IM Deals - Investment Management Deals Blog - Seward & Kissel LLP

Mesirow Financial Equity Team to Join Roosevelt Investments

On January 31, 2012, investment management firm The Roosevelt Investment Group, Inc. announced that it had completed a transaction to acquire an international equity team from Mesirow Financial.

Investec Acquires Ireland’s NCB Group

On January 30, 2012, the Irish Independent reported that asset management group Investec’s Irish division is to acquire Dublin-based broker and wealth manager NCB Stockbrokers for approximately €32 million.

Renaissance Acquires Two Griffin Emerging European Funds

On January 26, 2012, Renaissance Asset Managers announced that it will take on the management of Griffin Ottoman Fund and Griffin Eastern European Value Fund, boosting its assets by approximately $116 million.

Raymond James to Acquire Morgan Keegan

On January 11, 2012, Florida-based Raymond James Financial, Inc. (NYSE: RJF) announced that it will expand its private client wealth management and capital markets businesses through the acquisition of Morgan Keegan & Company, Inc. from Regions Financial for $930 million.

Bridgepoint Acquires Quilter

On January 24, 2012, private client wealth management group Quilter & Co. Ltd. announced that it had been acquired by European private equity firm Bridgepoint Capital Ltd. from its former parent Morgan Stanley Smith Barney.

Nippon Life to Acquire 26% Stake in Reliance Capital

On January 19, 2012, India-based Reliance Capital Asset Management announced that Japan-based Nippon Life Insurance Company had signed a Memorandum of Understanding to acquire a 26% stake in Reliance Capital in exchange for an investment of RD 1,450 crore ($290 million).

Cowen Group to Acquire Algorithmic Trading Management

 On January 17, 2012, Cowen Group, Inc. announced it had agreed to acquire Algorithmic Trading Management, LLC, a provider of algorithmic execution trading models.

KBC Acquires Remaining Shares in Polish Asset Manager

On January 17, 2012, KBC Asset Management NV announced that it had reached an agreement with Kredyt Trade Sp z.o.o. and Warta to buy their stakes in Polish asset management company KBC TFI.

The Cambridge Commentary: A Review of Developments in the Investment Management Industry During 2011

In January 2012 Cambridge International Partners Inc. published the 2011 edition of its Review of Developments in the Investment Management Industry During 2011.  The commentary reports on M&A transactions and trends relating to the investment management industry.

To read this publication, please click here.

Cornerstone and Regal Merge

On December 23, 2011, InvestmentNews.com reported that Cornerstone Capital Management Inc. and Regal Investment Advisors LLC had merged.