Private Equity
Assured Guaranty US Holdings Inc, a subsidiary of Assured Guaranty Ltd, has agreed to acquire BlueMountain Capital Management, an alternative asset management firm. The purchase price is about $160 million. The deal is expected to close in the fourth quarter of this year.
4 min read · 19 November 2019
Ascensus said Aug. 9 that it acquired Beneco. Financial terms weren’t announced. Alpine Investors was the seller. Beneco, of Scottsdale, Arizona, provides recordkeeping, third-party administration, and benefit plan consulting services.
2 min read · 19 November 2019
CIT Group Inc said Aug. 13 that it agreed to buy Mutual of Omaha Bank for $1 billion. The deal will be comprised mainly of cash and up to $150 million of CIT common stock. Mutual of Omaha, founded in 1909, insurance and financial products for individuals, businesses and groups throughout the United States.
7 min read · 19 November 2019
Brookfield Business Partners is buying Genworth Financial’s majority stake in Genworth MI Canada Inc. (Genworth Canada). The purchase price is C$2.4 billion ($1.8 billion). Genworth Canada is the largest private sector residential mortgage insurer in Canada.
7 min read · 19 November 2019
Crescent Capital BDC Inc, a business development company, has agreed to acquire Alcentra Capital, which provides customized debt and equity financing solutions to middle-market companies. The total price of the deal is about $141.9 million. The transaction is expected to close in the fourth quarter of this year. BofA Merrill Lynch served as financial adviser to Crescent BDC. while Houlihan Lokey did likewise for Alcentra Capital.
9 min read · 19 November 2019
Granite Creek Capital Partners has invested $15 million in New York-based Morrow Sodali, a provider of provider of strategic advisory and shareholder services to corporate clients around the world. The capital will be used for growth initiatives.
3 min read · 19 November 2019
Nuvei said Aug. 14 that it closed its buy of SafeCharge International Group Ltd for $889 million. SafeCharge, of the U.K., is a payments company. Nuvei is backed by Novacap and Caisse de dépôt et placement du Québec. The deal was announced in May.
3 min read · 19 November 2019
Mercer Global Advisors Inc, a portfolio company of Genstar Capital, said Aug. 14 that it acquired Regent Wealth Management Group Inc. Financial terms weren’t announced. Regent Wealth, of Woodbridge, Connecticut, is a wealth management RIA that serves about 110 high net worth households with assets under management of approximately $300 million.
3 min read · 19 November 2019
Credit Suisse's Asset Management's NEXT Investors has made an investment in New York-based Solve Advisors, a provider of pre-trade price transparency in fixed income markets. No financial terms were disclosed.
3 min read · 19 November 2019
Oakley Capital agreed to buy a majority of Seven Miles GmbH. Financial terms weren’t announced. Seven Miles, of Düsseldorf, Germany, provides physical and digital gift card.
2 min read · 19 November 2019
