June 18, 2012

JPMorgan Chase to Acquire Stake in Grupo Sura Affiliate

On June 6, 2012, Grupo de Inversiones Suramericana announced that it would sell an interest not greater than 5% in its affiliate Sura Asset Management España to JPMorgan Chase for approximately $177.9 million.

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June 15, 2012

KPMG Investment Management M&A Monthly

KPMG published the May 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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June 15, 2012

Banks Remain Keen on Asset Management Divestitures

On June 8, 2012, SNLFinancial’s Matt Blumenfeld reported that the trend of banks seeking to divest asset and wealth management operations continues.

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June 11, 2012

BlackRock Files Prospectus Supplement

On May 24, 2012, BlackRock, Inc. (NYSE: BLK) filed a prospectus supplement with the SEC relating to the sale of BlackRock shares by Barclays Bank PLC

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June 11, 2012

Barclays Completes Secondary Offering of BlackRock Shares

On May 29, 2012, BlackRock, Inc. (NYSE: BLK) announced the completion of a secondary offering of all of the BlackRock common shares held by Barclays Bank and the closing of its repurchase of 6,377,552 shares from Barclays, completing Barclays’ exit from ownership in BlackRock.

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June 11, 2012

Sprott to Acquire Flatiron Capital Management

On June 6, 2012, Seward & Kissel client Sprott Inc. (TSX: SII) announced plans to acquire alternative investment manager Flatiron Capital Management Partners.

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June 7, 2012

Guaranty Bancorp to Purchase Private Capital Management

On June 4, 2012, Guaranty Bank and Trust Company, a subsidiary of Guaranty Bancorp (NASDAQ: GBNK), announced that it had entered into an agreement to acquire Denver-based wealth manager Private Capital Management

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June 4, 2012

3i Buys Debt Funds from Invesco

On May 31, 2012, London South East reported that 3i Group plc had agreed to buy seven European collateralized loan obligation management contracts from Invesco Ltd.

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June 4, 2012

Rothschild’s RIT Capital Invests in Rockefeller Financial

On May 30, 2012, Lord Rothschild’s RIT Capital Partners plc announced that it will acquire a 37% equity interest in Rockefeller Financial Services, Inc. previously owned by Société Générale Private Banking.

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