November 30, 2011

Safra Group to Acquire Majority Interest in Bank Sarasin

On November 25, 2011, Bank Sarasin & Co. Ltd announced that Safra Group had entered into an agreement to acquire Rabobank Group’s majority stake in Sarasin in a cash deal.

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November 28, 2011

Allied Irish Banks to Sell Asset Management Arm to Prescient

On November 21, 2011, RTTNews.com reported that Allied Irish Banks Plc had agreed to sell AIB Asset Management Holdings (Ireland) Limited to South Africa-based Prescient Holdings Limited for an undisclosed amount.

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November 28, 2011

Sapient Private Wealth partners with Focus Financial

On November 8, 2011, Eugene, Oregon-based RIA Sapient Private Wealth Management announced a transaction whereby it became a Focus Financial partner firm.

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November 23, 2011

Spartan Capital Merges with Pennsylvania Trust

On October 24, 2011, Berkshire Capital announced that Spartan Capital Management, LLC had agreed to become part of The Pennsylvania Trust Company, adding approximately $180 million in assets under management.

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November 23, 2011

Banyan Partners Acquires Earl M. Foster Associates

On November 21, 2011, Banyan Partners, LLC announced the acquisition of investment advisor Earl M. Foster Associates, expanding its presence in the Miami, Florida.

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November 23, 2011

Carlyle Acquires Churchill Financial

On November 18, 2011, The Carlyle Group announced that it had acquired middle market lender Churchill Financial BDC Inc. from Olympus Partners for an undisclosed amount.

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November 18, 2011

Focus Financial Announces Investment in Hufford Financial

On October 3, 2011, Focus Financial Partners, LLC announced an investment in Hufford Financial Advisors.

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November 17, 2011

Manning & Napier Advisors Completes IPO

On November 17, 2011, investment management firm Manning & Napier Advisors, LLC announced that its IPO of 12.5 million shares of Class A common stock was priced at $12 per share.  Manning & Napier filed its final IPO prospectus with the SEC on November 16, 2011.

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November 17, 2011

November 16, 2011 Webinar – Preparing for Upcoming Hedge Fund Tax Implications

The webinar, sponsored by Financial Research Associates, featured as speakers Seward & Kissel tax partner Jim Cofer, Madison Street Capital’s Karl D’Cunha and RSM McGladrey’s Daniel Wall, and covered tax and transaction strategies for the sale of hedge fund management firms.  To view materials presented during the webinar, …

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November 17, 2011

Mitsubishi Backs PCG Asset Management MBO

On November 16, 2011, Mitsubishi Corporation announced that its subsidiary, TorreyCove Capital Partners LLC, had entered into an agreement with PCG Asset Management to acquire approximately 80% of the advisory and fund management business of PCG together with its current management team.

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