare Capital, Eventide Asset Management, Eckuity Capital and participation from existing investors such as T. Rowe Price and Durable Capital, will fund regulatory approvals, the commercial launch and expansion of manufacturing capabilities.

  • Buyer
    T. Rowe Price Investment Management, Alpha Wave Global, Temasek
    Target
    Hub International Limited
    Industry
    Insurance

    Hub International Limited announced a definitive agreement for an approximately $1.6 billion minority common equity investment led by funds and accounts advised by T. Rowe Price Investment Management, Alpha Wave Global, and Temasek, valuing HUB at $29 billion. The investment provides primary capital to support growth initiatives, acquisitions, debt repayment and other corporate purposes while Hellman & Friedman retains control and management remains a significant shareholder.

  • Buyer
    T. Rowe Price
    Target
    Retiree, Inc.
    Type
    Buyout

    T. Rowe Price has entered a definitive agreement to acquire Retiree, Inc., a fintech firm that provides retirement income planning software. The terms were not disclosed and the deal is expected to close in Q2 2023; T. Rowe Price said the acquisition will expand its retirement income capabilities and integrate Retiree's tax-aware income planning technology into its retirement solutions.

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