Private Equity
Cetera said April 9 that it agreed to buy select assets of Foresters Financial's U.S. broker dealer and advisory business. Financial terms weren’t announced. As part of the deal, Cetera will invite Foresters roughly 500 advisors to join them. Cetera also has the option to assume the leases of more than 40 branch office locations throughout the United States, as well as make offers to some employees of the brokerage and advisory business. Cetera is backed by Genstar Capital.
4 min read · 10 April 2019
Eurazeo has agreed to acquire a 25 percent minority stake in MCH Private Equity, an Iberian middle-market private equity fund manager. No financial terms were disclosed.
3 min read · 10 April 2019
YieldStreet said April 10 that it acquired Athena Art Finance Corp from Carlyle Group for about $170 million. Athena Art Finance provides art dealers, art galleries and collectors access to financing alternatives secured by fine art. Evercore served as financial adviser to YieldStreet, while Sandler O’Neill served as the exclusive financial adviser to Athena on the transaction.
4 min read · 10 April 2019
Deutsche Börse AG said April 9 that it agreed to buy Axioma for $850 million and plans to combine the company with its index business. General Atlantic is investing $715 million. Deutsche Borse will have 78 percent of company, while GA will have 19 percent and Axioma management will have three percent. Axioma provides portfolio and risk management software solutions. VC investors include Third Stream Partners, Goldman Sachs Group, NYCA Partners, and Salmon River Capital, PitchBook said.
6 min read · 09 April 2019
Macquarie Investment Management has agreed to acquire the assets related to the mutual fund management business of Toronto-based Foresters Investment Management Company Inc, the investment adviser of the First Investors funds. The agreement represents about $12.3 billion in assets under management. The transaction is expected to close in the fourth quarter of 2019.
3 min read · 09 April 2019
The Hilb Group LLC, a portfolio company of Abry Partners, has acquired Connecticut-based eBenefits, a employee benefits firm. No financial terms were disclosed.
1 min read · 09 April 2019
Financial services firms Catalyst Development and Sionic Advisors have merged. No financial terms were disclosed. Catalyst is backed by Livingbridge.
3 min read · 08 April 2019
3 min read · 08 April 2019
TimePayment, which is backed by Fortress Investment Group, has acquired LeaseQ, an online equipment financing marketplace. No financial terms were disclosed.
2 min read · 05 April 2019
2 min read · 04 April 2019
