July 22, 2013

Industrial Alliance to Acquire Jovian Capital

On July 16, 2013, Industrial Alliance Insurance and Financial Services (TSX: IAG) announced that it will acquire Jovian Capital (TSX: JOV) at $10.23 per common share, for a total consideration of $94 million.

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July 18, 2013

Silk Invest and Rosemont Announce Partnership

On July 8, 2013, Silk Invest and Rosemont Investment Partners announced a new partnership and minority equity investment by Rosemont in Silk Invest, allowing Silk Invest to launch new offices and products in North America.

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July 18, 2013

Investcorp and Kortright Capital Announce Strategic Partnership

On July 16, 2013, Investcorp and Kortright Capital Partners announced that Kortright, a New York-based investment manager, will join Investcorp’s Single Manager Platform.  Investcorp’s seed investment in Kortright was not disclosed, but Investcorp historically provides from $50 to $100 million in seed capital.

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July 18, 2013

HSBC Trinkaus & Burkhardt to Sell Private Banking Business to VP Bank

On July 15, 2013, HSBC Trinkaus & Burkhardt AG announced that it agreed to sell its private banking and related fund business to VP Bank (Luxembourg) SA and VPB Finance SA for an undisclosed sum.

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July 18, 2013

Matrix Completes Sale of Seamark Asset Management

On July 12, 2013, Matrix Asset Management (TSX: MTA) announced that it had completed the sale of the operating assets of its subsidiary SEAMARK Asset Management, renamed GrowthWorks Enterprises Ltd., for $1.62 million in total consideration.

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July 15, 2013

Q&A – Steve Levitt of Park Sutton Advisors

Continuing its series of Q&As relating to investment manager deals, IM Deals received the following feedback from Steve Levitt, Co-Founder and Managing Director of Park Sutton Advisors, LLC, a boutique investment bank that specializes in the financial services industry.

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July 15, 2013

SkyBridge Announces Strategic Partnership with Woori

On July 9, 2013, SkyBridge Capital, a research-based alternative investment firm, announced a strategic partnership with Woori Investment & Securities providing for the distribution of SkyBridge’s hedge fund products in Korea and other regions in Asia.

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July 11, 2013

Dyal Capital Partners to Acquire Minority Interest in Waterfall

On July 10, 2013, Dyal Capital Partners and Waterfall Asset Management announced that Dyal will acquire a passive minority interest in Waterfall from M.D. Sass-Macquarie Financial Strategies for an undisclosed sum.

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July 11, 2013

Macquarie to Acquire ING Investment Management Korea

July 11, 2013 On July 10, 2013, Macquarie Investment Management announced that it will acquire ING Investment Management Korea, subject to regulatory approval, for an undisclosed sum.

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July 10, 2013

Friess Buys Back Stake from AMG

On July 4, 2013, pionline.com reported that employees of Friess Associates, the adviser for the Brandywine mutual fund family, will buy back the 70% stake owned by Affiliated Managers Group (NYSE: AMG).

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