Bank of America, JP Morgan: Advisory on Scotiabank’s 14.9% Stake Acquisition in KeyCorp for $2.8bn
Scotiabank is set to acquire a 14.9% stake in KeyCorp for approximately $2.8 billion, signaling a strategic expansion into the U.S. financial market. Priced at $17.17 per share, this transaction represents an 11% premium over the volume-weighted average price of the last 20 trading days. The investment will be executed
Lazard Exclusive: Introducing the New MD for Health-Care Investment Banking from Barclays
Lazard has successfully recruited Will Thompson as the new Managing Director for its Health-Care Investment Banking division, based in London. Thompson, a seasoned professional in the field, joins from Barclays where he led the European health-care investment banking team for nearly a decade. This move is part of
JP Morgan Exclusive: Advisory on LS Power’s $2.5bn Acquisition of Renewable Energy Business
JP Morgan played a pivotal role as the exclusive financial advisor in LS Power’s strategic acquisition of Algonquin Power & Utilities Corp.’s renewable energy business, a deal valued at up to $2.5 billion. This significant transaction includes 44 operational wind and solar facilities across the U.S. and Canada, with over 3,000 megawatts of generating capacity. […]
Centerview Partners Exclusive: Advisory on Pharmacosmos Therapeutics of G1 Therapeutics for $405m.
Centerview Partners has taken a pivotal role as the exclusive financial advisor in the acquisition of G1 Therapeutics by Pharmacosmos Group, a deal valued at approximately $405 million. This strategic move will significantly
RBC Capital Markets, Santander: Advisory on Equity Residential’s $964m Acquisition of Apartment Portfolio from Blackstone Real Estate
RBC Capital Markets, along with Santander and other financial advisors, played a pivotal role in facilitating Equity Residential’s acquisition of a $964 million apartment portfolio from Blackstone Real Estate. This strategic move involves 11 properties spread across Atlanta, Dallas/Ft. Worth, and Denver, totaling 3,572 units. Equity Residential aims to strengthen
KKR Exclusive: Plans $4 Billion Bid to Take Fuji Soft Private
KKR & Co. is poised to launch a $4 billion bid to privatize Fuji Soft Inc., according to insiders familiar with the plans. The proposed acquisition would value the software developer at about ¥600 billion. As of last Wednesday, Fuji
JP Morgan, Jefferies: Advisory on Bernhard Capital Partners’ $1.25bn Acquisition of New Mexico Gas Company
JP Morgan, acting as the exclusive financial advisor, has facilitated a significant transaction where Bernhard Capital Partners (BCP) will acquire New Mexico Gas Company (NMGC) from Emera Inc. for $1.252 billion. This deal includes the assumption of about $500 million in debt and is subject to standard closing adjustments. Emera, an international energy and
Houlihan Lokey Exclusive: Q2 2024 Revenue Jump 24% on M&A Resurge
Houlihan Lokey has reported a 24% increase in revenue for the second quarter of 2024, driven by a resurgence in mergers and acquisitions. The Los Angeles-based mid-market investment bank announced that its earnings reached $513 million for the three months ending June 30. This marks a significant recovery
Goldman Sachs, Moelis & Co: Advisory on Arctos’ €1.3bn Acquisition of Hayfin from BCI
Goldman Sachs and Moelis & Company have played pivotal roles as financial advisors in the management buyout of Hayfin Capital Management, facilitated by Arctos Partners. In this strategic move, Arctos will acquire the majority stake previously held by British Columbia Investment Management Corporation (BCI) in Hayfin. The financial details of the
UBS Exclusive: Iqbal Khan Takes on New Dual Role Including Co-Head of Global Wealth Management
UBS has announced a strategic move, positioning Iqbal Khan in Hong Kong to spearhead its Asian operations and co-lead its global wealth management. Khan’s relocation is pivotal, highlighting Asia’s critical role in UBS’s expansion strategy, especially in wealth management. He will divide his time
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