Bank of Ireland Asset Management has been acquired by State Street Global Advisors
The Bank of Ireland Group announced the sale of Bank of Ireland Asset Management (BIAM) to State Street Global Advisors (SSgA) for a cash consideration of circa US$78 million subject to certain conditions. All conditions were satisfied and the sale was completed on 10 January 2011, including the transfer of key personnel.
The sale generated equity tier 1 capital of US$55m million for Bank of Ireland Group. The sale represents a significant milestone for the group in relation to the execution of its EU restructuring plan.
Oaklins' team in Ireland advised Bank of Ireland Group in relation to this transaction.
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SulAmérica and Rede D’Or São Luiz have announced a combination
SulAmérica (B3:SULA11), a leading insurance company in Brazil, has announced a combination with Rede D’Or São Luiz S.A. (B3:RDOR3), the largest Brazilian hospital network. The companies had a combined market value of approximately US$21 billion on 18 February 2022.Learn more
Jive Investments has acquired Mauá Capital
Jive Investments has acquired Mauá Capital.Learn more
DM Financial acquires Solutional Netherlands B.V.
DM Financial (formerly Doran + Minehane), the leading provider of specialist accounting services to the global alternative asset management industry, has acquired Netherlands-based Solutional, a reporting, assurance and consulting specialist for the financial sector.Learn more