Login or request a free trial

Macquarie buys Fox-Pitt Kelton

Macquarie Group overnight said it agreed to buy US investment bank Fox-Pitt Kelton Cochran Caronia Waller LLC for about US$130 million, along with assumed debt of US $17 million.Private equity firm JC Flowers is the vendor.Fox-Pitt is a niche equity underwriter and has a growing team of equity research analysts.Macquarie has made two other North American investments this year. In May it bought Tristone Capital, an energy and resources investment bank, in Canada. Last month it agreed to buy Lincoln National's asset-management business.

I'm a returning subscriber

Password reset
Login

Request a free trial

  • Emailing you the news at 7am.
  • Covering core lending and funding issues, strategy, payments, regulation, risk management, IT, marketing and more.
  • Original news and summaries of major stories from other media – ditch your newspaper subscriptions.
  • Focused on banking and finance, saving you the time spent wading through newspapers and other services.
  • With reporting from former editors and senior writers from the AFR and The Australian.
  • Configured for your phone, laptop and PC.
Free trial Banking Day