BlackRock Exclusive: Huge Milestone of $10.6tn Assets Under Management Reached
BlackRock has reached a monumental milestone, managing assets worth $10.6 trillion, setting a new record for the firm. This achievement comes after the company attracted over $80 billion in new investments during the second quarter of 2024. On July 15, BlackRock reported
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
Blackstone: Introducing Ex-Citi Global Head of Investment Banking As New Head of Credit Unit
Blackstone has appointed Tyler Dickson, the former global head of investment banking at Citigroup, to lead a new division within its credit unit. Dickson, who dedicated over 30 years to Citigroup, will now manage Blackstone’s institutional client solutions team, focusing on credit and insurance services. His move follows a distinguished
Evercore, Citi: Advisory on Eli Lilly’s $3.2bn Acquisition of Morphic
Evercore, alongside Citi, has been enlisted as the financial advisor for Eli Lilly in its strategic acquisition of Morphic Holding, Inc., a deal poised to reshape treatment options for inflammatory bowel disease (IBD). Valued at approximately $3.2 billion, this acquisition will see Lilly purchasing all outstanding shares of Morphic for $57 each, a significant premium […]
Chanel Owner’s Son Sets Up Private Equity Shop With $110m
Chanel’s billionaire heir, David Wertheimer, has launched a private equity firm, 1686 Partners, with a strong focus on the luxury sector. Based in Luxembourg, the firm was established last year and has already raised over $110 million. David, aged 37, is the
Bank of America, Rothschild & Co: Advisory on £8bn Merger with Paramount Global and Skydance Media
Bank of America, alongside Rothschild & Co, played pivotal roles in the advisory of a transformative £8 billion merger between Skydance Media and Paramount Global, heralding a new era for the media giant now known as New Paramount. This strategic move involves two major steps: acquiring National Amusements, Inc. (NAI), which holds a controlling interest […]
Deutsche Bank: Introducing the New Co-Head of Asia TMT
Deutsche Bank has appointed Victor Jiang as the new co-head of its Technology, Media, and Telecommunications (TMT) division in Asia Pacific. This key hire is part of an extensive recruitment effort that has been ongoing for the past 18 months. Jiang is transitioning from China
Lunate: Abu Dhabi Investment Fund Tackles AI China-Focused Fund G42
Lunate, a new investment entity in Abu Dhabi, has recently taken control of G42’s China-focused fund. This strategic move places significant assets under the influence of a key member of the emirate’s royal family, according to insiders. Lunate is part of the
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