2016 In Perspective: Despite Many Mergers & Acquisitions, Valuations Languished
2016 was an active year with 23 research-related mergers and acquisitions of note. However, it was a buyer’s market as many firms looked to exit their research businesses. ITG, S&P ...
Nomura Completes Its Dump of US Research on Instinet
Nomura completed the transfer of its U.S. equity research and research sales operations to Instinet, according to a press release. Despite being ‘integrated’ into Instinet, the former Nomura research offering ...
Mirabaud Rumored to Exit Equities
Sources in London indicate that Mirabaud Group is considering shutting down its equities markets business including its 27-person research team as it decides to focus on its core wealth management ...
ESG Research Firm Didas Research Wound Down
ESG research firm Didas Research is being dissolved, according to a notice in the UK’s company registrar, Companies House. As we reported in April, the head of Didas Research, Andy ...
Sterne Agee CRT Shuttered After Spinning Off Fixed Income Unit
Sterne Agee CRT is being shut down about one year after buying Sterne Agee’s equity business, according to an article in the Wall Street Journal. Private-equity firm Aquiline Capital Partners LLC ...
Boutique Athlos Research Quietly Folds Into Consumer Edge Research
Athlos Research, an independent fundamental investment research boutique covering the North American food & beverage industry, has merged with consumer sector specialist Consumer Edge Research as the Athlos founder has ...
Boutique Broker Dealer Topeka Capital Markets Said to Close Firm
Topeka Capital Markets, a NY-based research boutique with around forty employees, is reportedly closing its firm, according to an unconfirmed report on the Bloomberg terminal. The Bloomberg article said it obtained ...
Roubini Global Economics Sold And Merged With 4CAST
A London family office acquired the core subscription business of Roubini Global Economics (RGE) and will merge it with real-time economics firm 4CAST. Terms of the acquisition were not announced. ...
ITG Dumps Its Research In Fire-Sale to Leucadia
Agency broker ITG is completing its exit of the research business by selling ITG Research to the parent of Jefferies Group, Leucadia National Corp, for the bargain price of $12 ...
Aviate Global Avoids MiFID II Unbundling By Selling To Northern Trust
Aviate Global, a UK-based institutional equity brokerage, was acquired by Northern Trust in a well-timed exit in advance of new regulation unbundling research and trading. Although Northern Trust will continue ...