Day: 3 October 2023

Citigroup to sell China Retail Wealth Unit to HSBC

Citigroup is in talks with HSBC regarding the potential sale of its retail wealth business in China. This move is part of Citigroup’s broader strategy to divest its consumer banking interests outside of its home territory. An official announcement about the sale could be made next month. If the deal goes through, it would involve […]

Carlyle Group Changes to Private Equity Business | Explained

Carlyle Group Inc. is making significant changes to its private equity business in the United States, shifting its focus away from consumer brands and towards core sectors like finance and technology. As part of this restructuring, the company is dismantling its team for consumer, media, and retail investments, resulting in the departure of four dealmakers. […]

Goldman Sachs Exclusive: What’s Actually Going On?

Goldman Sachs is experiencing a series of high-profile departures within its asset and wealth management division. One such departure is that of Chris Kojima, the global co-head of the client solutions group, who will leave the firm at the end of this year. Kojima, who has been with Goldman Sachs for an impressive 28 years, […]

Brookfield Exclusive: Inside the Record $12bn Fund

Brookfield Asset Management, based in Canada, has successfully raised $12 billion for its largest-ever private equity fund. The company itself contributed $3.5 billion to the fund, while the remaining capital came from various investors such as sovereign wealth funds, pension plans, and family

BNP Paribas to Track Employee Attendance in London

London-based staff of BNP Paribas will be electronically tracked to ensure they meet the targets for the number of days they are required to be in the office. The bank has issued a memo to its workers regarding this measure, which allows the bank to “more accurately track space needs on a team-by-team basis” while […]

Birkenstock Targets $10 Billion Valuation in Move towards Wall Street

Birkenstock, a well-known German footwear brand with the backing of private-equity firm L Catterton, is preparing for its eagerly awaited initial public offering (IPO) in the United States. In its IPO, Birkenstock and its stockholder plan to sell at least 32 million shares. These shares are expected to be priced between $44 and $49, with […]

Bain Capital and Cinven Tap Major Banks for Stada’s Potential Sale

Private equity firms Bain Capital and Cinven have enlisted a group of banks to assist in considering various options for German drugmaker Stada Arzneimittel AG, including a potential sale of the company, according to individuals familiar with the matter. The sources spoke on the condition of anonymity in order to protect confidential information. The transaction […]

JP Morgan Exclusive: New $35m Investment for Growth Equity Fund

Loop, a start-up offering audit and payment systems to logistics companies, has raised $35m in funding from JP Morgan Growth Equity Partners and Index Ventures. The Chicago-based start-up plans to use the funding to expand beyond ground shipping and invest in research and development. Loop’s founders, Matt McKinney and Shaosu Liu, started the business in […]