June 30, 2011

Parthenon to Acquire Wells Fargo Financial Services Business

On June 29, 2011, Wells Fargo & Company (NYSE: WFC) announced that it has entered into a definitive agreement to sell its H.D. Vest Financial Services business to private equity firm Parthenon Capital Partners.

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June 30, 2011

Ackermans & van Haaren Acquires Majority Stake in JM Finn

On June 28, 2011, Belgian investment group Ackermans & van Haaren (Euronext Brussels: ACKB), through its wealth management affiliate Delen Investments, announced an agreement to acquire an approximate 70 percent stake in London-based wealth manager JM Finn & Co Ltd.

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June 30, 2011

Cathay Financial Holdings and Conning Form JV

On June 28, 2011, Cathay Financial Holding Co., Ltd. (TWSE: 2882) and Hartford, Connecticut-based Conning announced a strategic partnership to establish a joint venture in Hong Kong and to make an investment in Conning.

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June 30, 2011

DSF Wealth Spins Off Gleason Agency’s Financial Services Unit

On June 27, 2011, Bridgeville, Pennsylvania-based DSF Wealth Management Group, LLC announced that it will spin off the Financial Services Division of The Gleason Agency.

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June 27, 2011

Uberior Investment and Kenmore Private Equity Sell Braveheart Stakes

On June 24, 2011, Business.scotsman.com reported that Uberior Investments and Kenmore Private Equity have sold their stakes in investment management group Braveheart Investment Group plc as part of a major shareholder restructuring of the AIM-quoted company.

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June 24, 2011

Samena Capital and REYL & CIE Launch Asset Management Joint Venture

On April 19, 2011, Samena Capital and REYL & CIE announced the creation of a joint venture to integrate Samena Capital’s hedge fund seeding business, Samena Asia Managers, with REYL & CIE’s wealth and asset management business.

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June 24, 2011

Franklin Templeton to Acquire Balanced Equity Management

On June 20, 2011, global investment management organization Franklin Templeton Investments announced that Franklin Templeton Investments Australia Limited has entered into an agreement to acquire Balanced Equity Management Pty. Limited in a cash and stock deal.

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June 20, 2011

Thai Kiatnakin Bank purchases 60% of Siam City Asset Management

On June 15, 2011, Thai Kiatnakin Bank Plc entered into a share purchase agreement with Thailand’s Government Pension Fund to acquire 60% of Siam City Asset Management for 234 million baht.

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June 18, 2011

Oaktree Capital Files for IPO

On June 18, 2011 Marketwatch reported that private equity firm Oaktree Capital Management LLC filed for an initial public offering of up to $100 million.

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June 17, 2011

RothsteinKass Private Equity Survey

In May 2011, RothsteinKass published its Private Equity Survey of private equity fund managers, revealing that 15% of the surveyed managers plan in 2011 to increase investment concentration in the financial sector and that 19.3% expect U.S. regulators to reduce restrictions regarding private equity investment in financial institutions. To read…

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