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Deals and Transactions

deals and transactions
Michael Sacks, chief executive officer of Grosvenor

Grosvenor Capital Management to acquire CFIG from Credit Suisse

Fri, 02/08/2013 - 16:06

Grosvenor Capital Management, one of the world's largest discretionary allocators to hedge funds, is to acquire the Customized Fund Investment Group (CFIG), a private equity, infrastructure and real estate investment management company, from Credit Suisse Group.  »

Tony Ressler, senior partner, Ares

Alleghany invests in Ares Management

Thu, 01/08/2013 - 12:12

Alleghany has invested USD250m for a 6.25 per cent equity ownership interest in Ares Management, which is privately held, and also committed to invest up to USD1bn of capital in various existing and new Ares investment strategies.    »

Toys “R” Us

Cairn Capital places GBP263.2m Debussy DTC notes for Toys “R” Us

Fri, 26/07/2013 - 12:06

Cairn Capital has structured and placed GBP263.2m in commercial mortgage backed securities (CMBS) notes for Debussy DTC. »

Marianne Brown, president and chief executive, Omgeo

DTCC to acquire full ownership of Omgeo

Thu, 25/07/2013 - 12:00

The Depository Trust & Clearing Corporation (DTCC) is to acquire full ownership of Omgeo, combining Thomson Reuters’ 50 per cent stake in the company with DTCC’s existing 50 per cent ownership. »

Daniel S Loeb, chief executive, Third Point

Yahoo! to repurchase 40 million shares held by Third Point

Wed, 24/07/2013 - 09:41

Yahoo! is to repurchase 40 million shares of Yahoo! common stock beneficially owned by hedge fund Third Point at a purchase price of USD29.11 per share. »

Trading screens

Goldman Sachs completes sale of majority equity stake in REDI

Fri, 19/07/2013 - 06:09

The Goldman Sachs Group has sold a majority equity interest in REDI, the technology provider for the REDIPlus Execution Management System (EMS), to a consortium of investors including BofA Merrill Lynch, Barclays, BNP Paribas, Citadel and Lightyear Capital.  »

Calculator

Broadridge completes Bonaire acquisition

Thu, 18/07/2013 - 16:02

Broadridge Financial Solutions has closed its acquisition of Bonaire Software Solutions, a provider of fee calculation, billing and revenue and expense management solutions for asset managers including institutional asset managers, wealth managers, mutual funds, bank trusts, hedge funds and capital markets firms. »

Mortgage

LendInvest completes first block trade of loans for GBP1.3m

Wed, 17/07/2013 - 23:08

Peer-to-peer mortgage trading platform LendInvest has completed its first block trade of loans. »

Acquisition

Tiger Bay Advisors acquires Gramercy Park Advisors

Wed, 17/07/2013 - 12:16

Tiger Bay Advisors, a provider of consulting and business process outsourcing (BPO) services to asset managers, has completed its acquisition of Gramercy Park Advisors, a boutique strategic advisory firm focused on the asset management industry.  »

Electronic trading floor

S&P Capital IQ agrees deal with Tullett Prebon Information for use and redistribution of market data

Tue, 16/07/2013 - 16:06

S&P Capital IQ, a provider of multi-asset class research, data and analytics, has entered into a long-term, strategic agreement with Tullett Prebon Information (TPI), part of Tullett Prebon, one of the world’s largest inter-dealer brokers. »

Bill Taylor, president of Miravast

Miravast closes USD60m life insurance portfolio acquisition

Thu, 11/07/2013 - 16:08

Miravast Asset Management, an investment adviser specialising in life contingent assets, has advised on the USD60m purchase of a life insurance portfolio by a substantial institutional investor.   »

Michael Azlen, founder and chief executive of Frontier

Gottex completes Frontier acquisition

Fri, 05/07/2013 - 12:09

Gottex Fund Management has completed the acquisition of a majority interest in Frontier Investment Management, a UK multi-asset investment management firm. »

Money and calculator

Broadridge to acquire Bonaire

Thu, 27/06/2013 - 12:05

Broadridge Financial Solutions is to acquire Bonaire Software Solutions, a provider of fee calculation, billing and revenue and expense management solutions for asset managers including institutional asset managers, wealth managers, mutual funds, bank trusts, hedge funds and capital markets firms. »

Handshake

Butterfield Fulcrum Group to be acquired by Mitsubishi UFJ Trust and Banking Corporation

Fri, 21/06/2013 - 08:45

Mitsubishi UFJ Trust and Banking Corporation (MUTB) is to acquire alternative fund administrator Butterfield Fulcrum. Established in 1927, MUTB is a wholly owned subsidiary of Mitsubishi UFJ Financial Group (‘MUFG’), the fifth largest global bank holding company ranked by assets.  »

