Hong Leong Financial Group Bhd (HLFG) has obtained Finance Ministry and the Securities Commission (SC) approvals for its proposed acquisition of certain assets and liabilities of Southern Investment Bank Bhd and the entire equity interest in SBB Securities Sdn Bhd.
The development moves it closer to having an investment bank in its stable of companies, thus [...]
A year ago, private equity executives were Wall Street’s new masters of the universe, riding an era of easy money to unparalleled success by pulling off record-setting buyouts and pulling down monstrous paydays.
The industry became so synonymous with making money that buyout giant Blackstone Group, a specialist in taking companies private, itself went public in [...]
Brewin Dolphin is the only UK investment management firm to have its investment banking division headquarters outside London. Francesca Craggs speaks to Graeme Summers, who heads the Newcastle-based operation.
THINK investment banking and the City of London or Wall Street probably springs to mind. Not many people may know the North East can boast its very [...]
US alternative asset manager Angelo, Gordon has decided to buck the trend by listing a special purpose acquisition company while others were waiting for equity market conditions to improve.
The hedge fund, real estate and private equity manager, which has $15bn (€9.6bn) of assets under management, has set out to raise $300m for the Spac, the [...]
The Bush administration, pledging a “strong and continued commitment” to safeguarding national security, issued 90 pages of regulations Monday to implement a new law tightening security reviews of foreign investments.
Congress passed the law last year after an uproar in 2006 over a plan by Dubai-owned DP World to manage six of the largest ports in [...]
Once again, the heavens are open and it is raining IPOs in Kenya. Little is understood about IPOs in Kenya except that they “make money” and that share allocations are handed out in measly doses by mean investment banks.
Even much less understood is the concept of investment banks which most of us cannot differentiate from [...]
(Adds DIC buys Singapore’s True Group in paragraph four)
DUBAI, March 30 (Reuters) - Dubai International Capital
(DIC) and private-equity firm Bridgepoint plan to bid jointly
for healthcare group Euromedic International for about 700
million pounds ($1.4 billion), the London Times said on Sunday.
DIC, an investment agency owned by the ruler of [...]
DUBAI (Reuters) - Dubai International Capital (DIC) and private-equity firm Bridgepoint plan to bid jointly for healthcare group Euromedic International for about 700 million pounds ($1.4 billion), the London Times said on Sunday.
DIC, an investment agency owned by the ruler of Dubai, and Bridgepoint hired UBS AG (UBSN.VX: Quote, Profile, Research) [...]
(Recasts, adds EFG Eurobank, Abertis, ICI India, Clear
Channel, Teekay Tankers, Illinois, Boeing)
March 28 (Reuters) - The following bids, mergers,
acquisitions and disposals involving European, U.S. and Asian
companies were reported by 0900 GMT on Friday.
(For Reuters columns on deals, click on [DEALTALK/])
** Radio broadcaster Clear Channel Communications Inc
(CCU.N: [...]
NEW YORK (AP) — JPMorgan Chase %26amp; Co. is offering bonuses to the top brokers at Bear Stearns Cos. to get them to stay with the company after it is acquired, JPMorgan said Tuesday.The packages, which would go into effect when JPMorgan’s buyout is completed, are aimed at keeping Bear Stearns’ best-performing brokers from leaving [...]
