Companies from emerging markets continued to make an impact in the international arena on Tuesday, as Indian financial services firm Religare announced it would acquire a majority stake in Northgate Capital as part of a $1 billion plan to expand its global investment portfolio.

Shearman & Sterling M&A partner John Marzulli Jr., and asset management partners Nathan Greene and Don Lonczak in New York, led a team from the firm advising Northgate Capital on the deal. The firm was referred to the Danville, Calif.-based funds manager by its investment bankers at Credit Suisse.

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