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Close Brothers is to acquire the invoice financing loan book of GMAC Commercial Finance for a net value of up to £4m, with the transfer of 23 staff. 06-Jan-2010 Close Brothers is to sell its Close Growth Capital private equity division to management. 04-Aug-2009 Close Brothers is to sell its London-based financial advisory business to Daiwa Securities of Japan for £67m, with the transfer of 200 staff. 19-May-2009 Close Brothers has acquired Commercial Acceptances Group for £31m and Amber Credit for £2m, in order to expand its banking subsidiary. 28-Mar-2008 Close Brothers is to set up a new subsidiary in London to offer small and medium-sized German companies to UK investors, employing a small sales and trading team. 10-Dec-2007 Close Brothers, the investment bank, has received a £1.1bn takeover offer from Cenkos Securities. 08-Nov-2007 Close Brothers is to acquire Seydler, the German market maker and broker, for £17m. 23-Mar-2005 Close Brothers has acquired the commercial asset finance operations of Cattles for £70m. 17-Jan-2005 Close Brothers is looking to invest £100m of its new private equity fund in Scottish companies, in order to benefit from 3i's decision to scale back its Glasgow-based operation. 14-Apr-2004 Close Brothers Private Equity has acquired a 45% stake in V Ships, the ship management company with 40 offices around the world. 31-Mar-2003 Close Brothers is to expand its investment banking operations in the US by forming strategic alliances with Harris Williams and Chanin Capital Partners. 04-Nov-2002 Close Brothers Corporate Finance is being tasked to find a buyer for Enron Teesside Operations, the 465-acre site at Wilton that provides utility and support services to bulk chemical manufacturers. 06-Aug-2002 Bank of Scotland and Close Brothers are to support plans from Start Operations to develop a £20m chain of six innovation centres based on the St John's Innovation Centre in Cambridge. 25-Mar-2002 Close Brothers is expected to be appointed as adviser for the sale of the McMullen & Sons chain of 150 pubs, which is expected to raise about £200m. 25-Feb-2002 Close Brothers Private Equity and International Flavours & Fragrances have acquired the Bush Boake Allen site in Widnes, which produces fragrances and agricultural chemicals, securing the future of 80 jobs. 19-Dec-2001 Close Brothers is to provide £5m of funding to A-Z Restaurants for the development of eight new restaurants over the next two years. 24-May-2001 Close Brothers is acquiring 80% of Olim, the fund management company, for £10m, and has also announced plans to buy Braemar Finance. 01-Nov-2000 Close Brothers, the merchant bank, has received a preliminary takeover approach from BNP Paribas of France. 06-Oct-2000 Close Brothers is planning to expand its corporate finance business in continental Europe, and is also seeking opportunities for its Winterflood Securities share trading division. 29-Sep-1999 Close Brothers is set to acquire Warrior Group, the provider of financial services to the armed forces, for about £21m. 18-Sep-1999 Close Brothers is acquiring Rea Brothers Group, the private banking concern, for £47m, which will take it into offshore banking and trust management for the first time. 22-Jul-1999 Close Brothers is to launch a private banking service aimed at investors with portfolios as small as £25,000, in its first major move into the mainstream fund management market. 07-Jun-1999 Close Brothers is acquiring the continental European operations of the US securities house Hambrecht & Quist, as H&Q has decided to concentrate its European business in London. 05-Feb-1999 Close Brothers has acquired a majority stake in Freyberg Hambros, the German corporate finance house, in order to set itself up as a leading adviser to medium-sized companies in Germany and Austria. 03-Nov-1998 Close Brothers plans to double the size of its corporate finance operation, and is also looking to grow in asset management possibly by acquisition. 05-Mar-1996
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