Financial services

Permira-backed Tilney and Smith & Williamson to merge

Permira-backed Tilney and Smith & Williamson have agreed to merge. The newly combined company will be renamed Tilney Smith & Williamson and serve as an wealth management and professional services company in the UK. The transaction is expected to complete in early 2020.

Blackstone to exit NCR

NCR Corp said Sept. 18 that it agreed to pay Blackstone $302 million for 237,673 shares of preferred stock the buyout shop owns. Blackstone is also converting 274,548 shares of preferred stock to approximately 9.16 million shares of NCR common stock. In connection with the conversion, NCR announced the sale of roughly 9.13 million shares in a secondary that includes the Blackstone stock. NCR said it will not receive any proceeds of the offering.

Lovell Minnick to buy Charles Taylor for 261 mln pounds

Lovell Minnick Partners has agreed to take Charles Taylor private, according to a statement. Lovell Minnick is offering 315 pence for each Charles Taylor share, or 261 million pounds ($326 million). The offer represents a 34 percent premium to Charles Taylor’s closing share price on Wednesday. Charles Taylor, of the U.K., is an insurance services firm.

Rockefeller Capital to buy Financial Clarity

Rockefeller Capital Management has agreed to acquire Financial Clarity Inc, a multi-family office based in Mountain View, California. No financial terms were disclosed. Also, Stan Young, who founded Financial Clarity in 1992, will join Rockefeller as managing director and senior client adviser.

Rockefeller Capital to buy Financial Clarity

Rockefeller Capital Management has agreed to acquire Financial Clarity Inc, a multi-family office based in Mountain View, California. No financial terms were disclosed. Also, Stan Young, who founded Financial Clarity in 1992, will join Rockefeller as managing director and senior client adviser.

Blackstone to scoop up Promontory Interfinancial

Simplee, healthcare payments startup, seeks buyer

Oak Hill Capital to invest in Mercer Advisors

Genstar Capital and Lovell Minnick Partners are selling a stake in Mercer Advisors to Oak Hill Capital via a recap. Financial terms weren’t announced. Genstar remains an investor. Mercer, of Denver, is an independent wealth manager in the U.S., serving clients with a focus on the mass affluent and high net-worth markets.

Mastercard, Visa invest in Plaid

Mastercard and Visa have made strategic investments in Plaid, said Zach Perret, Plaid’s co-founder and CEO, in a blog post. Financial terms weren’t announced.

Bluefin Payment is on the block