Investment management tech specialist Enfusion raises $150m at $1.5bn valuation
Enfusion, a provider of cloud-based investment management software, has secured a $150m minority investment from ICONIQ Growth. The funding values…
28 Dec 2020
Banking and payments November deals snapshot: PNC’s $11.6 billion bid for BBVA subsidiary leads deal activity
The value of the ten biggest banking and payments deals neared $30 billion in November, with regional US bank PNC’s mid-November bid for the US subsidiary of Spain's BBVA bank…
28 Dec 2020
Barings BDC concludes merger with MVC Capital
Barings BDC has completed its previously announced merger with New York-based MVC Capital creating a company with over $1.5bn of assets under management on a pro forma basis. The combined…
24 Dec 2020
Dyal Capital, Owl Rock to merge and go public via SPAC tie-up
Investment firms Owl Rock Capital Group and Dyal Capital Partners have agreed to combine and go public through Altimar Acquisition, a special purpose acquisition company (SPAC). Dubbed Blue Owl Capital,…
24 Dec 2020
Guardian Capital Group to buy BNY Mellon’s Canadian wealth unit
Toronto-based Guardian Capital Group has agreed to acquire BNY Mellon’s Canadian wealth management business, BNY Mellon Wealth Management, Advisory Services (WMAS). Guardian is purchasing the Toronto-based business from BNY Mellon…
17 Dec 2020
AnaCap to buy UK wealth management platform Novia Financial
Private equity firm AnaCap Financial Partners has agreed to purchase Novia Financial, which is Britain’s third-largest independent investment and wrap platform by AuM. Founded in 2008, Novia manages £8.15bn in…
16 Dec 2020
Wealth Enhancement Group to expand Wisconsin reach with hybrid RIA purchase
Wealth Enhancement Group has agreed to scoop up Wisconsin-based $320m hybrid RIA Financial Wealth Management. The latest purchase, whose financial terms were not revealed, will bring Wealth Enhancement Group’s client…
16 Dec 2020