Deals and Transactions

Sterling Financial’s principal operating subsidiary has completed the acquisition of the Seattle-area operations of Boston Private Bank & Trust Company effective 10 May 2013. »

GFI Group has agreed to acquire certain assets of Phoenix Partners Group, an independent inter-dealer broker operating mainly in the international credit and equity markets. »

OMERS Private Equity (OPE), the private equity investment arm of the OMERS pension plan, has completed the purchase of Civica from 3i and funds managed by 3i for an enterprise value of GBP390m. »

Backstop Solutions Group, a Software-as-a-Service provider to the alternative asset management industry, has acquired the PerTrac CMS product line, a customer relationship management tool built exclusively for the institutional investment community. »

Graham Stock (pictured), chief strategist at Insparo Asset Management comments on Bharti Airtel decision to sell a stake to Qatar investment group… »

Morningstar has acquired its remaining ownership interest in Morningstar Sweden from Stadsporten Citygate and two private investors. »

Citi Securities and Fund Services is to acquire ING’s custody and securities services business in seven Central and Eastern European (CEE) markets currently representing EUR110bn in assets under custody. »

EFG International has completed the sale of its remaining stake of 20.25 per cent in EFG Financial Products to Notenstein Private Bank, a subsidiary of Raiffeisen Switzerland, for CHF70.2m (1,350,000 shares at CHF52 per share). »

Partners Wealth Group, an Australian provider of business and financial advisory services, has acquired Guild Financial Planning, which provides financial and insurance advice to the healthcare market. »

FXCM, an online provider of foreign exchange trading and related services, is proposing to merge with and acquire Gain Capital. »