Financial services

Audax to invest in Stout

Audax Private Equity has agreed to invest in Stout, a global investment bank and advisory firm.

T. Rowe Price agrees to acquire Oak Hill Advisors for up to $4.2b

T. Rowe Price agreed to commit $500m for co-investment and seed capital alongside Oak Hill management and investors.

Novacap-backed GroupAssur buys Eagle Underwriting

GroupAssur, majority owned by Novacap, has acquired Eagle Underwriting, a Brampton, Ontario-based managing agent focused on transportation, trade and moveable property.

ISG World secures investment from DaGrosa Capital

DaGrosa Capital Partners has made an investment in ISG World, a real estate firm in South Florida.

Macquarie to buy investment advisor Central Park Group

Macquarie Asset Management has agreed to acquire New York-based Central Park Group, an investment advisory firm.

Blackstone REIT closes $3.2bn buy of WPT Industrial REIT

Blackstone Real Estate Income Trust has completed its acquisition of WPT Industrial Real Estate Investment Trust, a Toronto-based real estate investment platform that acquires, develops and operates distribution and logistics properties.

PE-backed Mercer Advisors acquires Lake Point Advisory Group

Mercer Global Advisors Inc, which is backed by Oak Hill Capital and Genstar Capital, has acquired Lake Point Advisory Group, a wealth management firm based in Dallas-Fort Worth, Texas.

PE-backed Hub International acquires Rogersworks

Hub International has acquired the assets of Rogersworks, a Vancouver-based brokerage specializing in employee group benefits and association group benefits.