FINTECH NEWS & ANALYSIS

BMO buys Clearpool Group

Toronto-based BMO Financial Group has acquired New York-based Clearpool Group Inc, a provider of electronic trading solutions.

KKR to invest up to $500m in Kilter Finance

KKR has agreed to invest up to $500 million in London-based Kilter Finance, a specialty finance company.

Aksia buys TorreyCove

Aksia LLC has closed its previously announced acquisition of TorreyCove Capital Partners LLC, an advisor focused on private equity and real assets.

Charlesbank completes WIA investment

Charlesbank Capital Partners has closed its previously announced majority investment in Tinton Falls, New Jersey-based World Insurance Associates LLC, an insurance brokerage.

Kudu backs Creation Investments Capital Management

Kudu Investment Management has made an investment in Creation Investments Capital Management LLC, a private equity firm specializing in impact investments.

SMBC to invest $384m in Ares

Sumitomo Mitsui Banking Corporation will invest $384 million in Ares Management Corporation, an alternative investment manager.

Genstar invests $100m to form Obsidian Insurance Holdings alongside industry executives

Obsidian will be led by William Jewett, chief executive officer, who most recently worked as president of Bermuda-based Endurance Specialty. 

TA Associates exits Evanston Capital

TA Associates has exited an investment in hedge fund investor Evanston Capital.

PE-backed Navacord buys Benemax Financial Group

Navacord, a portfolio company of Madison Dearborn Partners, has acquired Richmond Hill, Ontario-based Benemax Financial Group, a benefits management company.

THL-led group completes buyout of AmeriLife

An investor group led by Thomas H. Lee Partners has closed its previously announced acquisition via a recapitalization of insurance distributor AmeriLife.

ISC buys Access Partners Insurance Services

Integrated Specialty Coverages, which is backed by Two Sigma's Sightway Capital, has acquired Sacramento-based Access Partners Insurance Services LLC, a multi-line wholesale broker.

J.C. Flowers-backed Jefferson Capital buys Canaccede

Jefferson Capital, which is backed by J.C. Flowers, has acquired Canaccede Financial Group, a Canadian debt buyer.

Chipper snags funding from BlueKey

BlueKey Equity Partners has made an investment in Chipper, a student debt startup.

EMC backs Conanicut

Evolution Managers Capital is backing Boston-based Conanicut Capital LLC, a new private equity firm that invests in lower-middle market business services companies.

PE-backed Hub buys LSM

Hub International, a portfolio company of Hellman & Friedman and Altas Partners, has acquired LSM Insurance Services.

Charlesbank to invest in WIA

Charlesbank Capital Partners has agreed to make a majority investment in Tinton Halls, New Jersey-based World Insurance Associates, an insurance brokerage.

Navacord acquires Brookstone Insurance Group

Navacord, backed by Madison Dearborn Partners, has acquired Oakville, Ontario-based Brookstone Insurance Group, a boutique brokerage.

Regions Bank to buy Ascentium Capital from Warburg Pincus

Regions Bank has agreed to acquire Ascentium Capital LLC from Warburg Pincus.

Equistone Partners Europe-backed Small World Financial acquires MoneyGlobe

This is Small World's first add-on since being acquired by Equistone in November 2018.

Thomas H. Lee Partners weighs selling HighTower Advisors: Reuters

Thomas H. Lee Partners is considering selling wealth management firm HighTower Advisors, Reuters reported.

NEWS BRIEFS - FINTECH

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