Investec acquires boutique Capitalmind as investment bank tie-ups continue
The deal, the latest in a wave of consolidation in the investment bank sector over the past two months, brings together a team of 129 dealmakers
Investec's acquisition is another example of a large investment bank swooping on a smaller firm as consolidation is picking up in the sector amid a drought in deals
Bloomberg via Getty ImagesInvestec has doubled its stake in boutique Capitalmind as it bids to gain market share in M&A in the latest tie-up in investment banking.
The South Africa-headquartered bank now has a majority stake in Capitalmind, which will rebrand as Investec Capitalmind, upping it to 60%, it said in a statement.
The deal brings together a team of 129 dealmakers...
