Author: Adelaine Nelson

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

Societe Generale Exclusive: 75% Stake Acquisition in Reed Management for €250m

Societe Generale has taken a major step in sustainable finance by acquiring a 75% stake in Reed Management SAS for €250 million. Reed Management, an alternative asset

Rathbones, Investec: City Office Move Expected to Reach £177m

Rathbones and Investec Wealth & Investment have recently completed their move to a new office on Gresham Street, marking a significant step in their merger process. This relocation from Finsbury Circus is part of a broader strategy to streamline operations and reduce risks associated with the merger, which is projected to incur costs of £177 […]

Nomura Exclusive: Q2 2024 Estimates Beat as Net Income Triples from 2023

Nomura Holdings Inc. has reported a substantial increase in net income, which tripled to ¥68.9 billion ($446 million) for the quarter ending June 30, 2024, surpassing analyst expectations. The average forecast had been ¥56.6 billion, but a robust rally in Japan’s stock market significantly boosted the firm’s wealth management and trading revenues. Under the guidance […]

Rothschild & Co Exclusive: Advisory on Snam’s €560m Acquisition of Edison Stoccaggio

Rothschild & Co orchestrated a pivotal deal where Edison sold its gas storage arm, Edison Stoccaggio, to Snam for approximately €560 million. This strategic divestiture is part of Edison’s broader initiative to pivot towards renewable energy and reduce carbon emissions. Snam, a leader in Italy’s

Morgan Stanley: Introducing the New Deputy Head of European Dealmaking

Morgan Stanley has appointed Martin Grebner as the new Deputy Head of Investment Banking for Europe, the Middle East, and Africa. This announcement follows the upcoming relocation of David Kitterick to New York, where he will co-head the global biopharma sector alongside London-based Cailin McGurk. Kitterick’s move is part of

Apollo Global Management: Acquisition of Evri from Advent International | Deal Explained

Apollo Global Management has announced its acquisition of Evri, a leading UK parcel delivery company, from Advent International. The deal, set to close in the third quarter of 2024, marks a significant expansion for Apollo into the burgeoning e-commerce logistics market. Evri, known for its extensive

Morgan Stanley, Goldman Sachs: Advisory on Informa’s £1.2bn Acquisition of Ascential

Morgan Stanley and Goldman Sachs have taken center stage as the financial advisors in Informa PLC’s strategic acquisition of Ascential PLC for £1.2 billion. This move marks a significant consolidation in the business information sector, positioning Informa as a powerhouse in global business intelligence. Under the terms of the

BlackRock Exclusive: The Q2 2024 Results Highlights

BlackRock has disclosed its financial outcomes for the second quarter and the first half of 2024, ending June 30, with a reported diluted earnings per share (EPS) of $9.99, adjusted to $10.36. The firm recently announced its strategic acquisition of Preqin, a move poised to enhance its private market capabilities by integrating investments, technology, and […]

Citi, Centerview Partners: Advisory on Bosch $8.1bn Acquisition off HVAC Solutions Business

Citi and Centerview Partners have played pivotal roles as financial advisors in Bosch’s strategic acquisition of Johnson Controls and Hitachi’s residential and light commercial HVAC business, a deal valued at $8.1 billion. This transaction, the largest in Bosch’s history, is set to nearly double its HVAC market sales revenue to approximately 9 billion euros. Bosch […]