Investec Bank has bought a majority stake in European adviser Capitalmind Group, the latest deal for a boutique firm amid the worst mergers and acquisitions slump in a decade. The subsidiary of Investec, whose shares are listed in both London and Johannesburg, will increase its stake in Capitalmind to about 60% after having acquired 30% about two years ago, according to a statement Wednesday. Financial terms of the deal weren’t disclosed.
