March 12, 2012

Ram Trust Services and Spinnaker Trust to Merge

On March 8, 2012, Mainebiz reported that two Maine-based financial services firms, Ram Trust Services and Spinnaker Trust, will merge to provide trust and investment management services.

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March 12, 2012

Value Partners to Acquire China-based KBC Goldstate

On March 8, 2012, Hedgeweek.com reported that Value Partners Hong Kong had agreed to acquire a 49% interest in KBC Goldstate Fund Management, expanding its China presence.

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March 12, 2012

SEAMARK to Acquire Assets from Leeside Capital

On March 6, 2012, SEAMARK Asset Management, a subsidiary of Matrix Asset Management, announced that it will acquire the assets under management of Leeside Capital Management.

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March 7, 2012

EFG to Sell Remaining Interest in Marble Bar

On March 6, 2012, EFG International announced that it had agreed to sell its remaining stake in Marble Bar Asset Management to senior management of Marble Bar for CHF 28.8 million.

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March 7, 2012

Principal to Acquire Stake in Brazilian Firm Claritas

On March 1, 2012, Principal Financial Group, Inc. (NYSE: PFG) announced that it will acquire a 60% interest in Brazil-based fund manager Claritas Administracai de Recursos.

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March 7, 2012

AIG to Shed Blackstone Stake

On March 2, 2012, Bloomberg.com reported that American International Group Inc. (NYSE:AIG) had sold a $500 million stake in Blackstone Group LP. (NYSE:BX).

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March 2, 2012

Kohlberg Acquires Trimaran Advisors

On February 29, 2012, Kohlberg Capital Corporation announced that it had completed the acquisition of Trimaran Advisors and interests in certain CLO funds in a cash and stock deal.

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March 2, 2012

PWC Asset Management M&A Insights

On February 28, 2012, Pricewaterhouse Coopers LLP issued a report titled “Asset Management M&A Insights:  The Way Forward”, concluding that the outlook for asset management M&A is brighter for 2012 after a disappointing 2011. To obtain a copy of the report, please click here.

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March 1, 2012

Sprott to Acquire Toscana Capital and Toscana Energy

On February 29, 2012, Seward & Kissel client Sprott Asset Management Inc. (TSE:SII) announced the execution of a letter of intent to acquire Toscana Capital Corp. and Toscana Energy Corp. in a $14 million cash and stock deal plus potential future earn-outs.

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March 1, 2012

UBP to Acquire Nexar

On February 29, 2012, Swiss bank Union Bancaire Privée, UBP SA announced that it had agreed to acquire Nexar Capital Group, expanding its alternative investment business.

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