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.
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