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Deals and Transactions

deals and transactions
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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. »

Acquisition

Fiera Capital acquires fixed income, equity and balanced account business of UBS Global Asset Management (Canada)

Fri, 01/02/2013 - 14:02

Fiera Capital has closed the acquisition of the Canadian fixed income, Canadian equity and domestic balanced account business from UBS Global Asset Management (Canada). »

Oil

Elliot Associates to nominate execs to Hess Corp board

Fri, 01/02/2013 - 06:19

Hedge fund Elliot Associates is planning to nominate five executives to the board of Hess Corp as it looks to force a break up of the US oil and gas company. »

Handshake with money

GAM to take a minority investment in macro manager QFS

Mon, 14/01/2013 - 14:46

GAM Group AG (GAM), a wholly owned subsidiary of GAM Holding AG is to enter into a partnership with QFS Asset Management L.P. (QFS), a US-based alternative asset management boutique that specialises in currency, global macro and fixed income strategies. »

Declan Kenny, chief executive of IFG Trust and Corporate Group

IFG Trust and Corporate Group acquires Moore Group

Fri, 04/01/2013 - 10:00

The IFG Trust and Corporate Group has concluded its acquisition of Moore Group following receipt of regulatory approval from the Jersey Financial Services Commission (JFSC). »

Acquisition

Aston Hill completes purchase of Citadel Securities

Fri, 21/12/2012 - 14:24

Aston Hill Financial has completed its purchase of Citadel Securities, a provider of investment advice and services to private and institutional investors. »

Isaac Souede, Chief Executive Officer of Permal

Legg Mason and Permal acquire Fauchier Partners

Thu, 13/12/2012 - 12:49

Legg Mason and affiliate Permal are to acquire Fauchier Partners, a European-based manager of funds of hedge funds, from BNP Paribas Investment Partners. The deal, which will see Fauchier Partners combine with Permal, will create an institutionally focused platform with approximately USD24 billion in assets under management, offices in nine locations around the world, and a global investment team based in New York, London, Paris and Singapore. »

Joe Holman, founder and managing partner of Columbus Avenue

Orangefield Group acquires Columbus Avenue

Thu, 06/12/2012 - 10:21

Orangefield Group, a provider of administration, management and trust services, has acquired hedge fund administrator Columbus Avenue Consulting. »

Acquisition

Sumitomo Mitsui Trust Bank acquires Daiwa Global Asset Services

Fri, 23/11/2012 - 12:08

Sumitomo Mitsui Trust Bank (SMTB) has completed the acquisition of the global asset services division from Daiwa Securities Group. »

Ian Moore, executive chairman, IFG Trust and Corporate Group

IFG Trust and Corporate Group acquires the Moore Group

Mon, 19/11/2012 - 11:45

IFG Trust and Corporate Group has acquired Jersey-based Moore Group. »

Sold sign

Man sells residual Lehman exposure

Fri, 16/11/2012 - 14:21

Man Group has entered into a series of transactions with Hutchinson Investors, managed by the Baupost Group, to sell the residual exposure to the Lehman estates that it acquired in July 2011 from certain GLG managed funds. »

Jim Minnick, co-founder and chief executive of eVestment

eVestment acquires PerTrac and Fundspire

Wed, 14/11/2012 - 12:07

eVestment, a provider of institutional investment data and cloud-based analytic solutions, has acquired PerTrac, a provider of hedge fund analysis software and workflow solutions, and Fundspire, a cloud-based technology provider of hedge fund analytics.  »

Joe Redwine, US Bancorp Fund Services

US Bancorp Fund Services acquires AIS Fund Administration

Wed, 14/11/2012 - 10:15

US Bancorp Fund Services, a subsidiary of US Bancorp (NYSE:USB), has agreed to acquire AIS Fund Administration (AIS), a provider of fund administration and related services to alternative investment managers.   »

Man with loud hailer

Leucadia National Corporation and Jefferies Group to merge

Tue, 13/11/2012 - 15:40

Leucadia National Corporation (NYSE: LUK) and Jefferies Group have approved a definitive merger agreement under which Jefferies’ shareholders (other than Leucadia, which currently owns approximately 28.6% of the Jefferies outstanding shares) will receive 0.81 of a share of Leucadia common stock for each share of Jefferies common stock they hold. »

Steve Georgala, chief executive of Maitland

Maitland acquires Admiral Administration

Fri, 09/11/2012 - 06:25

Maitland, a provider of fund administration, multi-jurisdictional legal, tax, fiduciary and investment advisory services, has acquired Admiral Administration. »

Georg Jensen bracelet

Investcorp acquires Scandinavia's luxury brand Georg Jensen

Tue, 06/11/2012 - 12:17

Investcorp, a provider and manager of alternative investment products, is to acquire Scandinavia's luxury retailer Georg Jensen for USD140m from private equity group Axcel Capital Partners. »

Tick

Franklin Templeton completes purchase of majority stake in fund of hedge funds specialist K2 Advisors

Mon, 05/11/2012 - 06:00

Franklin Resources, which operates as Franklin Templeton Investments, has completed the acquisition of a majority stake in fund of hedge funds manager K2 Advisors Holdings LLC. »

Trading

MarketAxess to acquire Xtrakter from EuroClear

Fri, 02/11/2012 - 15:42

MarketAxess Holdings has agreed to acquire Xtrakter Limited, a provider of regulatory transaction reporting, financial market data and trade matching services to the European securities markets for GBP26 million. Xtrakter is a wholly owned subsidiary of Euroclear SA/NV. »

Man with loud hailer

Double Haven acquires DragonBack Capital

Wed, 24/10/2012 - 06:30

Double Haven Capital Management (Hong Kong) Limited (Double Haven) has acquired the hedge fund platform, DragonBack Capital Limited. »

Andrew H. Moser, president of Salus Capital

Salus Capital Partners closes USD65m DIP facility for HMX Group

Mon, 22/10/2012 - 12:07

Salus Capital Partners has provided a USD65m Debtor-in-Possession (DIP) credit facility to HMX Group, a designer, manufacturer and marketer of men’s and women’s business and leisure apparel. »

Bill Stone, chairman and chief executive officer, SS&C Technologies

SS&C acquires Hedgemetrix

Fri, 19/10/2012 - 14:17

SS&C Technologies has acquired Texas-based Hedgemetrix, a boutique full-service fund administrator providing accounting, tax, and consulting services to domestic and offshore hedge funds, private equity funds, funds of funds and their investment managers. »

Olivier Dellenbach, eFront

eFront acquires DMLT

Fri, 12/10/2012 - 13:00

eFront, an alternative investment software solutions provider backed by private equity firm Francisco Partners, has acquired DMLT, a provider of investor reporting and portal services for the alternative asset community. »

Handshake and money

Management of Larch Lane Advisors to acquire business from OMAM

Fri, 12/10/2012 - 10:07

The existing management team of Larch Lane Advisors, a specialist in early stage hedge fund investing and seeding, is to acquire the business from parent company Old Mutual Asset Management (US). »

Bill Stone, chairman and chief executive officer, SS&C Technologies

SS&C acquires Gravity Financial

Mon, 01/10/2012 - 10:19

SS&C Technologies, a provider of financial services software and software-enabled services, has acquired full-service fund administrator Gravity Financial. »

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