Macquarie Group completes acquisition of Tristone Capital Global

Posted on: Sat, 05 Sep 2009 05:04:00 EDT


Symbols: MQBKY
Sep 05, 2009 (Datamonitor via COMTEX) --
MQBKY | Quote | Chart | News | PowerRating -- Macquarie Group, a provider of banking, financial, advisory, investment and funds management services, has completed the acquisition of Tristone Capital Global.

With this acquisition, the business and employees of Tristone have been integrated into Macquarie and operate as part of Macquarie's global business. Tristone's acquisitions and divestitures group will operate under the name Macquarie Tristone.

George Gosbee, who founded Tristone in 2000, will remain as chairman of Macquarie Capital's northern hemisphere energy business, which includes energy-related operations in the Americas, UK and Europe.

The acquisition integrates Tristone's energy advisory and capital markets capabilities within Macquarie's global resources activities. The combined business, which comprises 210 corporate finance and technical professionals in 22 cities, is an integrated energy platform, offering advisory, capital markets, research and trading expertise.

Tony Ferguson, chairman of the global resources group at Macquarie Capital, said: "The fusion of Tristone's operations further establishes Macquarie's credentials as a leading global energy advisory firm with unrivaled international reach. The end result of this transaction is the creation of one of the largest resources-focused financial services providers globally, offering full service capabilities in key natural resources markets and energy hubs around the world."

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