Financial services

Bridge completes buyout of PE secondaries firm Newbury

The all-cash transaction is valued at $320.1 million.

TRG completes buyout of African asset manager Ethos

Lazard Ltd advised TRG on the transaction.

Audit and accounting advisor DLA grabs investment from Orangewood

DLA founder and CEO David Landau, will continue to lead the business alongside the existing leadership team, who will maintain a majority ownership in DLA.

First Citizens buys failed Silicon Valley Bank

As part of its agreement with the FDIC, First Citizens Bank will assume SVB's assets of $110 billion, deposits of $56 billion and loans of $72 billion.

HPC invests in PE firm L Catterton

The investment will be used by L Catterton to accelerate its growth.

CVC Capital-backed TMF Group acquire fund administration provider PartnersAdmin

Headquartered in Amsterdam, TMF is a provider of global administrative services, including fund accounting and administration.

J.C. Flowers sells ELMC subsidiaries to NSM Insurance Group

The acquisition includes Sequoia Reinsurance and its divisions Rockport Benefits and Insurance Resources and Auditing Services, LLC.