Mark Beeston, chief executive of portfolio risk services at ICAP

ICAP invests in Enso Financial Management

Thu, 20/06/2013 - 14:33

ICAP, a markets operator and provider of post trade risk mitigation and information services, has made an investment in Enso Financial Management (EFM), an early-stage firm providing hedge funds and asset managers with portfolio reporting and data analytics services. »

FirstRand group chief executive Sizwe Nxasana

Jersey based Ashburton to become part of South African parent’s new investment business

Tue, 18/06/2013 - 16:06

Ashburton (Jersey) Limited is to form the international arm of a new asset manager that will become the fourth financial services franchise of FirstRand Limited alongside existing brands FNB, RMB and WesBank. »

Sean Dowling, office managing partner of Appleby (Isle of Man)

Appleby acquires Caledonian’s IOM operation

Mon, 03/06/2013 - 06:33

Appleby has acquired Caledonian Trust (IOM) and Caledonian Fund Services (Europe) as part of the group’s ongoing strategy to grow its fiduciary and administration business. »

Michel Péretié, RiverRock's partner and co-chief executive

RiverRock European Capital Partners acquires broker-dealer

Thu, 23/05/2013 - 14:04

RiverRock European Capital Partners has acquired a controlling stake in Chenavari Financial Advisors, the broker-dealer business of Chenavari Financial Group. »

Mark W Yusko, chief investment officer of Morgan Creek

Morgan Creek Capital Management to acquire Signet Capital Management

Wed, 22/05/2013 - 10:09

Morgan Creek Capital Management is to acquire the alternative funds business of Signet Capital Management, a European-based institutional fixed income investment firm. »

Jason Spaeth, a managing partner of Värde

Värde Partners acquires FirstCity Financial Corporation

Mon, 20/05/2013 - 10:04

Funds managed by Värde Partners have completed the acquisition of FirstCity Financial Corporation. »

Colin Heffron, chief executive of GFI Group

GFI Group acquires team from Phoenix Partners Group

Thu, 09/05/2013 - 10:14

GFI Group has agreed to acquire certain assets of Phoenix Partners Group, an independent inter-dealer broker operating mainly in the international credit and equity markets. »

Computer screen

Backstop acquires PerTrac CMS

Tue, 07/05/2013 - 06:03

Backstop Solutions Group, a Software-as-a-Service provider to the alternative asset management industry, has acquired the PerTrac CMS product line, a customer relationship management tool built exclusively for the institutional investment community. »

Graham Stock, Insparo

Bharti Airtel-Qatar Investment Group deal highlights continuing African growth potential

Mon, 06/05/2013 - 12:14

Graham Stock (pictured), chief strategist at Insparo Asset Management comments on Bharti Airtel decision to sell a stake to Qatar investment group… »

Document signing

Weeden Investors acquires prime broker Saxis Group

Tue, 23/04/2013 - 16:00

Weeden Investors, the parent company of Weeden & Co – a full-service institutional broker, has completed the acquisition of Saxis Group, a full-service prime brokerage business. »

Closed sign

American Capital closes USD414m managed CLO

Tue, 02/04/2013 - 16:06

ACAS CLO 2013-1, an affiliate of American Capital, has closed on the sale of USD414m of collateralised loan obligation bonds. The transaction was arranged by Deutsche Bank Securities.   »

Jeff Greenberg, chief executive of Aquiline

Aquiline and Genstar to acquire Genworth Wealth Management

Tue, 02/04/2013 - 07:13

Aquiline Capital Partners, a New York-based private equity firm investing in the financial services sector, and Genstar Capital, a middle market private equity firm based in San Francisco, are to acquire Genworth Wealth Management from Genworth Financial for USD412.5m. »

Joachim Gottschalk, chairman and CEO of Gottex

Gottex acquires Frontier Asset Management

Thu, 21/03/2013 - 06:07

Gottex Fund Management has reached agreement on the acquisition of a majority interest in Frontier Investment Management, a multi-asset investment management firm in the UK. »

Accounts

MSCI to sell its CFRA business

Wed, 13/03/2013 - 06:38

MSCI has entered into a definitive agreement to sell its CFRA business, a provider of forensic accounting research, to a private investor for an undisclosed purchase price. »

Jim McCaughan, Principal Global Investors

Principal Global Investors to acquire majority stake in Liongate Capital Management

Mon, 04/03/2013 - 16:39

Principal Global Investors is to acquire a 55 per cent stake in Liongate Capital Management (Liongate), a global alternative investment boutique based in London and New York focused on managing portfolios of hedge funds. »

Shares

Steel Holdings to acquire 7.5 million ModusLink shares at USD4 per share

Tue, 12/02/2013 - 10:15

ModusLink Global Solutions has entered into an investment agreement with Steel Partners Holdings, which together with certain affiliates, including Handy & Harman, beneficially owns 14.9 per cent of ModusLink’s outstanding shares. »

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