April 24, 2013

ING Completes Sale of Malaysian Investment Manager

On April 19, 2013, ING announced that it had completed the sale of its 70% stake in ING Funds Berhard, ING’s Malaysian investment manager, to Kenanga Investors Berhad, a wholly owned subsidiary of K&N Kenanga Holdings Berhad.

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April 24, 2013

Brookfield Asset Management Announces Normal Course Issuer Bid

On April 19, 2013, Brookfield Asset Management (NYSE: BAM, TSX: BAM.A) announced that it had received approval from the Toronto Stock Exchange for a normal course issuer bid to purchase up to 53,571,157 of its Class A Limited Voting Shares, or 10% of the public float of outstanding Class A Limited Voting Shares, at market price.

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April 24, 2013

Blackstone to Acquire Credit Suisse’s Strategic Partners Business

On April 22, 2013, Blackstone announced that it had reached an agreement to acquire Strategic Partners, Credit Suisse’s secondary private equity business.

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April 22, 2013

SYZ Acquires Majority Stake in Italian bank Banca Albertini

On April 18, 2013, SYZ & CO, a Swiss banking group, announced that it had acquired a majority interest in the holding company of Italian private bank Banca Albertini Syz & C. SpA, increasing its shareholding from 50% to 64.3%.

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April 22, 2013

ING U.S. Files Preliminary Prospectus in Connection with IPO

On April 16, 2013, ING announced that ING U.S., Inc., its retirement, investment and insurance business, filed a preliminary prospectus with the SEC in connection with an initial public offering.  The total offering will be comprised of a primary component by ING U.S., expected to raise $600 million in primary proceeds, and a secondary offering by ING Group, expected to raise $800 million to $900 million in proceeds.  The current estimated offering price is $21 to $24 per share.

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April 22, 2013

Schroders Acquires 30% of Secquaero Advisors Limited

On April 16, 2013, Schroders announced that it had acquired 30% of the share capital of Secquaero Advisors Limited, a Swiss insurance linked securities investment management business.

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April 22, 2013

SEI Partners with Rothschild To Offer Collective Investment Trusts

On April 16, 2013, SEI (NASDQ: SEIC) announced that it had partnered with Rothschild Asset Management, the asset management business of the Rothschild Group, to offer collective investment trusts (CITs) to the US retirement market.

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April 19, 2013

Silvercrest Renews IPO Bid

On April 19, 2013, renaissancecapital.com reported that Silvercrest Asset Management filed a registration statement for a $60 million IPO, after withdrawing its previously announced IPO attempt in November 2012.

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April 17, 2013

Madison Dearborn to Acquire NFP for $1.3 Billion

On April 15, 2013, National Financial Partners Corp. (NYSE: NFP) announced that it had agreed to be acquired by an affiliate of private equity firm Madison Dearborn Partners for approximately $1.3 billion in cash consideration.

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April 17, 2013

KPMG Investment Management M&A Monthly

KPMG published the April 2013 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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