A consortium led by French asset manager Amundi, private equity firm KKR, and a unit of Singapore’s Temasek Holdings is among the top bidders for a majority stake in UOB Asset Management, according to market sources. The transaction, valued at approximately $1.8 billion, marks one of the largest asset management acquisitions in Southeast Asia in recent years.
- Valuation of the UOB Asset Management stake estimated at $1.8 billion
- Bidding consortium includes Amundi, KKR, and a Temasek-backed entity
- Target acquisition: 65% controlling stake in UOB Asset Management
- UOB Asset Management reported $420 million in trailing 12-month revenue
- Net assets under management stood at $12.3 billion as of December 2025
- Deal represents one of the largest asset management transactions in Southeast Asia in 2026
The pursuit of UOB Asset Management has intensified as financial institutions across Europe and Asia position themselves to expand their footprint in the region’s rapidly growing wealth management sector. The bidding group, comprising Amundi, KKR, and a Temasek-affiliated entity, is reportedly offering a premium valuation based on UOB Asset Management’s trailing 12-month revenue of $420 million and a net asset value of $12.3 billion as of December 2025. The deal, if completed, would see the group acquire a controlling 65% stake, leaving UOB with a minority position and continued operational oversight in the joint venture structure.