JP Morgan, Goldman Sachs: Advisory on Supreme Acquisition for $1.5bn by EssilorLuxottica

JP Morgan and Latham and Watkins have taken the helm as exclusive financial and legal advisors for EssilorLuxottica in its strategic acquisition of the streetwear brand Supreme® from VF Corporation, valued at $1.5 billion in cash. The deal, slated to close by the end of 2024, positions Supreme® within EssilorLuxottica’s prestigious portfolio, which includes renowned […]

Allianz Exclusive: 51% Stake Acquisition in Income Insurance for $1.6bn

Allianz SE has announced a strategic move to acquire a 51% stake in Singapore’s Income Insurance through its subsidiary, Allianz Europe B.V. The deal, valued at approximately SGD 2.2 billion (around EUR 1.5 billion), is set to propel Allianz to the fourth largest composite insurer in Asia, significantly up from its current ninth position. This […]

Ares Management: Behind the New York Manhattan Office Expansion

Ares Management Corp. has expanded its Manhattan office space, securing the top eight floors at 245 Park Avenue, a prime location near Grand Central Terminal. This move increases their footprint by three floors, accommodating around 1,150 employees, up from 698 as of late May. A spokesperson for Ares highlighted

KKR Exclusive: Completed Acquisition of Park 8Ninety from Artis REIT for $234m

KKR has finalized the purchase of Park 8Ninety, a premier 12-building industrial logistics park in Houston, from Artis Real Estate Investment Trust for about $234 million. This acquisition marks a significant expansion of KKR’s logistics properties, enhancing its portfolio with approximately 1.8 million square feet of high-quality industrial space. Situated on 127 acres, Park

Deutsche Bank AG: Asia Financial Sponsor Financing Head Leaves

Deutsche Bank AG has announced the departure of Rahul Chawla, the head of financial sponsor financing for Asia, who is leaving to pursue personal interests. Chawla, who was stationed in Singapore, had assumed his recent role just last year. Previously, he co-headed the investment

Citigroup Exclusive: New Head of Banking Awarded $40M in Stock Options

Citigroup has recently granted Viswas Raghavan, the new head of banking, stock options worth $40 million. This move comes as Raghavan, previously a top executive at JPMorgan, takes on a crucial role aimed at revitalizing key business segments within Citigroup. He joined the company in

CVC Secondary Partners: €1.4 Billion Continuation Fund Raised for Normec in Partnership with Astorg

CVC Secondary Partners, in collaboration with Astorg, has successfully raised a €1.4 billion continuation fund for Normec. This significant financial milestone was achieved with substantial backing from Pantheon, Lexington Partners, and Eurazeo, alongside a diverse group of investors including sovereign wealth funds, pension funds, asset managers, and family offices. The fund was specifically created