Fairfield Greenwich Group merger with Banque Benedict Hentsch

US hedge fund Fairfield Greenwich Group has merged with Swiss private bank Banque Benedict Hentsch, bringing their managed assets to US$18 billion (£10.2 billion).

Other Done Deals

  • OpenJaw Technologies, a global payments group, has announced that it has acquired Galway-based Traventec, a travel technology services company, for an undisclosed sum
  • The US government has taken over mortgage companies Fannie May and Freddie Mac. The government will assume responsibility for debts worth about £2.7 trillion and almost half of all American mortgages
  • Atlantis Resources Corporation, a developer of tidal energy turbines, has announced the acquisition of Current Resources, tidal energy project developer, from Morgan Stanley for an undisclosed sum
  • Ferrovial, a Spanish infrastructure group, has agreed to sell Belfast City Airport to ABN Amro Global Infrastructure Fund for £132.5 million
  • Dutch electronics group Philips, has expanded its healthcare business in emerging markets by buying Indian-based Alpha X-Ray Technologies
  • Sofinnova Partners has led a £7.35 million second round of funding for mydeco, an online intermediary for the home design market
  • Profita Group has acquired a majority stake in Haggblom-companies, a manufacturer of earth-moving machine parts
  • Primaca Group has bought Metso Foundaries Karlstad, a manufacturer of large, hand-moulded iron castings for €15 million (£12 million)
  • Yokogawa has merged the activities of its two main Dutch companies, Yokogawa Nederland and Yokogawa System Centre Europe, under the new name of Yokogawa Europe Solutions
  • Office and payroll applications provider Safe Computing has acquired ledgers specialist Topaz Computing Services
  • Speymill Macau, an AIM-listed property investment company, has acquired AIA Tower for $76.9 million (£43.5 million)

Deals in the Pipeline

  • Furnishings chain MFI is looking at a possible merger with Homeform, the owner of rival kitchens brand Moben
  • Britain’s biggest building society, Nationwide, has confirmed it is in discussions to acquires two of its smaller rivals, the Derbyshire and the Cheshire building societies
  • Cambridge Technology Enterprises has announced that it is to buy US-based Protege Software Services
  • Italian oil group Eni has agreed to buy Canadian-based First Calgary Petroleums in a deal worth $872 million (£492 million)
  • Manitou has agreed to acquire US construction equipment maker Gehl for $331 million (£186.6 million)
  • China Eastern Airlines has admitted a merger with Shanghai Airlines is a distinct possibility

Marc Barber

Marc Barber

Marc was editor of GrowthBusiness from 2006 to 2010. He specialised in writing about entrepreneurs, private equity and venture capital, mid-market M&A, small caps and high-growth businesses.

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