Reuters – Swiss private bank EFG International (EFGN.S: Quote, Profile, Research) has acquired 100 percent ofthe share capital of hedge fund manager Capital Management Advisors from its founders, the bank said on Monday.
No price was given for the deal but EFG said approximately 50 percent of the transaction consideration is paid initially, with the remaining to be paid over a five-year period. The transaction is expected to close on Monday, EFG said.
