October 31, 2011

Sanlam to Acquire Merchant Securities for £12.2M

On October 31, 2011, citywire reported that Sanlam Private Investment is to acquire wealth management firm Merchant Securities for £12.2 million.

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October 27, 2011

iStar Financial Sells Stake in Oak Hill Advisors

On October 25, 2011, Oak Hill Advisors L.P. announced the sale of iStar Financial Inc.’s minority interest in Oak Hill to a group that includes General Atlantic LLC, Robert M. Bass and senior members of Oak Hill management for an undisclosed sum.

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October 27, 2011

Al Baraka Acquires 60% of Al-Tawfeek Shares

On October 25, 2011 ameinfo.com reported that Bahrain-based Al Baraka Banking Group BSC had acquired 60% of the issued shares of Saudi Arabia-based, Sharia-compliant asset manager Al Tawfeek Financial Group.

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October 26, 2011

Sell-off of asset management units continues

This October 24, 2011 article by Joe Mantone in SNL Financial discusses the steady pace of divestitures of asset management businesses during the third quarter of 2011.  To read this article, please click here (PDF reader required).

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October 21, 2011

IFM Trust and Sector Trust Announce Merger

On October 21, 2011 two Jersey trust businesses, IFM Trust Limited and Sector Trust Company Limited, announced they have merged.

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October 21, 2011

Nanostart AG Acquires Russian Asset Manager

On October 21, 2011 German investment company Nanostart AG announced that it had acquired a licensed Russian asset management company for EUR 2.4 million in cash.

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October 20, 2011

Madison Street Capital Fall 2011 M&A Outlook-Hedge Fund Industry

Madison Street Capital issued its Fall 2011 M&A Outlook-Hedge Fund Industry report analyzing deal activity in the hedge fund management sector.  To see a copy of this report, click here.

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October 19, 2011

Sandler O’Neill Asset Manager M&A Quarterly Review

On October 17, 2011 Sandler O'Neill + Partners issued its Asset Manager M&A Quarterly Review analyzing asset manager deal activity in the third quarter of 2011.  To read this Review, please click here (PDF reader required).

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October 19, 2011

Rothschild Announces MBO of Fund-of-Funds Division

On October 17, 2011 the management team of Edmond de Rothschild Private Equity Select LLP announced that it had acquired La Compaignie Financière Edmond de Rothschild Banque SA’s majority interest in the business.

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October 14, 2011

MPL Enters Partnership with MIDF Amanah

On October 13, 2011 hedgeweek.com reported that international fund manager Managing Partners Limited had signed a partnership agreement with Malaysian asset manager MIDF Amanah Asset Management Berhad.

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