Acting as an independent financial adviser to the special committees of the boards of directors of each of the parties was Sandler O'Neill + Partners LP, which worked with them to establish the relative ownership of each party's shareholders in
HSBI. FIG Partners provided a fairness opinion and Nelson Mullins Riley and Scarborough LLP served as legal counsel to CCF.
(7)
HSBI was the Himpunan Seni Budaya Islam (Association of Islamic Art and Culture), ISBM was the Ikatan Seni Budaya Muhammadiyah (Muhammadiyah Network for Art and Culture), and Laksmi was the Lembaga Seniman Muslim Indonesia (Institute of Indonesian Muslim Artists--aligned with the Partai Sarekat Islam Indonesia).
has acquired Toronto, Canada-based health insurance agency
HSBI Benefits Inc, the company said.