March 30, 2012

M&A Activity Likely to Increase in 2012 as Markets Improve, Sales by European Banks Accelerate, says PwC US

This March 29, 2012 report by PricewaterhouseCoopers LLP comments on prospective mergers and acquisitions activity in the U.S. financial services industry in 2012.  According to PwC US, M&A activity could increase in both number and value of deals if markets improve and European banks sell noncore business units. To read…

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March 29, 2012

Actinver Acquires American Express’ Mexican IM Assets

On March 7, 2012, wsj.com reported that Mexico’s Corporacion Actinver SAB (ACTINVR.MX) announced its purchase of the Mexican investment management assets of American Express Co. for an undisclosed amount.

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March 29, 2012

U.S. Eastern Regional Dealmaking On the Move

This M&A Alert published by The M&A Advisor on March 23, 2012 quotes Seward & Kissel partner Jim Abbott on M&A trends, including investment management industry M&A activity in 2012. To read this M&A Alert, please click here (PDF reader required).  …

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March 29, 2012

L&T Finance to Acquire Fidelity Indian Asset Management Business

On March 27, 2012, thehindubusinessline.com reported that L&T Finance had agreed to acquire the Indian asset management business of Fidelity International for an undisclosed amount.

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March 29, 2012

RMB Structured Insurance Buys 20% of Truffle

On March 27, 2012,RMB Structured Insurance announced that it had entered into an agreement to acquire 20% of the equity in Truffle Capital. 

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March 28, 2012

Asset Alliance Acquires Monarch Stake

On March 26, 2012, Asset Alliance Corporation announced that its subsidiary, Asset Alliance Wealth Management, had acquired an equity stake in Monarch Business and Wealth Management.

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March 26, 2012

Texas Teacher Pension Acquires Bridgewater Stake

On March 5, 2012, DealBook reported that the Teacher Retirement System of Texas acquired a $250 million nonvoting equity interest in hedge fund manager Bridgewater Associates.

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March 26, 2012

Colorado Wealth Manager Acquires Redstone

On March 15, 2012, the Denver Post reported that Boulder, Colorado-based Walnut Capital Management had merged with Redstone Wealth Advisory.

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March 26, 2012

KPMG Investment Management M&A Monthly

KPMG published the February 2012 edition of its Investment Management M&A Monthly report on activity and news relating to investment manager M&A. To read this publication, please click here.

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March 26, 2012

Coast Asset Management to Divest Fund of Funds Business

On March 23, 2012, Coast Asset Management announced that it will divest itself of its fund of hedge funds business and focus on its fixed income arbitrage investment strategy.

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