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This is one of the most notable talent moves from investmentbanking to private credit to date, highlighting the growing shift of senior debt market professionals into the private capital space. Based in London, Ashcroft steps into the role previously held by Jurij Puth, who leaves the firm after 18 years.
After a two-year slump, investmentbanking looks like it's entering the early stages of a recovery. Investmentbanks reported earnings growth of double-digit percentages in the first quarter, driven by strong initial public offering ( IPO ) markets and a pick-up in debt underwriting. It wasn't entirely by choice.
Wall Street banks including JPMorgan Chase & Co. and Bank of America Corp. are in talks to provide as much as $8 billion in financing for a buyout of DocuSign Inc. The amount of debt banks can provide is typically lower than direct lenders, so the preferred equity amount would stand to be higher should they win.
Investmentbanks have had a tough go of it over the past several years as deal activity dried up. In the first half of this year, investmentbanks saw earnings rebound thanks to receptive debt and equity markets. Here are three investmentbanks you can scoop up today to take advantage of this rebound.
Axial is excited to release our 2023 Lower Middle Market InvestmentBanking League Tables. To assemble this list, we reviewed the 2023 deal-making activities of 807 investmentbanks and advisory firms that met the qualifications to be considered for league tables.
WH Equity Partners, a US private equity firm focused on growth investments and buyouts in the small and mid-cap sectors, has been launched by Senior Managing Director and Chief Investment Officer Peter Weinbach and Senior Managing Director Grant Harshbarger.
Aquilo Partners , a life sciences-focused investmentbank with offices in San Francisco, Boston, and New York City, served as the financial advisor to DURECT Corporation. Senior debt financing for the transaction was provided by Byline Bank , with mezzanine debt from Brookside Capital Partners.
Protembis, an Aachen, Germany-based medical-technology company, received €20m in venture-debt financing. The European InvestmentBank (EIB) provided the financing.
The State of the Game The private credit arms race has taken the industry landscape by storm, with Ken Moelis citing the shift as the greatest change in the history of transactional finance. [1] 3] Consolidation Drivers What is driving the push towards consolidation and bank / private credit partnerships occurring in the market?
The Big Ten Conference is exploring private equity investment opportunities, signaling a shift in its approach to college sports financing. Investmentbank Evercore, retained by the conference, has received initial offers from private equity firms, though details remain undisclosed.
Blackstone-owned Indian home loans provider Aadhar Housing Finance is targeting a $600 million-650 million initial public offering (IPO) at a valuation of up to $3 billion, two people with direct knowledge said on Tuesday. “Blackstone wants to capitalise on these market conditions and sell a part of its stake.
“This important transaction would not have been possible without our long-time financing partner, Siguler Guff & Company, whose continued support of our growing portfolio is greatly valued,” said David Castle , managing partner at Branford Castle. Testek was advised on the sell-side by Kroll investmentbanking.
From software company to investmentbank? The plan, quite simply, is to transform MicroStrategy from an enterprise software company into an investmentbank. As Saylor notes: "The endgame is to be the leading Bitcoin bank, or merchant bank, or you could call it a Bitcoin finance company."
BDCs typically compete with banks and even venture capital or private equity funds depending on the deal structure. Leading BDCs such as Hercules Technology Growth Capital or Horizon Technology Finance tend to partner with the best start-ups in growth industries such as energy, life sciences, and technology. Data source: YCharts.
3 in the investmentbanking industry in fees, which increased 31%. For one thing, the dividend yields 3.2%, or more than many similar banks. Ally is also an all-digital bank, and it's the largest one in the U.S. In wealth management, it added 24,000 new relationships, and client balances increased 12% to $4.3
Cornerstone investors for LeapFrog’s latest fund include top-tier institutional limited partners such as Temasek, AIA, Prudential Financial, and development financial institutions, including the European InvestmentBank and the US International Development Finance Corporation.
The report cites unnamed sources familiar with the matter as revealing that the private equity firms have started consulting with investmentbanks in preparation for a potential sale process, expected to begin in early 2025.
On the other side of the fence, it seems at least one influential finance-sector company wants to enter the spot Bitcoin ETF game. Crypto news and analysis site Coindesk.com reported on Wednesday that traditional white-shoe investmentbank Morgan Stanley was conducting due diligence on offering its own.
For this reason, once the start-up reaches a maturity point generating consistent cash flow, it may seek out alternative financing options like debt. If you invest one-third of the proposed $100,000 investment, Hercules should provide more than $3,800 in annual dividend income at its current yield of 11.5%.
The company's share price fell by more than 7% on the back of some dispiriting news about financing. The EV company said this was due to its terminating of a distribution agreement of those shares with a pair of investmentbanks, JPMorgan Chase unit J.P. That decline was far steeper than the 0.1% Morgan Securities and Cowen.
PARTNER CONTENT F und finance is witnessing exponential grow th, b ut this comes with escalating operational requirements for sponsors and lenders as they scale these facilities. Keeping pace with growth The use of fund finance has grown exponentially in recent years, as demand for both subscription lines and NAV lending has ballooned.
