Cowen Expands Equity Research Team with Addition of George Mihalos

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Cowen Group (COWN) to Acquire Brokerage Service Provider Concept Capital

July 15, 2015 8:39 AM EDT

Cowen Group (NASDAQ: COWN) announced the signing of a definitive agreement under which Cowen will acquire Concept Capital, a leading independent provider of prime brokerage services. While financial terms of the deal were not disclosed, Cowen Group expects the acquisition to be accretive to earnings in 2015. The transaction was approved by the board of directors of both companies.

Concept Capitals strong presence among emerging hedge fund clients complements Cowens focus on providing best-in-class products and services to institutional clients, said Peter A. Cohen, Chairman and CEO of Cowen Group. Given the changing prime broker... More