FINTECH NEWS & ANALYSIS

Flexpoint Ford to buy UK wealth management firm AFH Financial Group

Flexpoint Ford has agreed to acquire UK-based AFH Financial Group, a financial planning-led wealth management firm.

Allstate to sell life insurance business to Blackstone for $2.8bn: Bloomberg

Blackstone has agreed to buy Allstate's life insurance business for $2.8 billion, reported Bloomberg.

Newlight invests in Upland

Newlight Partners LP is investing up to $200 million in Upland Capital Group, a specialty insurance business.

PE-backed Mercer Advisors buys Iowa wealth management firm

Mercer Global Advisors Inc, which is backed by Oak Hill Capital and Genstar Capital, has acquired Marrs Wealth Management Inc, a wealth management firm based in Ames, Iowa.

LSE to complete $27bn Refinitiv buyout this month: Reuters

The London Stock Exchange is closing its $27 billion acquisition of Refinitiv, a London, UK-based provider of financial markets data and infrastructure, on January 29, reported Reuters.

PE-backed Mercer Advisors acquires Hart Capital Management

Oak Hill Capital and Genstar Capital-backed Mercer Global Advisors, Inc has acquired Spokeane, Washington-based Hart Capital Management Inc, a wealth management firm.

Sixth Street agrees to buy Talcott Resolution Life Insurance from investor consortium

Talcott will continue to be led by chief executive officer and president Pete Sannizzaro.

PE-backed Mercer Advisors buys Pinnacle Wealth Solutions

Mercer Global Advisors Inc, which is backed by Oak Hill Capital and Genstar Capital, has acquired Pinnacle Wealth Solutions Inc, a wealth management firm located in Midlothian, Virginia.

Gryphon-backed RegEd adds-on businesses from National Regulatory Services

The acquisition strengthens RegEd's position in compliance management services for the financial services industry. 

ISC acquires California Contractors Insurance Service

Integrated Specialty Coverages, a portfolio company of Two Sigma's Sightware Capital, has acquired Sacramento, California-based California Contractors Insurance Service Inc, a licensed construction bond and insurance agency.

PE-backed Alliant buys One Source Risk Management Canada

Alliant Insurance Services has acquired One Source Risk Management Canada, a Calgary-based insurance brokerage business.

Spectrum Equity invests in Quantile

Spectrum Equity has secured a minority stake in London-based Quantile Technologies for $51 million.

GTCR and Reverence Capital-led investor group in talks to acquire Wells Fargo’s asset management...

A private equity consortium led by GTCR LLC and Reverence Capital Partners LP, is in talks to acquire Wells Fargo's asset management business, reported Reuters.

Madison Dearborn-backed NFP acquires EdgeHill

NFP, a portfolio company of Madison Dearborn Partners, has acquired EdgeHill Insurance Brokers, a Toronto-based property and casualty brokerage company.

TowerBrook and Further Global to buy ProSight

TowerBrook Capital Partners and Further Global have agreed to acquire ProSight Global Inc in a deal valued at about $586 million.

Sixth Street provides $500m to Convex

Convex, a specialty insurer, has secured $500 million in funding. The investor was Sixth Street.

AMP Capital and PSP Investments to exit Alpha Trains

Australia's AMP Capital and Canada's PSP Investments have agreed to sell their stakes in Alpha Trains, a European rolling stock leasing company.

Periscope Equity invests in Welfare & Pension Administrative Service

The company represents the firm's fifth platform investment out of its debut fund. 

TIG Advisors takes minority stake in Arkkan Capital

TIG Advisors has acquired a minority stake in Hong Kong-based Arkkan Capital, an alternative asset manager.

Oakhill, Genstar-backed Mercer Global acquires Rowland Carmichael Advisors

Tim Rowland and David Carmichael formed RCA in 1986.

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