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Financial M&A image Financial M&A » By The Online Investor Staff, updated Tue., Jun. 22, 6:57 PM Recent mergers and acquisitions in the Financial M&A category.

Slide #32. RCS Capital Corporation Cetera Financial Group

Acquirer: RCS Capital Corporation (RCAP)
Acquiree: Cetera Financial Group
Details: RCS Capital Corporation ("RCAP") (NYSE: RCAP), announced today that it has closed its previously announced acquisition of the Cetera Financial Group ("Cetera"), a leading independent broker-dealer headquartered in El Segundo, CA, from affiliates of Lightyear Capital for $1.15 billion in cash.

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.

Open the RCAP Page at The Online Investor »

Company Name: 
RCS Capital Corp
Website: 
www.rcscapital.com
Sector: 
Investment Brokerages
 

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Strong Buy (4.00 out of 4)
100th percentile
(ranked higher than approx. 100% of all stocks covered)
Based on Zacks ABR data;
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