November 25, 2013

China Cinda to Raise Up to $2.5 Billion in Hong Kong IPO

On November 21, 2013, Reuters reported that China Cinda Asset Management Corp., one of China’s four bad loan managers, plans to raise up to $2.5 billion (HK$19 billion) in its Hong Kong initial public offering.

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November 21, 2013

Julius Baer’s Infidar Investment Advisory to Merge with WMPartners

On November 19, 2013, Julius Baer announced that Infidar Investment Advisory, part of the Julius Baer Group, will merge with WMPartners Wealth Management.  Following the transaction, the new company will be one of Switzerland’s largest independent asset managers.

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November 21, 2013

Charles Stanley Group Acquires Evercore Pan Asset Capital

On November 14, 2013, Charles Stanley Group plc announced that it will acquire Evercore Pan Asset Capital Management for an undisclosed sum, plus additional performance-based consideration.

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November 18, 2013

Aberdeen Acquires Scottish Widows, Forms Strategic Partnership with Lloyds

On November 18, 2013, Aberdeen Asset Management announced that is had entered into a long-term strategic partnership with Lloyds Banking Group and that it will acquire Scottish Widows Investment Partnership Group Limited from Lloyds for approximately £550 million.

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November 18, 2013

Wealthcare Capital Announces Merger with NewSpring Holdings

On November 14, 2013, Wealthcare Capital Management announced that it had entered into a merger agreement to be acquired by NewSpring Holdings, a private equity investment company.  The transaction is expected to close in December 2013.

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November 15, 2013

Elements Capital Partners Acquires Stake in NFD

On November 12, 2013, Elements Capital Partners announced that it had acquired a 40.84% stake in NFD d.o.o, a Slovenian mutual fund company.  Elements Capital Partners and NFD’s other major shareholder, the NETA financial group, now hold 82% of NFD.

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November 15, 2013

Snowden Capital Receives Growth Capital from Estancia Capital Partners

On November 13, 2013, Snowden Capital Advisors announced that it will receive a strategic growth capital investment from Estancia Capital Partners.  Snowden Capital Advisors will use the investment to expand its business in existing markets and other target markets.

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November 13, 2013

United Capital Financial Advisors Secures $38 Million in Growth Capital

On October 21, 2013, United Capital Financial Advisors, a registered investment advisor, announced that it will receive $30 million in growth capital from lead investor Sageview Capital LP, plus additional amounts from Bessemer Venture Partners and Grail Partners, for a total amount of $38 million in new capital.

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November 13, 2013

Meeder Investment Management Merges with Productive Capital

On October 9, 2013, Meeder Investment Management, Inc., an investment manager based in Dublin, Ohio, announced that it will merge with Productive Capital Management, Inc., an investment manager based in Cleveland, Ohio.

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November 11, 2013

deVere Announces Acquisition of Elite Investment Group and Precision Group Asia

On November 8, 2013, deVere Group announced that it had acquired Elite Investment Group, China’s second-largest investment advisory group, and Precision Group Asia, a financial planning services company.

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