Cowen Group completes purchase of Concept Capital Markets
Cowen Group has announced its completion of the acquisition of Concept Capital Markets. Whilst the financial terms of the deal were not disclosed, Cowen Group expects the acquisition to be a boost to earnings in 2015.&nbsp;
NEW YORK--(BUSINESS WIRE)--Cowen Group, Inc. (NASDAQ:COWN) (“Cowen” or the “Company”) today announced that it completed its previously announced acquisition of Concept Capital Markets, LLC (“Concept Capital”), a leading independent provider of prime brokerage services. Financial terms of transaction were not disclosed.

About Cowen Group, Inc.

Cowen Group, Inc. is a diversified financial services firm and, together with its consolidated subsidiaries, provides alternative asset management, investment banking, research, and sales and trading services through its two business segments: Ramius and its affiliates make up the Company’s alternative investment segment, while Cowen and Company and its affiliates make up the Company’s broker-dealer segment. Ramius provides alternative asset management solutions to a global client base and manages a significant portion of Cowen’s proprietary capital. Cowen and Company and its affiliates offer industry focused investment banking for growth-oriented companies, domain knowledge-driven research and a sales and trading platform for institutional investors. Founded in 1918, the firm is headquartered in New York and has offices worldwide.