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Category: Fintech and Finance

Palamon-backed FairConnect buys DriveQuant

Switzerland-based connected insurance service provider FairConnect, a portfolio company of Palamon Capital Partners, has acquired France-headquartered automotive insurance and data business DriveQuant.

China’s fintech sector is failing to secure VC funding

China is usually ranked among the world’s top hubs for fintech investment, alongside the US and UK

London’s top VCs pick the hottest fintech startups

We asked Balderton Capital, Passion Capital and more about their top picks

Three quarters of investment banks plan to keep employees home permanently

'While offices aren’t completely going away, banks will give greater flexibility to their teams as a way to improve employee retention and save money'

BoCom debuts new AT1 format in dollar market

Bank of Communications Co raised $2.8bn from a Basel III-compliant additional tier one (AT1) capital bond on Wednesday, introducing a new perpetual bond format for Chinese banks.

No sweat: banks exit long-held PureGym bridge in perfect market window

Market euphoria following news of Pfizer’s potential Covid vaccine created a perfect window for lead banks Barclays and Jefferies to sell out of a bridge loan for UK fitness chain PureGym, which they had held

GlobalCapital Asia awards 2020: Investment banks

In the final instalment of GlobalCapital Asia’s awards announcements, we reveal the best Asian investment bank and the best investment bank in the region for 2020, as well as the bank that stands out for

EM deals start to roll in with CEEMEA FIG duo

Emerging market issuers have started to make their way back into international debt markets after a brief pause due to the US elections. Dubai Islamic Bank and Uzbekistan’s Ipoteka Bank this week mandated banks to

FKS raises $255m loan from eight banks

Singapore-based FKS Food & Agriculture has closed a $255m-equivalent dual currency deal with eight lenders.

EQT sells Tia Technology to trade

EQT has agreed to sell Danish portfolio company Tia Technoloy to the listed software company Sapiens.

City firms reverse plans to return to work after latest lockdown

Banks in the City say that only critical staff are required to come into the office

Coherent scores $14m in its Series A round

Coherent, which helps insurers build digital-first services, has scored $14m in its Series A funding round.

German banks and debt funds split LBO market share in Q3 – survey

GCA Altium's Q3 Mid-Cap Monitor reveals that banks and debt funds backed an equal amount of LBOs in Q3 2020, alongside an increase in new financing deals compared with the first half of 2020.

Third Point Ventures leads $25m Ushur Series B

Ushur, a cloud-native automation platform for insurers, has closed its Series B round on $25m to support its sales and marketing efforts.

Hg exits Eucon to trade

Hg has sold German data management specialist Eucon Group to insurance company VHV Group.

Hg agrees sale of Eucon Group to German insurer VHV Group after five-year ownership

European software-focused private equity investor Hg has agreed the sale of Eucon Group to German insurer VHV Group.

Tramway Venture Partners banking on New Mexico attractiveness as it launches debut fundraise

New Mexico-based Tramway Venture Partners is out raising its debut fund, with a focus on biotech, medtech and healthtech deals.

JC Flowers, Pelican Ventures team up to buy reinsurer Ariel Re from Argo Group

Private equity pair Pelican Ventures and JC Flowers have agreed to pick up reinsurance franchise Ariel Re from Argo Group.  Ariel Re is a global underwriter of property and casualty reinsurance operating through Lloyd’s Syndicate 1910.

Sponsor-lender relationship faces stiff Covid-19 test

GPs' relationships with their existing banks and debt funds became crucial to navigating challenging liquidity situations and potential covenant breaches in Q2, and will be even more important in managing the ongoing consequences of the

Here’s what banks are telling London staff about the new lockdown

Goldman Sachs, Deutsche Bank and UBS are among banks sending memos to staff about new plans once the stricter London lockdown kicks in

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