May 29, 2013

Handlesbanken Completes Acquisition of Heartwood Wealth Group

On May 24, 2013, Handlesbanken announced that it had received approval from the British financial supervisory authority for its acquisition of Heartwood Wealth Group Ltd, a British wealth management firm.  All closing conditions have now been met for Handlesbanken to complete its acquisition, previously announced on February 6, 2013.

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May 29, 2013

Oaktree Capital Group Announces Pricing of Class A Unit Offering

On May 22, 2013, Oaktree Capital Group, LLC (NYSE: OAK) announced the pricing of its public offering of Class A units, previously announced on May 20, 2013, at a price of $53.50 per unit.  Oaktree has also increased the size of the offering from 6,000,000 Class A units to 7,000,000 Class A units.

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May 29, 2013

3i Group Offers to Acquire Barclay’s European Infrastructure Fund Management Business

On May 24, 2013, 3i Group plc announced that it had made an irrevocable offer to purchase Barclays Infrastructure Funds Management Limited, subject to an employee information and consultation process and customary regulatory conditions.

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May 24, 2013

Lloyds to Sell Stake in St. James’s Place

On May 22, 2013, 4-traders.com reported that Lloyds Banking Group plc had announced its intention to sell approximately 15% of the issued ordinary share capital of St. James’s Place plc.

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May 23, 2013

Q&A – Charlie Ruffel of Kudu Advisors

Continuing its series of Q&As relating to investment manager deals, IM Deals received the following feedback from Charlie Ruffel, Managing Partner of Kudu Advisors, LLC, a boutique investment bank that operates in the investment management and securities services sectors.

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May 22, 2013

GP Investments and other PE Groups Invest in Apen Ltd.

On May 21, 2013 Swiss-listed private investment company Apen Ltd. announced a series of transactions in which GP Investments Ltd., Newbury Partners LLC, and affiliates of Fortress Investment Group will inject capital and become major shareholders in Apen.

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May 22, 2013

Blackrock Acquires Real Estate Fund MGPA

On May 21, 2013 Citywire.co.uk reported that BlackRock has agreed to acquire MGPA, a private equity real estate advisor, to expand its real estate fund management business.

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May 22, 2013

Oaktree Announces Offering of Class A Units

On May 20, 2013, Oaktree Capital Group (NYSE: OAK) announced a public offering of 6,000,000 Class A units, the proceeds of which will be used to purchase Oaktree interests from related parties.

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May 16, 2013

Bradbury Hamilton Acquires Two Client Books

On May 16, 2013, FT Advisor reported that London IFA Bradbury Hamilton has acquired two client books, representing 450 clients with approximately £35 million in funds under management.

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May 16, 2013

Apollo Investment Corporation Announces Public Offering of Common Stock

On May 14, 2013, Apollo Investment Corporation (NASDAQ: AINV) announced that it plans to make a public offering of 18 million shares of common stock under the company’s shelf registration statement.

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