Hints and tips:
...DD notes one potential alternative for NBIM comes from the public stock markets....
...Christoph Weber, general manager of engineering software company AutoForm, has worked with Xiaomi’s car unit in Shanghai and said Lei appeared poised to repeat his success in starting with a high-quality...
...Raisin has appointed former UBS chair and Bundesbank president Axel Weber to its advisory board....
...DD subscribers get a special discount....
...Frank Slootman has stepped down as chief executive of software giant Snowflake, a move announced alongside weaker than forecast earnings....
...DD hopes for all involved that no bank attempts to margin call Mike Ashley again anytime soon....
...“Most deals are being cleared despite the negative attitude of some regulators,” said Frank Aquila, senior M&A partner at Sullivan & Cromwell....
...(DD notes that the billionaire is incorrect on at least one fact — KKR is a minority shareholder.) Axel Springer looks like a classic private equity windfall....
...Frank Wei is stepping down as head of Warburg Pincus’s China business after more than two decades....
...Qatalyst Group, the boutique investment bank founded by Silicon Valley banking legend Frank Quattrone, has hired Adam Meister as a managing director in San Francisco....
...Citigroup has hired Julia Frank as a managing director in loans and leveraged finance, based in Frankfurt. She joins from Credit Suisse....
...DD’s Robert Smith explains how the deal ended up costing them hundreds of millions of pounds....
...Find the full agenda and a special offer for DD subscribers here....
...One of them is the bank’s $175mn deal with student financial aid start-up Frank, which, as DD detailed yesterday, swiftly backfired after an internal investigation by JPMorgan uncovered what authorities...
...High-octane Verbier remains as requested as ever, but you’ll be looking at a handful of resale apartments or chalets, according to Alex Koch de Gooreynd, head of Knight Frank’s Swiss desk....
...“They’re obviously trying to scare everyone and send a message,” one former due diligence professional told DD’s Kaye Wiggins....
...Singapore is one of the early battlegrounds, DD’s Kaye Wiggins and the FT’s Mercedes Ruehl report....
...Frank hired the boutique in 2021 to run a sale process and soon won the attention of Dimon....
...But Frank Holding Jr., the bank’s chief executive and third-generation scion of the family business, has committed to the challenge....
...Kelleher had grown frustrated with Hamers, who had cut his teeth at Dutch lender ING before former chair Axel Weber named him chief executive....
...As a result, the transaction is likely to head to a full probe later this year, several people familiar with the EU’s thinking told DD....
...“The environment for M&A transactions continues to be very challenging,” Frank Aquila, Sullivan & Cromwell senior M&A partner, told DD’s Ivan Levingston, James Fontanella-Khan and Ortenca Aliaj....
...“No longer is the large deal just the provenance of the banks,” Kipp deVeer, head of credit at Ares, told DD’s Eric Platt....
...Apollo’s chief Marc Rowan told DD that he’s searching for deals....
...Trian’s co-heads of research, Josh Frank and Matt Peltz, the son of co-founder Nelson Peltz, will become co-CIOs. EY has promoted 966 new partners....
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