Deals and Transactions

John McFarlane, chairman of Aviva

Aviva sells interest in Sri Lankan joint venture

Aviva has agreed to sell its controlling 58.44 per cent interest in Aviva NDB Holdings Lanka to American International Assurance Company, a subsidiary of AIA Group, for a consideration of GBP31m payable in cash. »


Leonhard Fischer, chief executive officer of Kleinwort Benson Group and RHJ International

Kleinwort Benson and Deutsche Bank agree deal for proposed acquisition of BHF-BANK

Kleinwort Benson Group (KBG), the wholly owned subsidiary of financial services group RHJ International (RHJI), has reached agreement with Deutsche Bank to acquire BHF-BANK, a German private bank. »


Handshake

Europlan joins Volaw to become Volaw Group

Volaw Trust & Corporate Services and Europlan Group have merged their businesses. »


Christopher D. Long, president of Palmer Square

Palmer Square signs investment deal with Geneva Arbitrage Fund

Palmer Square Capital Management, along with Montage Investments and Atlantic Asset Management, has agreed a partnership with Geneva Arbitrage Fund. »


Henry Kravis, co-founder, KKR

KKR’s Prisma Capital Partners acquisition on track to close in October

KKR has confirmed that all necessary consents and regulatory approvals to acquire Prisma Capital Partners have been obtained and that the closing is anticipated to occur in October 2012. »


Steven M. Graziano, president of Touchstone Investments

Touchstone Investments acquires certain fund assets of Fifth Third Asset Management

Touchstone Investments, a wholly owned subsidiary of Western & Southern Financial Group, has completed its acquisition of the assets of 16 mutual funds from Fifth Third Asset Management (FTAM). »


Split

Avalon Lake Partners spins-out from WTP Advisors

WTP Advisors’ Capital Markets division will separate from the company and become a standalone business effective immediately. The new business will be named Avalon Lake Partners and is relocating its headquarters to New York City. »


George R. Aylward, Virtus' president and chief executive officer

Virtus Investment Partners to acquire Rampart Investment Management

Virtus Investment Partners, which operates a multi-manager asset management business, is to acquire Rampart Investment Management, a registered investment adviser that specialises in customised options strategies for institutional and high-net-worth clients. »


Gas cylinder

Morgan Stanley Infrastructure Partners acquires full ownership of Southern Star

Morgan Stanley Infrastructure Partners (MSIP) has increased its ownership stake to 100 per cent of the common equity of Southern Star Central Corp, parent company of Southern Star Central Gas Pipeline. »


William (Packy) Jones, chairman and chief executive of JonesTrading

JonesTrading to acquire Conifer Securities

JonesTrading Institutional Services, which provides institutions with block trading in securities and derivative products, capital markets services, independent research and commission management, is to acquire Conifer Securities and manage the business as a wholly owned subsidiary. »


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