Profiles a firm that was reacquired by two companies with different degrees of success highlights integration challenges present in acquisition deals when the primary assets of the target are human capital focuses on furman selz's acquisition by xerox in 1987 its return to a private company in 1993 and a second acquisition, by ing, in 1997. Dutch investment bank ing barings has agreed to pay $500 million plus $100 million in future payments to acquire securities firm furman selz llc the purchase was announced thursday in amsterdam, where directors of barings' parent company, ing groep nv, were scheduled to vote on it.
Keep up with furman selz inc see more information about furman selz inc, find and apply to jobs that match your skills, and connect with people to advance your career. In particular, provides the opportunity to evaluate five major corporate transitions: the initial launching as an independent firm, furman selz, in 1973 the shift to professional management in 1983-1986 the xerox acquisition in 1987 the mbo in 1993 and the ing acquisition in 1997. Furman selz the firm had a unique approach to everything – from hiring employees, selecting clients to providing services as the firm grew in size and in revenues, its founders realized the need for professional management.
Furman selz capital management llc (ing furman selz) has been registered as an investment adviser with the securities and exchange commission since 1984 the predecessor entity to ing furman selz, furman selz mager dietz & birney was founded in 1973.
As of 2004, ing furman selz capital management, llc was merged into ing investment management americas the firm is a privately owned investment manager with approximately $781 billion in assets under management.
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In the latest deal, ing group, the dutch insurance and banking company, said yesterday that it had agreed to buy furman selz llc, a privately held new york securities firm, for $600 million in cash.
Dutch investment bank ing barings's $600 million acquisition of us securities firm furman selz will give both businesses good growth opportunities, officials from the two companies said thursday.