July 31, 2013

ILH Group Acquires Capricorn Investment and Pentad Group

On July 31, 2013, Lawyersweekly.com reported that ILH Group Limited had acquired Capricorn Investment Partners and The Pentad Group  for $9.25 million.

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July 31, 2013

Legg Mason Sells Its Private Capital Management Unit

On July 25, 2013, Reuters reported that Legg Mason (NYSE: LM) had sold its equity investment unit Private Capital Management to the management team.

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July 31, 2013

XL Group and Stone Point Launch Investment Management JV

On July 25, 2013, XL Group (NYSE: XL) announced the formation of an investment management joint venture with Stone Point Capital LLC, a Greenwich-based private equity firm.

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July 31, 2013

Bellpenny Completes Acquisition of Entire Wealth Management

On July 25, 2013, UK-based wealth manager Bellpenny announced the completed acquisition of independent financial advisor Entire Wealth Management Ltd.

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July 31, 2013

Sumitomo Mitsui to Acquire Societe Generale Private Banking Japan

On July 24, 2013, Tokyo-based Sumitomo Mitsui Banking Corporation announced that it will acquire Societe Generale Private Banking Japan Ltd., the Tokyo-based wholly owned subsidiary of French Societe Generale.

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July 31, 2013

Royal London to Acquire Co-operative Asset Management Ltd.

On July 29, 2013, Royal London Mutual Insurance Society announced receipt of regulatory approval for its acquisition of the Co-operative Banking Group’s asset management business.

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July 29, 2013

Oaktree Underwriting Agreement Made Public

Oaktree Capital Group, LLC (NYSE: OAK) has filed the Underwriting Agreement for its public offering of 7,000,000 Class A units with the Securities and Exchange Commission.

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July 29, 2013

Envestnet/ Prudential Agreement Made Public

Envestnet, Inc. (NYSE: ENV) has filed the Purchase and Sale Agreement for its acquisition of Prudential Investments’ Wealth Management Solutions division with the Securities and Exchange Commission.

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July 25, 2013

Reliance Trust Acquires Grand Bank and Trust of Florida’s Asset Management Business

On July 16, 2013, Reliance Trust Company, a subsidiary of Atlanta-based Reliance Financial Corporation, announced that, effective July 31, 2013, it will acquire West Palm Beach-based Grand Bank and Trust of Florida’s trust and asset management business. 

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July 25, 2013

Affiliated Managers Group to Redeem Convertible Senior Notes

On July 16, 2013, Affiliated Managers Group (NYSE: AMG) filed notice with the Securities and Exchange Commission that it will redeem all outstanding 3.95% Convertible Senior Notes due in 2038 on August 15, 2013. 

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