No V-shaped recovery in sight for Europe’s banks, says Fitch
Loan losses will keep rising as governments stop propping up borrowers and the economic devastation becomes clear
Loan losses will keep rising as governments stop propping up borrowers and the economic devastation becomes clear
A spokesperson for Wirecard said it expects job losses among its 80 UK staff
Sequoia Capital Equity Partners fund starts with initial capital of more than $300m from investors
Chinese local government financing vehicle (LGFV) Linyi City Construction Investment Group Co raised $300m from its inaugural transaction against a weaker market backdrop.
Advent International is to commit CHF 415m in a rights offering to be issued by listed Switzerland-headquartered travel retailer Dufry to existing shareholders.
The US-based private equity firm has committed to buy shares worth up to CHF415 million at CHF28.50 each
China Renaissance Holdings has raised more than $600m for the final close of its Huaxing Growth Capital USD Fund III.
Danish drone startup QuadSAT has raised €2m in a pre-series-A investment round led by space-technology investor Seraphim Capital.
Levine Leichtman Capital Partners has named Tannaz Chapman as its newest managing director among a string of promotions at the firm.
Anthemis Insurance Venture Growth Fund I (AIVGF I) is expected to hold a final close before the end of H2 2021.
Visma – a Norway-based cloud software company backed by Hg, Warburg Pincus and TPG, among others – has acquired Dutch accounting software company Cash Software.
European alternatives funds have reached €2tn of assets under management for the first time despite a dampening of activity amid the coronavirus pandemic.
Swedish private equity firm EQT has acquired Spanish online property marketplace Idealista from Apax Partners for €1.3bn.
Standard Chartered this week became the first bank to launch a Sofr-linked deal in the 144A/Reg S dollar market, as it looked to introduce the Libor replacement rate to a more global audience.
Banque Fédérative du Crédit Mutuel made its annual visit to the Samurai bond market this week, raising ¥63.6bn ($600m) across three tranches in a senior preferred format.
Digital Currency Group has acquired digital currency exchange Luno.
Asset management giant Neuberger Berman has raised more than $300m for the final close of the first fund raised by its alternative credit unit.
The portfolio of Massachusetts Pension Reserves Investment Management Board fell 8.3% in value on Covid-19 fallout, but the pension system expects it to recover that and more
Eurazeo has acquired the remaining ordinary shares of Idinvest Partners from CEO Christophe Bavière, managing partner Benoist Grossmann and other minority shareholders.
Earlier this week, the company said that US private equity firm Silver Lake will invest $1.02bn into its retail company, Reliance Retail Ventures
