August 7, 2013

Sense of the markets: M&A up for alternative asset managers

This August 6, 2013 article by Jane Searle in the Deal Pipeline quotes Seward & Kissel partner Jim Abbott on the topic of alternative asset management being a sector that is ripe for deal activity.  To read this article, please Click Here (Deal Pipeline subscription required).

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June 6, 2013

Dyal Capital Partners Acquires Minority Stake in Capstone

On June 4, 2013, Bloomberg reported that Dyal Capital Partners, a private equity firm run by Neuberger Berman Group, had acquired a 20% stake in hedge fund manager Capstone Investment Advisors.

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May 13, 2013

Canadian Western Bank to Acquire 55% Stake in McLean & Partners

On April 23, 2013, Canadian Western Bank (TSX: CWB) announced that it has signed an agreement to acquire a 55% ownership stake in McLean & Partners Wealth Management Ltd. in an all-cash deal.  McLean & Partners’ executive management team will retain a 45% ownership in the company.

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April 8, 2013

Aquiline and Genstar to Acquire Genworth Financial’s Wealth Management Business

On March 27, 2013, Aquiline Capital Partners and Genstar Capital announced that, in partnership, they had reached an agreement to acquire Genworth Financial Wealth Management and Altegris, an alternative solutions provider, from Genworth Financial, Inc. (NYSE: GNW) for approximately $412.5 million.

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March 4, 2013

Principal to Acquire Majority Stake in Liongate

On March 4, 2013, Principal Global Investors announced an agreement to acquire a 55% interest in London-based investment boutique Liongate Capital Management.

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February 11, 2013

Citigroup Spins Out Asset Management Unit

On February 6, 2013, Citi Capital Advisors announced that certain of its businesses will separate from Citigroup and form a new independent asset management firm, Napier Park Global Capital.

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February 7, 2013

Legg Mason Discloses Terms of Fauchier Deal

On February 6, 2013, Reuters.com reported that Legg Mason Inc. is to pay about $80 million plus future incentive payments for hedge fund manager Fauchier Partners, a previously undisclosed amount.

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February 1, 2013

Concordia to Join Mariner Investment Group

On January 15, 2013, Mariner Investment Group, LLC announced a merger agreement with alternative asset manager Concordia Advisors.

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January 31, 2013

Equinox Financial Group Acquires Tapestry Asset Management

On January 24, 2013, Equinox Financial Group announced that it had acquired Tapestry Asset Management, an investment advisor specializing in management of multi-manager hedge fund portfolios and managed futures strategies.

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December 19, 2012

Wells Fargo Acquires 35% Stake in Rock Creek

On December 18, 2012, Bloomberg.com reported that Wells Fargo had acquired a 35% interest in hedge fund firm Rock Creek Group.

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