*

Deal creates group with nearly $2.5 trillion in assets

under

management

*

Deal values Schroders ( SHNWF ) at 612 pence per share

*

Schroders ( SHNWF ) CEO Richard Oldfield to lead firm

post-acquisition

(Writes through with details ​on deal and CEO quote)

LONDON, Feb ‌12 (Reuters) -

British money manager Schroders ( SHNWF ) said on Thursday it

had agreed to be bought ⁠by U.S. asset manager Nuveen for 9.9

billion pounds ($13.50 billion), ⁠while the founding family would

sell-up, in the ‌end of ‌an era for the 222-year-old firm.

Schroders' ( SHNWF ) shareholders will receive 590 pence per ​share

in cash plus permitted dividends ‌of up to 22 pence, valuing the

company at 612 pence per share - a 34% premium ​to Wednesday's

closing price, according ​to LSEG ‌data.

Nuveen, backed by the Teachers Insurance and Annuity

Association of America, said the deal would create a leading

public-to-private ⁠platform with enhanced geographic reach across

the Americas, Europe ⁠and Asia-Pacific.

Nuveen said it has received irrevocable undertakings in

support of the deal from Schroders' ( SHNWF ) principal shareholder group,

which controls 41% of shares through various family trusts.

"The board of ⁠Schroders ‌is confident that this is the right

step ‌for our shareholders, clients and people," Schroders Chair

Elizabeth Corley ⁠said in a statement.

BNP Paribas was sole financial adviser to Nuveen, with

Wells Fargo and Barclays ( BCS ) advising Schroders ( SHNWF ).

Separately on Thursday, Schroders ( SHNWF ) also reported adjusted

operating profit of 756.6 million pounds for 2025, up 25% from a

year earlier.

Schroders ( SHNWF ) CEO Richard Oldfield will continue ​to lead the

firm after the deal closes, with London serving as the combined

group's non-U.S. headquarters.

($1 = 0.7334 pounds)