In addition to the new London office, the local hedge fund manager now has offices in Minneapolis; Austin, Texas; and Singapore.
Banking + Finance
Fredrikson & Byron, General Electric Capital Corporation, and the John T. Petters Foundation recently agreed to settle clawback lawsuits filed by bankruptcy trustee Doug Kelley.
The Fargo-based bank last year acquired Minneapolis-based Bell Mortgage, and it now plans to change its name to capitalize on the brand recognition of the Bell name in the Twin Cities market.
Round Lake-based Farley’s & Sathers Candy Company and Forest Park, Illinois-based Ferrara Pan Candy Company did not release many details—including where the combined company will be based—but said that the post-merger company will be headed by Ferrara Pan’s current CEO.
The company has agreed to buy Brazil-based food company Yoki Alimentos, S.A., for about $859 million, thus confirming rumors that surfaced earlier this year.
A senior vice president with the Federal Reserve Bank of Minneapolis told Minnesota Public Radio that the state’s banks are almost past the crisis period that began during the financial meltdown.
The acquisition of Certiport will help Bloomington-based Pearson VUE expand its product offerings and extend its geographic reach.
The filing is expected to help Ally Financial pay back the billions of dollars in bailouts that it received during the financial crisis.
In late 2010, Saint-Gobain bought an initial 50 percent stake in Sage; the French glass and building materials giant said that assuming full ownership will allow Sage to expand into international markets, develop new products, and complete construction of its new manufacturing facility in Faribault.
H.B. Fuller has agreed to sell its paints unit, which is based in Central America, to a Colombia-based company so that it can focus on its adhesives business.
The Microsoft co-founder's investment vehicles already own 10.8 percent of Ecolab, but the St. Paul-based company amended its stockholder rights plan to allow the entities to acquire up to one-fourth of the company's outstanding shares.
Financial terms of the deal, which was completed on Monday, were not disclosed.
Is NASCAR success a harbinger of corporate stock performance?
Minneapolis-based law firm Foley & Mansfield has acquired another Minneapolis-based firm-Skjold Parrington Business Attorneys; the deal does not include Skjold Parrington's foreclosure defense and insurance dispute practices.
A study commissioned by Ameriprise Financial found that Baby Boomers are providing financial assistance to their adult children and aging parents at the expense of their own retirement savings.
The funds will be used for intellectual property costs and to prepare for clinical trials that will bring the company one step closer to gaining regulatory approval for its first product-which was designed to reduce the risk of life-threatening, catheter-related infections in hemodialysis patients.
Inter Savings Bank was closed by regulators; its deposits and "essentially all" of its assets have been acquired by Missouri-based Great Southern Bank.
The acquisition includes the light construction and "hardscape" product assets of New York-based Stone Construction Equipment, Inc.