Financial services

Brookfield to acquire Watermark Lodging Trust for $3.8bn

Brookfield Asset Management has agreed to acquire Watermark Lodging Trust, a Chicago-based real estate investment trust, for $3.8 billion

Carlyle to acquire NSM Insurance Group

White Mountains has agreed to sell NSM Insurance Group to Carlyle.

HomeServices to take minority stake in PE-backed TRG

HomeServices of America, which is backed by Berkshire Hathaway, is acquiring a minority stake in Title Resources Group, a title insurance underwriter.

PE-backed Mercer Advisors acquires Sanford Advisory Services

Mercer Global Advisors Inc, which is backed by Oak Hill Capital and Genstar Capital, has acquired Portage, Michigan-based Sanford Advisory Services, a wealth management firm.

PE-backed Mercer Advisors merges with HYA Advisors

Mercer Global Advisors, which is backed by Oak Hill Capital and Genstar Capital, has merged with HYA Advisors, a Springfield, Missouri-based wealth management firm.

Fourshore acquires financial services firm Celtic Capital

Fourshore Partners has acquired Celtic Capital Corporation, a financial services company focused on asset-based lending to middle-market firms.

CNO takes minority stake in Rialto

CNO Financial Group has acquired a minority stake in Rialto Capital, a real estate investment management and asset management company.

GI Partners-backed Patriot acquires insurance agency BBG

Patriot Growth Insurance Services, which is backed by GI Partners, has acquired Business Benefits Group and its subsidiary Incisive Financial Group.

CPPIB's credit arm provides $300m in funding to Gordon Brothers

Boston-based Gordon Brothers, an advisory, restructuring and investment firm, has secured $300 million in financing from Canada Pension Plan Investment Board.

PE-backed Relation acquires Dahlmeier

Relation Insurance Services, which is backed by Aquiline Capital Partners, has acquired the assets of California-based Dahlmeier Insurance Agency Inc, a P&C and employee benefits agency.