On February 29, 2012, Swiss bank Union Bancaire Privée, UBP SA announced that it had agreed to acquire Nexar Capital Group, expanding its alternative investment business.
On February 29, 2012, Union Bancaire Privée, UBP SA announced that it had entered into a definitive agreement to acquire Nexar Capital Group. UBP is a Switzerland-based private bank specializing in the hedge fund industry. Nexar is a global alternative investment manager. The deal is subject to regulatory approvals and the terms of the transaction were not disclosed.
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