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Category: Fintech and Finance

Clearlake Capital buys insurance SaaS specialist Zywave from Aurora Capital Partners

Clearlake Capital Group has agreed to buy front office insurance software-as-a-service business Zywave from Aurora Capital Partners.

Blackstone invests in $500m round for Ki

Blackstone has invested in a $500m funding round for software-driven insurance technology company Ki.

Blackstone, Fairfax invest $500m in Ki as digital insurance pioneer prepares to launch

Blackstone's opportunistic investment arm Tactical Opportunities has taken part in a $500m investment in Ki, a newly-formed digital business specialising in commercial insurance and reinsurance.

Stephens Promotes Two to Senior Associate

The Stephens Group has promoted Rob Dickinson and Jens Talbert to Senior Associate. “We are pleased to recognize Jens’ and Rob’s hard work and efforts with promotions,” said Witt Stephens, Chairman and CEO of The

Goldman Sachs names new investment banking bosses in Europe

The bank appoints Anthony Gutman and Gonzalo García as co-heads in newly-created position

Compass Hires Katie Melzer

Compass Diversified has hired Katie Melzer as a managing director and head of business development. Prior to joining Compass Diversified (CODI), Ms. Melzer spent more than 15 years at Robert W. Baird, most recently serving

Second buyout of the week for Novacap sees firm agree GroupAssur deal

Canadian private equity house Novacap has scored its second buyout of the week after agreeing to pick up a majority stake in insurance business GroupAssur.

Thomas H Lee Partners buys NexPhase Capital portfolio business Insurance Technologies

US private equity house Thomas H Lee Partners has bought NexPhase Capital portfolio business Insurance Technologies after six years in the latter's portfolio.

Banking is now ahead of other industries in promoting women

Citigroup’s appointment of Jane Fraser reflects efforts to elevate women across banking, though many say work still needs to be done to transform the industry

TPG backs S$2.7bn Aviva Singapore buyout, merger with Singapore Life

Private equity major TPG has taken part in a S$2.7bn ($2bn) buyout of insurance giant Aviva's Singapore business.

Novacap strikes debut deal from first financial services fund with Optiom buyout

Canadian private equity house Novacap has picked up a majority stake in Optiom, a specialty insurance managing general underwriter and provider of vehicle replacement coverage.

Banks try to keep juniors happy amid the pandemic with 15% ‘surprise’ bonus

While first-year analysts received an average bonus increase of 15% this year, those in their second year in the industry saw payments drop by around 6%

GlobalCapital Asia awards 2020: Equities

In the second part of GlobalCapital Asia’s awards announcements, we reveal the standout deals and banks in the equity capital market.

Guangzhou LGFV scores $500m in popular trade

Chinese local government financing vehicle (LGFV) Guangzhou Development District Financial Holdings Group Co attracted strong support for its $500m bond, driven largely by the syndicate banks running the deal.

Guangzhou LGFV scores $500m in popular trade

Chinese local government financing vehicle (LGFV) Guangzhou Development District Financial Holdings Group Co attracted strong support for its $500m bond, driven largely by the syndicate banks running the deal.

Mu Sigma wraps up refi

Indian data analytics firm Mu Sigma has closed its $95m refinancing loan after receiving commitments from three more banks during syndication.

UK picks banks for second syndication in September

The UK Debt Management Office has selected the banks which will lead its second syndicated transaction of the month, a tap of its 0.5% 2061 conventional Gilt.

LLCP Buys Tropical Smoothie from BIP

Levine Leichtman Capital Partners (LLCP) has acquired Tropical Smoothie Café from BIP Capital in partnership with the company’s management team. Tropical Smoothie Café (TSC) is a franchisor of fast-casual cafes that serve smoothies, wraps, sandwiches,

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