Financial services

Fiera Capital to buy Integrated Asset Management

Fiera Capital Corp said March 22 that it agreed to buy Integrated Asset Management Corp. The equity value of the deal is $74 million. Integrated, of Canada, is an alternative asset manager.

Alvarium Investments buys Iskander

Alvarium Investments, formerly LJ Partnership, said March 21 that it acquired Iskander. Financial terms weren’t announced. Iskander, of France, is an asset manager dedicated to large private investors. Separately, Alvarium is part of Queensgate Investments, which this week acquired four Grange Hotels in Central London in a deal valued at around 1 billion pounds.

JMP Group sells 50.1 pct of JMP Credit Advisors to Medalist Partners

JMP Group LLC said March 20 that it sold 50.1 percent of JMP Credit Advisors LLC to Medalist Partners LP and 4.9 percent to management employees. JMP Group will retain 45 percent. JMPCA was renamed Medalist Partners Corporate Finance LLC. Based out of Atlanta, Medalist Partners is an RIA that manages three CLOs with $1.2 billion in combined assets.

Acuris, backed by BC Partners and GIC, acquires research firm Blackpeak

BC Partners and GIC-backed Acuris acquired Blackpeak, an investigative research firm with a focus on capital markets, mergers and acquisitions and private equity. Blackpeak was co-founded by Jack Clode and Chris Leahy in 2011.

Cresset Asset buys Evanston Advisors

Cresset Asset Management said March 19 that it acquired Evanston Advisors. Financial terms weren’t announced. Evanston is an RIA with more than $500 million in client assets under management.

Janney Montgomery Scott to buy FIG Partners

Janney Montgomery Scott LLC said March 19 that it agreed to buy FIG Partners LLC. Financial terms weren’t announced. FIG, of Atlanta, is an investment banking and research firm.

Goldman Sachs Asset Management to buy S&P investment advisory services

Goldman Sachs Asset Management said March 18 that it agreed to buy Standard & Poor's investment advisory services from S&P Global Market Intelligence, a division of S&P Global. Financial terms weren’t announced. SPIAS provides non-discretionary investment advice across institutional sub-advisory and intermediary distribution channels. It advised on more than $33 billion in assets across multi-asset, equity and fixed income strategies as of December 31, 2018.

Beekman Group invests in Convenient Payments

Beekman Group said March 18 that it recapitalized Convenient Payments LLC, providing growth capital to the company. Financial terms weren’t announced. Convenient provides software-based payment solutions for customers in the government, education, and medical sectors.

Thomas H. Lee family office invests in AGL Credit Management

Peter Gleysteen announced March 18 the launch of AGL Credit Management LP, a private credit investment firm. The Abu Dhabi Investment Authority and a large US state pension fund have committed to invest $650 million equity in AGL. Thomas H. Lee, the private equity pioneer, is serving as non-executive chairman of AGL, while Lee's family office has invested in AGL. Gleysteen is the founder of CIFC Asset Management and former chief credit officer of JP Morgan Chase.

PE-backed THG buys Marsh-Kemp Insurance Agency

The Hilb Group LLC, a portfolio company of Abry Partners, has acquired Massachusetts-based Marsh-Kemp Insurance Agency, a provider of personal and business insurance. No financial terms were disclosed.