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Finance & Insurance

abrdn

abrdn to acquire Interactive Investor in GBP1.49bn deal

abrdn is to acquire 100 per cent of the ordinary share capital of the holding company of Interactive Investor (ii) from its shareholders, including majority shareholder JC Flowers IV LP (a fund advised by JC Flowers), for a total consideration of GBP1.49 billion, subject to a locked box adjustment and

PE-backed Mercer Advisors acquires Mirsky Financial Management Corporation

Mercer Global Advisors, a registered investment adviser (RIA) majority owned by private equity firms Oak Hill Capital and Genstar Capital, has acquired Mirsky Financial Management Corporation (MFMC), a wealth management firm located in Rochester, New York.  MFMC, which serves clients with assets under management (AUM) of approximately USD320 million, was

JTC completes acquisition of Ballybunion Capital

With all change of control and regulatory approvals now in place, JTC has completed the acquisition of Irish asset manager Ballybunion Capital Limited (Ballybunion), first announced in September 2021.

Pollen Street Capital invests EUR193 million in bunq series A funding round

The Dutch central bank has approved a EUR193 million funding round agreed between bunq and Pollen Street Capital, a British private equity firm.  The deal values the Amsterdam-based challenger bank at EUR1.6 billion and sets a new record for a series A investment in a European fintech company.    bunq

ClearCourse acquires Secure Collections

ClearCourse Partnership, a group of technology companies providing integrated software solutions, is to acquire Secure Collections, a Bacs-approved Direct Debit Bureau based in Newcastle upon Tyne.  Secure Collections will join the Group’s rapidly growing Payments division and will bolster its direct debit offering, ClearDebit. The financial terms of the deal

Arteria AI to acquire H4’s financial services business assets

Arteria AI, a specialist in enterprise digital documentation, is to acquire certain financial services assets of H4, an award-winning contract lifecycle management platform. As part of the agreement, H4’s Chairman and Co-founder Joe Seifert will join Arteria AI’s team as a senior advisor. Shelby Austin, CEO of Arteria AI, said:

Goalsetter secures USD15m in Series A funding

Goalsetter, a fintech platform dedicated to providing families and K-12 youth with access to banking, savings, investing, and financial education tools, has closed a USD15 million Series A round led by Seae Ventures.  Seae Ventures is joined by Fiserv, Mass Mutual, Sterling National Bank, Citizens Financial Group, Cuna Mutual Financial

Republic to acquire Seedrs in cUSD100m deal

Republic, a US-based private investment platform, is to acquire Seedrs, a European online private investment platform, in a deal that values Seedrs at approximately USD100 million.

PE-backed Mercer Advisors acquires Precipio Wealth Management

Mercer Global Advisors (Mercer Advisors), a national Registered Investment Adviser (RIA), has acquired Precipio Wealth Management (Precipio), a wealth management firm located in McLean, Virginia.  Precipio serves clients in 19 states with assets under management (AUM) of approximately USD250 million. Precipio was founded as a fee-only RIA in 2009 by

Peak Rock Capital affiliate invests in Delta Financial Group

An affiliate of middle-market private investment firm Peak Rock Capital (Peak Rock) has made a significant strategic growth investment in Dealt Financial Group, an equipment finance platform. The structured growth investment will empower Delta to execute an innovative, scalable, and institutional approach to the USD1.4 trillion equipment finance and leasing

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