VTB Group has acquired 5 per cent of the ordinary shares in the St Petersburg Stock Exchange from NP RTS, the exchange’s main shareholder.
Deals & Transactions
Société Générale Securities Services (SGSS) in Italy has been mandated as depositary bank by Ambienta SGR for its Private Equity funds.
Major sovereign wealth funds (SWFs) in Asia are seeking more co-investments in the low-interest-rate environment, amid a general trend towards greater insourcing.
Broadstone Group, one of the UK’s leading employee benefits and pensions consulting businesses, has acquired Midlands-based Quattro Pensions to support its growth in the occupational pension schemes market.
Ameriprise Financial, Inc has signed a definitive agreement with BMO Financial Group (BMO) to acquire its EMEA asset management business for GBP615 million, or approximately USD845 million. The all-cash transaction adds USD124 billion of AUM in Europe and is currently expected to close in the fourth quarter of 2021, subject to regulatory approvals in the relevant jurisdictions.
Delta Capita, a global provider of managed services, technology solutions and consulting has acquired International Compliance Partners (ICP).
Activa Capital has sold its majority stake in Alliance Etiquettes, a French specialist in premium label printing, in an MBO organised by Chequers Capital. Activa Capital will reinvest in the new operation.
SteelEye, the UK-based compliance technology and data analytics firm, has announced plans to bolster its footprint by expanding into North America.
Xponance and Investcorp to launch strategic partnership in support of diverse and woman-owned managers
Xponance, a USD12 billion multi-strategy investment firm, and Investcorp, a USD35 billion leading global provider and manager of alternative investment products, have entered into a strategic partnership to collaborate on General Partnership (GP) staking and seeding interests in diverse and woman-owned alternative asset managers. This venture will build on the strengths of both Investcorp’s extensive alternatives expertise and Xponance’s long-lived and pioneering efforts in the seeding and funding of strategies offered by diverse and woman-owned managers.
SimCorp, a provider of integrated, front-to-back, multi-asset investment management solutions and services to the world’s largest buy-side institutions, has acquired five new global clients for its holistic Data as a Service offering, SimCorp Datacare.