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Category: Investment banking


Activity, Investment banking

American private equity firm makes $5.3bn offer for Nets

September 25, 2017

Via: Banking Technology

In response to media speculation, Nordic payments processor Nets has confirmed that it has received a DKK 33.1 billion ($5.3 billion) takeover offer. Evergood 5, a newly formed firm controlled by funds managed and advised by American private equity firm […]


Activity, Channels, Investment banking

State Street unveils Quantextual Idea Lab for investment research

September 22, 2017

Via: Banking Technology

State Street has launched its Quantextual Idea Lab, a hybrid of machine learning and human knowledge, for improved investment research. According to the firm, investment professionals are inundated with research reports from the sell side, the buy side and academia. […]


Activity, Investment banking

Northrop Grumman to buy missile maker Orbital for $7.8 billion, create new business sector

September 18, 2017

Via: CNBC

U.S. defense contractor Northrop Grumman said Monday it will buy missile and rocket maker Orbital ATK for about $7.8 billion in cash, with plans to establish a new, fourth business sector. Orbital has billion-dollar contracts with NASA and the U.S. […]


Activity, Insurance, Investment banking

Alleghany Corporation Announces Sale Of Pacific Compensation Insurance Company

September 13, 2017

Via: PR Newswire

NEW YORK, Sept. 13, 2017 /PRNewswire/ — Alleghany Corporation (NYSE: Y) today announced that its wholly-owned subsidiary Alleghany Insurance Holdings LLC, has signed a definitive agreement to sell Pacific Compensation Insurance Company (PacificComp), an underwriter of workers’ compensation insurance, primarily […]


Activity, Channels, Investment banking

FactSet wins contract with National Bank Investments

September 12, 2017

Via: Finextra

FactSet, a global provider of integrated financial information, analytical applications and industry-leading services, today announced that National Bank Investments Inc. (NBI) selected FactSet’s multi-asset class risk model, workstation, and analytics suite as its investment risk management and manager due diligence […]


Activity, Investment banking

Largest US pension fund CalPERS in talks with BlackRock to outsource buyout business, source says

September 8, 2017

Via: CNBC

The California Public Employees’ Retirement System (CalPERS) is in talks to outsource its private equity business to BlackRock, according to a person familiar with the matter. The largest U.S. pension fund’s discussions with BlackRock about managing some or all of […]


Activity, Investment banking

First Internet Bank forms alliance with Lendeavor

September 7, 2017

Via: Finextra

First Internet Bank, a pioneer in the branchless delivery of banking services, today announced a national strategic partnership with Lendeavor, Inc., a San Francisco-based technology-enabled lender to healthcare practices. The partnership comprises a loan-purchase agreement and an equity investment in […]


Activity, Investment banking

Billionaire Warren Buffett Now Owns 700,000,000 Shares of Bank of America

August 30, 2017

Via: TheStreet

Billionaire Warren Buffett’s Berkshire Hathaway ( BRK.A) ( BRK.B) on Tuesday exercised its right to acquire 700 million shares of Bank of America Corp ( BAC) , effectively becoming the bank’s top shareholder, Reuters reports. The purchase more than triples […]


Activity, Investment banking, Products, Retail banking

InComm to buy Serve platform, become exclusive Amex prepaid distributor

August 25, 2017

Via: Banking Technology

American Express and InComm have entered into an agreement for InComm to acquire the exclusive distribution rights of Amex’s prepaid reloadable and gift card products in the US, including Bluebird and Serve, reports Banking Technology‘s sister publication Paybefore. InComm also […]


Activity, Investment banking

Accenture acquires fintech consulting firm Verax

August 25, 2017

Via: Banking Technology

Accenture has acquired Verax Solutions, a Toronto-based technology and systems-integration consulting firm. Financial terms were not disclosed. Verax is a privately-owned company founded in 2003 that employs around 180 people at offices in Toronto and Halifax. Its service areas include […]