On July 28, 2014 Ares Capital Prices Offering of 13.5 Million Common Shares On July 16, 2014, Ares Capital Corporation (Nasdaq: ARCC) announced that it priced a public offering of 13.5 million shares of its common stock.
On June 13, 2014, RCS Capital Corporation (NYSE: RCAP) announced the closing of its acquisition of Atlanta, Georgia-based J.P. Turner & Company, and its affiliate J.P. Turner & Company Capital Management, in a cash and stock deal.
On July 11, 2014, Friends Life Group Limited, a London-based life assurance firm, announced the disposal and proposed share buy-back of the entire share capital of its wholly-owned subsidiaries, Lombard International Assurance S.A. and Insurance Development Holdings AG, to funds managed by Blackstone Group LP for an initial consideration of £317 million.
On July 16, 2014, Boston Private Financial Holdings Inc. (NASDAQ: BPFH) and Boston Private Bank & Trust Company announced the acquisition of Banyan Partners, LLC, adding approximately $4.3 billion in assets under management.
On June 30, 2014, U.S. Global Investors, Inc. (Nasdaq: GROW) announced that it had completed its purchase of an additional 15 percent interest in Galileo Global Equity Advisors, Inc., bringing its total ownership of Galileo to approximately 65 percent.