PineBridge Benson Elliot to acquire Sigma Capital Group for £188m.

PineBridge Benson Elliot, a private equity firm, agreed to acquire Sigma Capital Group, a private equity investor, for £188m. "We are delighted that our independent directors intend to recommend this offer from PineBridge Benson Elliot, having reviewed a number of options from other parties. We know the team well and believe that our complementary skills, experience and sector knowledge, as well as PineBridge Benson Elliot's capital backing, will make a powerful combination, and enable Sigma to expand its activities significantly," Graham Barnet, Sigma Founder and CEO.