JP Morgan Shifts in Leadership: Fernando Rivas Replaced by Jay Horine
JP Morgan is making big changes to its investment banking division. An internal memo seen by industry insiders reports that Fernando Rivas, the current North America investment banking head, will retire in early 2024 after almost 30 years with the bank. JP Morgan is making additional moves in its investment banking business to expand its […]
Blackstone Exclusive: Aims to Raise Over $10 Billion in Private Loan Funds
Blackstone Inc., a leading investment firm, is embarking on a fundraising campaign to gather more than $10 billion across two private loan funds in Europe and the United States. These direct-lending funds, denominated in euros and dollars respectively, will target institutional investors over a fixed term. While Blackstone declined to comment on the matter, sources […]
Jefferies Expands Senior Deal Team with 20% Surge in Managing Directors
Jefferies, a leading US investment bank, is aggressively increasing its pool of senior dealmakers amidst widespread cutbacks by larger competitors. This marks a significant increase from the 299 managing directors the bank had at the beginning of the year and represents a 70% surge since the start of the Covid-19 pandemic in 2020. Jefferies has […]
Blackrock’s Larry Fink Exclusive: New Deals on the Way
BlackRock, the world’s largest asset manager, is considering new acquisitions as it aims to position itself as a comprehensive platform for investors. In a recent interview, BlackRock CEO Larry Fink expressed openness to inorganic growth opportunities, highlighting the potential for transformative acquisitions. Fink’s comments echo BlackRock’s strategy to expand its offerings beyond traditional
JP Morgan Maintains Leadership in Dealmaking Despite Banking Fees Plummeting by $13bn
In an ongoing period of limited dealmaking, banking fees have taken a significant hit, dropping by 21% compared to the previous year. According to data provider Dealogic, JPMorgan captured 8.6% of the global dealmaking fee pool in the first three quarters of 2023, up from 7.8% during the same period last year. Goldman Sachs, in […]
Liverpool FC Minority Stake Sold for up to $200 Million
Boston-based Fenway Sports Group has reached an agreement to sell a minority stake in Liverpool FC to private equity firm Dynasty Equity, headquartered in New York. It is reported that Dynasty Equity will invest between $100 million and $200 million in Liverpool FC. Established in 2022, Dynasty Equity focuses on acquiring minority interests in sports […]
UBS Exclusive: The Sale Plan for Credit Suisse China Unit
UBS Group AG has approached several financial firms to assess their interest in acquiring the Chinese brokerage venture of Credit Suisse, according to insiders. The firms, which include Warburg Pincus, Citadel Securities LLC, and local financial groups, have reportedly received bid invitations. The expectation is that bids will start at a minimum of 1 billion […]
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