April 17, 2013

National Financial Partners/Madison Dearborn Agreement Made Public

National Financial Partners Corp. (NYSE: NFP) has filed with the Securities and Exchange Commission the Agreement and Plan of Merger for the acquisition of the company by an affiliate of Madison Dearborn Partners.

Continue reading...

April 15, 2013

CIBC to Acquire Atlantic Trust

On April 11, 2013, Toronto, Canada-based CIBC (TSX: CM) (NYSE: CM) announced that it had entered into a definitive agreement to acquire Atlantic Trust Private Wealth Management from Invesco for $210 million, providing CIBC an entry into the U.S. private wealth market.

Continue reading...

April 15, 2013

Capital Dynamics and Diligence Capital Establish Strategic Cooperation

On April 8, 2013, Capital Dynamics and Diligence Capital, a China-based RMB fund of funds manager, announced that they had established a full strategic cooperation to take advantage of regional investment opportunities.  Capital Dynamics will adopt Diligence Capital’s Chinese name for activities in China, and Diligence Capital will operate in English under the “Capital Dynamics China” brand.

Continue reading...

April 15, 2013

Credit Suisse to Acquire Morgan Stanley’s Private Wealth Management Businesses in Europe, the Middle East and Africa

On March 27, 2013, Credit Suisse announced that it had reached an agreement to acquire Morgan Stanley’s wealth management businesses in Europe (excluding Switzerland), the Middle East and Africa.

Continue reading...

April 12, 2013

Envestnet to Purchase Prudential’s Wealth Management Solutions

On April 12, 2013, Envestnet, Inc. (NYSE: ENV) announced that it had entered into a definitive agreement to acquire substantially all the assets of the Wealth Management Solutions division of Prudential Investments for $10 million in cash, plus contingent consideration of up to $23 million to be paid out over three years.

Continue reading...

April 8, 2013

HF2 Financial Management Announces Completion of IPO

On March 27, 2013, HF2 Financial Management announced that it had completed an initial public offering of 15,300,000 shares of Class A Common Stock, sold at an offering price of $10 per share.  On April 2, 2013, HF2 Financial announced that the over-allotment option (for an additional 2,295,000 shares) was exercised in full, also at $10 per share, raising a total of $175,950,000.

Continue reading...

April 8, 2013

Aquiline and Genstar to Acquire Genworth Financial’s Wealth Management Business

On March 27, 2013, Aquiline Capital Partners and Genstar Capital announced that, in partnership, they had reached an agreement to acquire Genworth Financial Wealth Management and Altegris, an alternative solutions provider, from Genworth Financial, Inc. (NYSE: GNW) for approximately $412.5 million.

Continue reading...

April 5, 2013

AXA To Sell Majority Stake in AXA Private Equity

On March 22, 2013, AXA announced that its asset management subsidiary AXA Investment Managers had received an irrevocable offer from an investor group to purchase its entire stake in AXA Investment Mangers Private Equity SA.

Continue reading...

April 5, 2013

Nationwide and Reich & Tang Acquire Funds from HighMark

On April 3, 2013, Nationwide Financial announced that it had entered into an agreement to acquire 17 equity and bond mutual funds from HighMark Capital Management, a wholly-owned subsidiary of Union Bank.  Separately, Reich & Tang announced on April 3, 2013 that it had entered into an agreement to acquire 5 money market funds from HighMark.

Continue reading...

April 1, 2013

Q&A – Don Putnam of Grail Partners

Continuing its series of Q&As relating to investment manager deals, IM Deals received the following feedback from Don Putnam, Managing Partner at Grail Partners, a private equity firm focused on financial services companies.

Continue reading...

Menu