Financial M&A » By The Online Investor Staff, updated Sat., Apr. 17, 1:33 PM
Recent mergers and acquisitions in the Financial M&A category.
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Slide #30. RCS Capital Corporation — Cetera Financial Group
Acquirer:
RCS Capital Corporation (RCAP)
Acquiree:
Cetera Financial Group
Details:
Lightyear Capital LLC, a leading financial services private equity firm, today announced that it has completed the sale of Cetera Financial Group, a leading independent broker-dealer, to RCS Capital Corporation (NYSE:RCAP), an investment firm expressly focused on the retail investor, for a purchase price of $1.15 billion in cash. The transaction closed on April 29, 2014.
RCS Capital is a holding company. Co. operates through its subsidiaries in six segments: Independent Retail Advice, which provides independent retail advice, financial products and investment solutions; Wholesale Distribution, which provides financial products and investment solutions through its wholesale distribution; Investment Banking, Capital Markets and Transaction Management Services, which provides direct investment programs; Investment Management, which provides investment advisory and distribution to the Hatteras family; Investment Research, which provides due diligence on investment products; as well as Corporate and Other, which includes its crowdfunding investment platform.
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Avg. Broker Rec.
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Strong Buy (4.00 out of 4) 100th percentile
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