Investec Takes Majority Stake in M&A Boutique Capitalmind
- Company raises stake to 60% after buying 30% in 2021
- Deals for advisers are on the increase amid M&A slump
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Investec Bank Plc has bought a majority stake in European adviser Capitalmind Group, the latest deal for a boutique firm amid the worst mergers and acquisitions slump in a decade.
The subsidiary of Investec, whose shares are listed in both London and Johannesburg, will increase its stake in Capitalmind to about 60% after having acquired 30% about two years ago, according to a statement Wednesday. Financial terms of the deal weren’t disclosed.