Buyout Barons Push M&A Loans to $70 Billion as Demand Surges

Wall Street buyout barons are rushing to the leveraged loan market to finance takeovers and dividends as they dial up risk-taking amid a brightening economic outlook. Loan launches that back mergers and leveraged buyouts spiked to $70 billion in the first quarter of 2021, the most since 2018 and a 60% jump from a year […]

Global M&A sets first-quarter record as dealmakers shape post-COVID world

Mergers and acquisitions (M&A) activity surged globally in the first quarter of 2021 to a year-to-date record, as companies and investment firms rushed to get ahead of changes in how people work, shop, trade and receive healthcare during the COVID-19 pandemic. While the number of deals was up only 6% from a year ago, the […]

Big ticket deals drive value of investment industry M&A

The worth of mergers and acquisitions throughout the funding business virtually tripled final 12 months, reaching its highest degree for the reason that international monetary disaster, as intense aggressive pressures spurred the most recent wave of consolidation exercise. Introduced M&A offers involving asset and wealth managers rose from $13.6bn in 2019 to $38.9bn final 12 […]

Nomura Dealmakers See ESG Focus Boosting M&A Transactions

Nomura Holdings Inc.’s dealmaking team expects more mergers as governments and investors put mounting pressure on companies to improve their standing on environmental, social and governance scores. “With various nations promoting ESG, the move toward business reorganization will likely gather momentum among relevant sectors,” Shinsuke Tsunoda, global head of mergers and acquisitions at Japan’s largest […]

Advent Set to Merge Payment Firms Into $3 Billion Company

Private equity firm Advent International is planning to merge portfolio companies Transaction Services Group and Clearent, which both provide payment services, according to people with knowledge of the matter. A deal could be announced as early as Thursday, the people said, asking not to be identified because the information is private. The combined company will […]

Mobile bank MoneyLion to go public via blank-check merger in $2.9 billion deal

Mobile banking platform MoneyLion Inc said on Friday it has agreed to go public through a merger with blank-check firm Fusion Acquisition Corp, in a deal that values the equity of the combined company at $2.9 billion. MoneyLion said it expects the combined company, which will have an enterprise value of $2.4 billion, to get […]

Ares Scraps $4.9 Billion Bid for Australia’s AMP

AMP Ltd. may be forced to sell its business in pieces after Ares Management Corp. scrapped a A$6.4 billion ($4.9 billion) bid for Australia’s oldest wealth manager, sending shares tumbling in the latest setback for long-suffering investors reeling from years of scandal. Ares told AMP that it doesn’t intend to proceed with its bid for […]

Sunlight Financial LLC to List on NYSE Through Apollo-Affiliated Spartan Acquisition Corp. II Merger

Institutional Investors Led By Chamath Palihapitiya, Coatue, Funds and Accounts Managed by BlackRock, Franklin Templeton and Neuberger Berman Commit to Invest $250 Million at Closing in Common Stock PIPE at $10.00 per Share Sunlight Financial LLC (“Sunlight”), a premier U.S. residential solar financing platform, and Spartan Acquisition Corp. II (NYSE: SPRQ) (“Spartan”), a publicly-traded special […]

Private Equity Partner Lilit Voskanyan Joins Gibson Dunn in San Francisco

Gibson, Dunn & Crutcher LLP is pleased to announce that Lilit Voskanyan has joined the firm as a partner and member of the Private Equity Practice Group.  Voskanyan, formerly a partner with Kirkland & Ellis LLP, will reside in the firm’s San Francisco office, where she will continue her private equity practice and support the […]

Shippeo secures USD32m investment from Battery Ventures and existing investors

Shippeo, a specialist in real-time transportation visibility (RTTV), has secured USD32 million in an investment round co-led by Battery Ventures, a global, technology focused investment firm and existing investors (NGP Capital, ETF Partners, Partech and Bpifrance Digital Venture). Shippeo will use the investment to strengthen its market-leading position and continue delivering on product innovation. The […]