A cross-border team from Norton Rose Fulbright’s New York, Washington, DC, London and Toronto offices represented Carillon Tower Advisers, a unit of Raymond James Financial, in the acquisition of a 100-percent interest in Scout Investments Inc. from UMB Financial Corp. for US$172.5 million.

Scout Investments, UMB’s institutional investment management subsidiary, has US$27.3 billion in assets under management.

The transaction is expected to close by the end of 2017 and is subject to customary closing conditions.

The team, led by David Barrett, included Steven Howard, Neil Sparber, Alan Aronson, Michael Flamenbaum, Andrew Lom, Mark Miller, Douglas Danzig, Bill Stelwagon, Jarret Stephens, Sheldon Elefant, Sue Ross, Kathleen Scott, Rachael Browndorf, Rita Astoor, James Lacey, Yasaman Rahmani-Givi (New York), Neely Agin (Washington, DC), Michael Newell, Anna Bellingham (London) and Michael Bunn (Toronto).