January 11, 2012

CVC Capital and Resource America Form Global Credit Manager

On January 4, 2012, Resource America, Inc. (NASDAQ: REXI) announced that it had entered an agreement to sell Apidos Capital Management, LLC to CVC Capital Partners SICAV-FIS, S.A. for $25 million and a minority stake in a newly created global credit manager.

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January 5, 2012

Mitchell, Hartley & Bechtel Client Letter

Mitchell, Hartley & Bechtel Advisors on January 3, 2012 issued a client letter which includes an analysis of 2011 M&A activity and trends in the asset management sector.  To read this letter, click here (PDF reader required).

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December 28, 2011

FrontPoint to Spin Out Remaining Hedge Fund

On December 22, 2011, newstimes.com reported that FrontPoint Partners LLC’s last hedge fund manager, Stephen Czech, will leave the firm to start his own hedge fund.

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December 19, 2011

Wells Fargo To Acquire EverKey Global Partners

On December 15, 2011, Wells Fargo announced that it had entered a definitive agreement to acquire Seward & Kissel client EverKey Global Partners, a global equity manager which will join Wells Capital Management, the asset management subsidiary of Wells Fargo Bank, N.A.

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December 16, 2011

Apollo Global Management to Acquire Stone Tower Capital

On December 16, 2011, Apollo Global Management announced that it had agreed to acquire alternative credit manager Stone Tower Capital LLC for an undisclosed sum.

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November 23, 2011

Carlyle Acquires Churchill Financial

On November 18, 2011, The Carlyle Group announced that it had acquired middle market lender Churchill Financial BDC Inc. from Olympus Partners for an undisclosed amount.

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November 17, 2011

November 16, 2011 Webinar – Preparing for Upcoming Hedge Fund Tax Implications

The webinar, sponsored by Financial Research Associates, featured as speakers Seward & Kissel tax partner Jim Cofer, Madison Street Capital’s Karl D’Cunha and RSM McGladrey’s Daniel Wall, and covered tax and transaction strategies for the sale of hedge fund management firms.  To view materials presented during the webinar, …

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November 2, 2011

Silvercrest Asset Management Acquires Milbank Winthrop

On November 1, 2011, Silvercrest Asset Management Group LLC announced that it had acquired the business of Seward & Kissel registered investment advisor client Milbank Winthrop & Co., Inc., bringing Silvercrest’s assets under management to approximately $10.5 billion.

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October 27, 2011

iStar Financial Sells Stake in Oak Hill Advisors

On October 25, 2011, Oak Hill Advisors L.P. announced the sale of iStar Financial Inc.’s minority interest in Oak Hill to a group that includes General Atlantic LLC, Robert M. Bass and senior members of Oak Hill management for an undisclosed sum.

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October 20, 2011

Madison Street Capital Fall 2011 M&A Outlook-Hedge Fund Industry

Madison Street Capital issued its Fall 2011 M&A Outlook-Hedge Fund Industry report analyzing deal activity in the hedge fund management sector.  To see a copy of this report, click here.

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