Buyout firms swoop to buy hedge fund’s stake in Co-operative Bank
J.C. Flowers & Co. LLC and Bain Capital Credit are in advanced talks to acquire the roughly 10% shareholding in the embattled lender held by BlueMountain Capital Management, a US-based hedge fund. The private equity group which led the demutualisation of one of Britain’s biggest building societies is close to buying a stake in the […]
Greece’s NBG agrees to sell insurance subsidiary to CVC Capital
National Bank (NBG), one of Greece’s four largest lenders, has agreed to sell its insurance unit to private equity group CVC Capital, two banking sources close to the process said on Friday. “There is agreement to sell a 90% stake in National Insurance to CVC Capital,” one of the bankers told Reuters, declining to be […]
J.P. Morgan Private Bank Closes Global Impact Fund with Investable Capital of More Than $150 Million
J.P. Morgan Private Bank announced the final closing of its Global Impact Fund (the “Fund”), with total investable capital of more than $150 million. The Fund, which began investing in December 2020, has already committed to four underlying impact venture, growth and buyout managers, in addition to executing two co-investments. The Global Impact Fund targets […]
HSBC in talks to sell French retail banking to Cerberus
HSBC has entered final negotiations to sell its French retail banking business to private equity firm Cerberus, a source familiar with the matter said on Wednesday. The planned disposal is part of HSBC Chief Executive Noel Quinn’s strategy to slash costs across the banking group and Reuters previously reported that Cerberus was among two remaining […]
Deutsche Bank Rides SPAC Boom to Make League Table Comeback
The craze for blank-check listings is helping Deutsche Bank AG make a comeback in the IPO world. Deutsche Bank, which cut back its equities team in 2019, has risen in the league tables over the past few quarters and now ranks 10th globally among advisers on initial public offerings. Special purpose acquisition companies are a […]
Linley & Simpson and Lomond Capital have Lloyds’ backing for merger ambition
The private equity division of Lloyds Banking Group is backing the combination of two residential lettings companies to form a new national group with ambitions to grow. The merger brings together Linley & Simpson, which is focused on Yorkshire and already backed by Lloyds’ LDC division, with Lomond Capital, which owns a series of letting and estate […]
