Category: Investment banking

Activity, Investment banking

Gordon Brothers Finance Agents $25MM Term Loan for Rivet

November 30, 2017

Via: ABF Journal

Australian transportation and logistics company Rivet obtained a financing package, including a term loan from Boston-based Gordon Brothers Finance Company and Gordon Brothers, which refinanced existing facilities and facilitated the ownership transfer and expansion of its business. Rivet CEO Mark […]

Activity, Capital and risk, Credit, Investment banking

Apollo Global, Midcap Finance Support SK Capital Acquisition

November 21, 2017

Via: ABF Journal

SK Capital, a private investment firm focused on the specialty materials, chemicals and pharmaceuticals sectors, completed its acquisition of Perrigo‚Äôs active pharmaceutical ingredients(API) and renamed it Wavelength Pharmaceuticals. Wavelength is a developer and manufacturer of generic APIs and finished dose […]

Activity, Investment banking

Riot Blockchain Announces Strategic Investment in Verady, a Blockchain Technology Company

November 16, 2017

Via: PR Newswire

CASTLE ROCK, Colo., Nov. 16, 2017 /PRNewswire/ — Riot Blockchain, Inc., (Nasdaq: RIOT) (the “Company”) today announced it has made a strategic investment in Verady, LLC (“Verady”). Verady combines blockchain technology and industry thought leadership to bring accounting standards and […]

Activity, Investment banking

US buyout fund Cerberus takes 3% stake in Deutsche Bank

November 15, 2017


U.S. buyout fund Cerberus has taken a 3 percent stake in Deutsche Bank, Germany’s flagship lender said on Wednesday. The investment makes Cerberus the fourth-largest shareholder after China’s HNA group, Qatar and money manager Blackrock . The move comes after […]

Activity, Investment banking

Wells Fargo Securities Names Hudson & Lesher Co-Heads Investment Banking Coverage

November 14, 2017

Via: ABF Journal

Wells Fargo Securities named John Hudson and Kristin Lesher the new co-heads of Investment Banking Coverage, effective immediately. Both will report to Walter Dolhare and Rob Engel, co-heads of Wells Fargo Securities. Hudson and Lesher are senior bankers within Wells […]

Activity, Investment banking, Trading

Why investors are shrugging off high valuations in stocks

November 14, 2017

Via: Market Watch

U.S. stocks are trading at valuations that are viewed as stretched by many metrics, with some measures reminiscent of the periods before major market collapses. In response, a number of analysts are saying, ‚ÄúSo what?‚ÄĚ Global stocks have rallied throughout […]

Activity, Investment banking

SEC takes aim at celebrity endorsements of investment products

November 2, 2017

Via: Finextra

Celebrities and others are using social media networks to encourage the public to purchase stocks and other investments. These endorsements may be unlawful if they do not disclose the nature, source, and amount of any compensation paid, directly or indirectly, […]

Activity, Investment banking

U.S. Bank Donates $11.2 Million in Community Possible Grants to Nonprofits Focused on Work; Introduces Loan Referral Program for Small Businesses

October 31, 2017

Via: Yahoo

U.S. Bank announces its second round of Community Possible grants, donating $11.2 million in Work grants to nonprofits across the country focused on workforce development, higher education, small business development and financial education. U.S. Bank‚Äôs Community Possible corporate giving and […]

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. […]