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Foreside Acquires Capital Markets Compliance
January 26, 2021 GMT
PORTLAND, Maine (BUSINESS WIRE) Jan 26, 2021
Foreside Financial Group, LLC (“Foreside”), a provider of governance, risk management, and compliance service and technology offerings to clients in the global asset and wealth management industry, today announced that it plans to acquire Capital Markets Compliance (CMC), a leading compliance, consulting, and FINOP practice.
Rick Alvarez (Photo: Business Wire)
Founded in 1999 and based in Atlanta, CMC serves financial services firms that offer securities products through full-service brokerage operations, investment banking, and investment advisory services. With a comprehensive suite of services and technology solutions, Foreside will integrate CMC’s proprietary technology into its platforms. As part of the acquisition, CMC’s managing team of Karen Lopez Alvarez and
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Letters sent to reps ask for extensive information on why they applied for a loan, how funds were received and used, and all compensation under the federal program.
Buyout Firms Bet Smaller is Better With Covid Trimming Deals
Bloomberg 12/11/2020 Benjamin Robertson and Melissa Karsh
(Bloomberg) Private equity bosses have found a way to keep deals flowing during the economic crisis: going small.
With blockbuster buyout activity hit by the pandemic early in the year, the industry has turned to smaller acquisitions that are aimed at expanding their stable of companies. These purchases are another tool in the arsenal that private equity firms have to build their portfolio companies before selling for a profit.
Add-on transactions from firms including Cinven and HarbourVest Partners comprised 51% of global buyouts in the third quarter, a new high, according to data compiled by PitchBook. These transactions, where private equity-backed firms acquire businesses using their owner’s capital, are also on pace for a record year.