Trade Share Acquisitions-SION trading FZE

SION trading FZE is a leading investment management and brokerage company, has announced that it will acquire the shares of Bourse de Tunis (BdT) from its parent company, Société des bourses Tunisienne du Maroc (SBTM). This acquisition is part of SION’s strategy to expand into other African markets and reinforce its position as a global player in the financial services industry. The transaction values the shares at approximately $20 million. It is subject to customary closing conditions.

SION and BdT have entered into an agreement whereby SION will purchase all of the issued and outstanding shares of BdT, in exchange for cash consideration. The transaction is expected to be completed . “The acquisition of BdT marks a key step in our strategy to expand into new markets, including Africa, and to strengthen our presence in the MENA region,” said Max Warren Barber, CEO of SION.

SION Trading FZE  has signed an agreement with Société des bourses Tunisienne du Maroc (SBTM), the leading stock exchange in Morocco, to develop joint strategies in the fields of mutual funds, securities and investment banking. The agreement provides for the establishment of a joint venture company named “SION Trading FZE” to be owned equally by SBTM and SION Trading FZE.

The partnership will provide clients of both companies with access to financial markets and related services through the SION Trading FZE’s investment solutions. The joint venture will also create new products for SBTM clients, as well as for those of other stock exchanges and investment banks. The agreement is a first step in a strategic partnership that will enable SION Trading FZE to offer its clients access to the Moroccan market through SBTM, which has been operating since 1995 and is one of the largest stock exchanges in the Maghreb.

The joint venture will be based in Casablanca, Morocco, and will be headed by a board composed of representatives of both companies. Under the terms of the agreement, SION Trading FZE will acquire a 51% stake in the joint venture, with SBTM holding 49%. The agreement was signed today in Rabat, Morocco. The transaction, subject to certain closing conditions, is expected to be completed by the end of the third quarter of 2011.

Aurum Capital Partners and Sion Trading FZE announced the acquisition of the assets of the United States-based asset manager, Triton Investment Advisors (TIA), for approximately $150 million. The transaction represents an outstanding opportunity for Aurum Capital Partners and its affiliates to acquire a well-diversified investment portfolio management firm with strong relationships across the globe. TIA will continue to operate as a stand-alone business under the leadership of the current management team. The transaction values the assets at approximately $150 million, representing an implied enterprise value of $1.8 billion. The transaction will be financed through a combination of cash on hand and equity contributions from the partners. Upon completion, Aurum Capital Partners and its affiliates will own approximately 50% of TIA. The transaction is subject to customary closing conditions and regulatory approvals. Sion Trading FZE is a leading investment management company in the Middle East, Africa and Asia with a focus on emerging markets. Sion Trading FZE manages over $1.3 billion in assets for its clients.

“We are excited about this opportunity to become part of a world-class management firm with a highly-diversified global asset base and a strong team that has proven to be successful in the financial services industry,” said Paul W. Ainsworth, CEO of Aurum Capital Partners. “This transaction is consistent with our long-term strategy of acquiring well-managed businesses with strong growth potential that can contribute to our future success. We are confident that the combined business will be well-positioned to achieve strong performance in a highly competitive environment.The acquisition of Aurum brings together two firms with complementary businesses that have both grown rapidly in recent years and share similar cultures, values and management teams.The acquisition further enhances Aurum’s position as one of the leading private equity firms focused on the financial services sector.

Aurum Capital Partners is a private equity firm focused on the acquisition and management of high-quality businesses in the technology, financial services and healthcare sectors.  TIA is one of the largest independent life insurance companies in the Middle East and Africa. The company has operations in the GCC, MENA, India and Africa, with over 7,000 employees and over 30 offices across the region.