MERGERS AND ACQUISITIONS
Piper Jaffray Companies, Minneapolis, has agreed to sell Fiduciary Asset Management (FAMCO), a division within its asset management business. Wiley Angell, FAMCO chief executive, will acquire the business in a transaction valued at $4 million. In 2012, Piper Jaffray moved the ownership of its FAMCO MLP product from FAMCO to its primary asset management subsidiary, Advisory Research. The remaining FAMCO business was no longer a strategic fit with the overall asset management business, Piper Jaffray said.
DEBT AND EQUITIES
Stream Global Services Inc., Eagan, has priced $30 million of 11.25 percent senior secured notes due 2014 at 102 percent plus accrued interest from Oct. 1, 2012.
![For business story on Lakefront Property. ] Cabin, Cottage, Lakes, Minnesota, Fishing, boating. (THESE PICS ARE NOT FOR RE-SALE.) BRIAN PETERSON • brianp@startribune.com Canyon, MN - 05/17/2013 ORG XMIT: MIN1305220935300778](https://arc.stimg.co/startribunemedia/G6FPNPJHQ26GX57ESE2F2XBKYY.jpg?&w=252&ar=3:2&fit=crop)