RCS Capital to acquire J.P. Turner & Company

January 20, 2014

RCS Capital to acquire J.P. Turner & Company RCS Capital Corporation (NYSE:RCAP) announced on January 17, 2014 that it had entered into an agreement to acquire independent brokerage and investment banking firm J.P. Turner & Company and its affiliated investment advisory company J.P. Turner & Company Capital Management.  Continue reading “RCS Capital to acquire J.P. Turner & Company”

On January 17, 2014, RCS Capital Corporation (NYSE:RCAP) announced that it had entered into an agreement to purchase J.P. Turner & Company, LLC, an independent brokerage and investment banking firm, and its affiliated investment advisory company, J.P. Turner & Company Capital Management, LLC, for initial consideration of $27 million in cash and stock, and potential earnout payments of up to an additional $7.55 million. The transaction is expected to close later in 2014 and is subject to certain regulatory approvals and filings and certain customary and other closing conditions, including completion by RCAP of its pending acquisition of Cetera Financial Holdings, Inc.

To read the press release, please click here.


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Investment Manager M&A, Transactions