Deals and Transactions

The IFG Trust and Corporate Group has concluded its acquisition of Moore Group following receipt of regulatory approval from the Jersey Financial Services Commission (JFSC). »

Parametric Portfolio Associates, a subsidiary of Eaton Vance, has completed its previously announced acquisition of The Clifton Group Investment Management Company. »

Independent financial advisory and investment banking firm Duff & Phelps is to be acquired by a consortium comprising controlled affiliates of or funds managed by The Carlyle Group, Stone Point Capital, Pictet & Cie and Edmond de Rothschild Group for USD15.55 per share in cash in a transaction valued at approximately USD665.5m. »

Evercore Wealth Management has completed the acquisition of Mt Eden Investment Advisors, LLC, a San Francisco-based wealth management firm, under the terms of the agreement announced on 7 November, 2012. »

Aviva has agreed to sell Aviva USA Corporation, its US life and annuities business and related asset management operations, to Athene Holding for USD1.8bn (GBP1.1bn).  »

Aston Hill Financial has completed its purchase of Citadel Securities, a provider of investment advice and services to private and institutional investors. »

Southport Lane Management, a private equity fund manager based in New York, has agreed to invest USD20m to support the continued expansion of the Capital Guardian wealth management business. »

Schroders plc subsidiary Schroder US Holdings Inc to acquire 100 per cent of the share capital of STW Fixed Income Management LLC (STW), a value-orientated, US investment-grade fixed income manager.   »

Sun Life Financial is selling its domestic US annuity business along with certain life insurance businesses to Delaware Life Holdings, a company owned by shareholders of Guggenheim Partners, for a base purchase price of USD1.35bn.   »

GCS Capital is to acquire Dexia Asset Management (DAM) from Brussels-based banking group Dexia SA, having begun exclusive negotiations on the deal on 4 December. »