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Abstract
(Marketwire - May 28, 2009) - Macquarie Group ("Macquarie") (ASX:MQG) today announced it has entered into an agreement to acquire Tristone Capital Global Inc. ("Tristone"). The acquisition will substantially enhance Macquarie's energy offering by integrating Tristone's energy advisory and capital markets capabilities within Macquarie's global resources activities. This acquisition will create an integrated energy platform, offering advisory, capital markets, research and trading expertise.
George Gosbee, Chairman, President and CEO of Tristone said: "Partnering with Macquarie represents an outstanding opportunity for both Tristone and its staff. Joining a larger, yet like-minded financial institution such as Macquarie is the logical evolution of our business. This transaction is especially attractive in light of the additional opportunities and resources it will offer our clients and our staff. Macquarie's global breadth and expertise in resources will offer our existing clients access to its record of success and innovation."
Following a transition period, Tristone will be fully integrated into Macquarie, with its acquisitions and divestitures division to be branded "Macquarie Tristone"(1). Under Macquarie ownership, the majority of Tristone's employees will remain in their existing locations and will be joined by other locally based Macquarie staff. Macquarie Capital's Northern Hemisphere energy business will be headed by Dan Cristall, and will be chaired by George Gosbee.