Oak Hill Advisors (“OHA”) served as a Lead Arranger for the unitranche financing to fund Bain Capital Private Equity’s (“Bain Capital”) acquisition of Harrington Industrial Plastics (“Harrington”) from Nautic Partners.
Jefferies Financial Group (NYSE:JEF) , a prominent player in the investmentbanking industry and the capital markets, announced its fiscal 2025 first-quarter results on March 26. Overall, the quarter was challenging for Jefferies, but a rise in investmentbanking revenues provided some reason for optimism amidst market difficulties.
Recent investments under this strategy include a $400m capital injection into football helmet maker Riddell and an equity stake in GSE Worldwide, a sports talent and marketing agency. BC Partners has also entered a strategic financing alliance with investmentbank Piper Sandler to support banks and specialty finance companies.
Axial is excited to release our 2024 Lower Middle Market InvestmentBanking League Tables. To assemble this list, we reviewed the deal-making activities of 400+ investmentbanks and advisory firms that met the qualifications to be considered for league tables last year.
Discover the advantages of a relationship bank providing leverage on both fund and portfolio level, optimizing your investments for maximum returns. While large financial sponsors in European space tend to seek global investmentbankfinancing, local funds often turn to domestic banks.
The financing, which comprises £15.7m of loan notes into equity came from Thairm Bio and Kineticos Life Sciences, as well as the Scottish National InvestmentBank. Existing investors including Scottish Enterprise and many of the […] The post EnteroBiotix Closes £27M Financing Round appeared first on FinSMEs.
Global law firm White & Case is expanding its global debt finance practice and has appointed Lauren Winter, who has joined from Shearman & Sterling where she was Counsel, as a Partner in London. White & Case has dedicated bank lending, private credit & direct lending and borrower finance teams.
Axial is excited to release our Q3 2024 Lower Middle Market InvestmentBanking League Tables. To assemble this list, we reviewed the deal-making activities of 370 investmentbanks and advisory firms that met the qualifications to be considered for league tables last quarter.
Global law firm Hogan Lovells is adding a Corporate & Finance team based in Milan consisting of five Partners who will will be focus on M&A, private equity, capital markets, leveraged finance, and private credit in Italy and EMEA. Caruso has over 15 years experience in debt finance, and general corporate and commercial law.
Dechert has appointed Brian Whaley as a partner in its global finance group, enhancing the firms offerings in private credit finance, securitisation and structured and derivative products. He will be based in the firms New York office.
Axial is excited to release its Q3 2023 Lower Middle Market InvestmentBanking League Tables. These quarterly league tables reveal the top 25 investmentbanks active on the Axial platform in Q3. In Q3, 571 sell-side investmentbanks and M&A advisors brought a total of 2,360 deals to market.
was poised to become the largest such financing ever provided by private credit firms when first contemplated last year. The about-turn in the closely watched financing is the result of a tie-up between private equity firms KKR & Co. By the time JPMorgan and Goldman signed financing documents around 3 a.m.
Blackstone has appointed Tyler Dickson, formerly Global Head of InvestmentBanking and Vice Chair of Banking & International at Citi, in a newly-created role leading client relations at Blackstone Credit & Insurance (BXCI).
Indian impact investor Lok Capital has secured USD 25m from Asian Infrastructure InvestmentBank (AIIB) for its fourth private equity fund. Indian impact investor Lok Capital has secured USD 25m from Asian Infrastructure InvestmentBank (AIIB) for its fourth private equity fund. The target is USD 200m.
It's also investing heavily in capital projects (over $500 million through the third quarter). Plugging into a fresh source of capital Plug Power recently revealed that it entered into an agreement with investmentbank B. Riley Financial for an at-the-market (ATM) offering of up to $1 billion in equity.
A family office may offer financial planning, investment management, tax expertise, and charitable giving opportunities. These offices can be set up for a specific family and handle their finances exclusively, or cater to multiple high-net-worth families.
In an interview with CNBC, Bank of America analyst Vivek Arya pointed out that Nvidia is on track to maintain its impressive share of 80% to 85% of the AI chip market, suggesting that it could indeed receive a nice chunk of the $200 billion big tech capex. According to Yahoo Finance, Nvidia's ( PEG ratio ) sits around 1.1.
M&A Industry Report: Business Services Q3 2024 | www.focusbankers.com FOCUS InvestmentBanking is a trusted name in M&A advisory services with a nationwide footprint and a global reach. The post Industry Report: Business Services Q3 2024 [FOCUS InvestmentBanking] appeared first on Axial.
“Seth brings a tremendous amount of experience and expertise in the information services and business media industries—all of which are highly synergistic to our expanding services and technology investmentbanking teams,” said Effram Kaplan , the head of BGL’s services and infrastructure verticals.
Axial is excited to release its Q1 2023 Lower Middle Market InvestmentBanking League Tables. These league tables reveal the top 25 investmentbanks that were active on the Axial platform in Q1. In Q1, 740 sell-side investmentbanks and M&A advisors brought a total of 2,775 deals to market.
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