Close Brothers Group has announced its agreement to sell its wealth management division, Close Brothers Asset Management (CBAM), to Oaktree Capital Management, L.P., in a deal valued at up to £200 million. The transaction is expected to be completed in early 2025, pending regulatory approval. Key Deal Highlights The transaction includes an upfront payment of […]
In a significant development in the technology consulting sector, Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO) has expanded its strategic partnership with Close Brothers, a leading UK merchant banking group. Announced last July, this collaboration is set to enhance the technology delivery and transformation for Close Brothers, emphasizing the creation of a digitally-enabled, modern, […]
Close Brothers has agreed to acquire Bluestone Motor Finance, a significant player in Ireland’s motor finance market, for an undisclosed price in an all-cash deal. With this move, Close Brothers aims to expand its footprint and grow in the Irish motor finance sector. The acquisition is in line with Close Brothers Motor Finance’s long-standing commitment […]