November 29, 2012

Grupo Financiero Banorte to Acquire Afore Bancomer

On November 27, 2012, Grupo Financiero Banorte announced that it had reached an agreement with Grupo BBVA to acquire Administradora de Fondos para el Retiro Bancomer, S.A. de C.V. (“Afore Bancomer”) in a transaction estimated to be valued at $1.6 billion.

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November 26, 2012

MitonOptimal to Acquire Majority Stake in Argyll Investment Services

On November 26, 2012, MitonOptimal announced that it will acquire a majority stake in Guernsey-based Argyll Investment Services Limited for an undisclosed sum.

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November 26, 2012

Finland’s eQ Acquires ICECAPITAL’s Asset Management Business

On November 20, 2012, eQ Plc announced that it had acquired ICECAPITAL Securities Ltd’s asset management business for €14.1 million.

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November 23, 2012

ING to Sell Investment Management Business in Thailand to UOB

On November 20, 2012, ING announced that it will sell its investment management business in Thailand to UOB Asset Management Ltd for total cash consideration of €10 million.

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November 19, 2012

Quilter and Cheviot Asset Management Announce Merger

 On November 13, 2012, Quilter & Co. Limited announced that it had signed an agreement with Cheviot Asset Management to combine their two businesses.  The transaction is to be funded by Quilter’s European private equity firm owner, Bridgepoint.

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November 19, 2012

Brooks Macdonald Acquires Spearpoint in the Channel Islands

On November 16, 2012, Brooks Macdonald Group plc announced that it had acquired Spearpoint, a Channel Islands-based wealth management business, for approximately £23.1 million in cash and equity, plus deferred consideration payable in cash in November 2014. 

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November 19, 2012

Old Mutual to Acquire Majority Stake in AIVA Business Platforms

On November 19, 2012, Old Mutual plc announced that it will acquire a majority stake in AIVA Business Platforms, a family-owned business platform and distribution firm based in Uruguay.

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November 13, 2012

The Principal/Empresas Penta Purchase Agreement Made Public

The Principal Financial Group has filed with the SEC its Sale and Purchase Agreement with Empresas Penta S.A. and Inversiones Banpenta Limitada to purchase AFP Cuprum S.A.

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November 12, 2012

Sovereign Capital to Purchase Interest in Daymark Realty Advisors

On October 18, 2012, Infinity Urban Century, an investment unit of Infinity Group, announced that it had sold its interest in Daymark Realty Advisors to Sovereign Capital Management for an undisclosed sum.  Following the transaction, Sovereign Capital will become the sole owner of Daymark.

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November 12, 2012

Julius Bair Forms Strategic Partnership with Kairos

On November 12, 2012 Julius Baer (BAER) announced that it had reached an agreement with Kairos Investment Management SpA to create a wealth management business and to establish a new private bank in Italy; both ventures will be run under the name Kairos Julius Baer.

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