June 28, 2013
Crestview Partners Seeks to Sell Munder Capital
On June 26, 2013, Reuters reported that Crestview Partners is looking to sell Munder Capital Management, a Birmingham, Michigan-based mutual fund company. Crestview has hired Goldman Sachs Group to assist in the sale.
June 28, 2013
Aegon UK to Sell Positive Solutions to Intrinsic Financial Services Ltd
On June 12, 2013, Aegon UK announced that it had agreed to sell Positive Solutions to Intrinsic Financial Services Ltd.
June 26, 2013
Morgan Stanley Receives Regulatory Approvals to Complete Acquisition of Morgan Stanley Smith Barney
On June 21, 2013, Morgan Stanley (NYSE: MS) announced that it received the final regulatory approvals necessary to complete its acquisition of wealth manager Morgan Stanley Smith Barney Holdings from Citigroup (NYSE: C).
June 24, 2013
Franklin Templeton Completes Acquisition of Pelagos Capital
On June 17, 2013, Franklin Resources, Inc. (NYSE: BEN), which operates as Franklin Templeton Investments, announced that it acquired alternative investments specialist Pelagos Capital Management, LLC.
June 24, 2013
RCAP Holdings to Acquire First Allied
On June 12, 2013, RCAP Holdings, LLC announced that it has signed a merger agreement to acquire First Allied Holdings Inc.
June 21, 2013
JP Morgan to Spin Out One Equity Partners
On June 14, 2013, JP Morgan Chase & Co. (NYSE: JPM) announced that the bank plans to spin out its $4.5 billion private equity unit, One Equity Partners, which will become an independent firm.
June 14, 2013
Banyan Partners Acquires Silver Bridge Advisors
On June 4, 2013, Banyan Partners, LLC and Silver Bridge Advisors, LLC announced the acquisition of Silver Bridge by Banyan for an undisclosed sum.
June 14, 2013
Julius Baer and Kairos Commence Strategic Partnership in Italy
On June 3, 2013, Julius Baer announced the completion of its acquisition of a 19.9% stake in Kairos Investment Management SpA and the commencement of a new strategic partnership, Kairos Julius Baer SIM SpA, in Italy.
June 12, 2013
Carlyle Acquires Remaining 40% of AlpInvest Partners
On June 3, 2013, Bloomberg reported that private equity firm The Carlyle Group had agreed to purchase the remaining 40% of AlpInvest Partners, a Dutch investment manager, for 2.8 million shares and €4 million in cash. Carlyle acquired a 60% stake in AlpInvest in 2011.
June 12, 2013
Morgan Creek to Acquire Signet Capital Management
On May 21, 2013, Morgan Creek Capital Management announced that it will acquire the Alternative Funds business of Signet Capital Management, a European institutional fixed income investment firm.