Research published by online investment platform, interactive investor, has found that in the last 15 years, survival rates of some investment trusts have been as low as 33 per cent.
ARX Equity Partners (ARX) has successfully completed the exit of its investment in Fincentrum, an independent financial advisory business operating in the Czech Republic and Slovakia respectively.
Intelliflo, a UK technology platform for financial advisers, has been acquired by Invesco. Intelliflo has been owned by HgCapital, a European private equity investor in B2B technology companies, since 2013.
Raiffeisen has decided to reorganise its investment clients segment and sell Notenstein La Roche Private Bank to Vontobel.
AnaCap Financial Partners (AnaCap), a specialist European financial services private equity firm, has sold First Names Group, a leading independent provider of trust, corporate, real estate and fund administration services worldwide.
Altitude Partners, the regional private equity firm, is raising of its second regional fund from high net worth investors and family offices, following a further successful exit from its maiden fund.
Sprott Asset Management (SAM) is to sell its Canadian diversified fund business to a management-led group, with John Wilson, CEO and co-CIO of SAM, and James Fox, president of SAM, to be co-managing partners of the new firm.
Sprott is to sell its Canadian diversified assets to a management group led by John Wilson, CEO of Sprott Asset Management (SAM), and James Fox, president of SAM, for approximately USD46 million.
Old Mutual has completed the sale of Old Mutual Wealth Italy to Phlavia Investimenti (previously ERGO Italia), owned by Cinven, the international private equity firm.
Investment funds affiliated with Lightyear Capital, a New York-based private equity firm focused on financial services investing, are to sell RidgeWorth Holdings, the holding company for multi-boutique asset manager RidgeWorth Capital Management, to Virtus Investment Partners for USD472 million.