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Category: Banking Profiles

Bain Capital agrees to buy Virgin Australia

US private equity firm said it would recapitalise the carrier so it can survive until demand returns

Barclays’ lawyers quiz Staveley witness over sale of Newcastle football club

The bank’s attorney Jeffery Onions QC was trying to determine whether Ali Jassim, an adviser to Sheikh Mansour of Abu Dhabi, and Amanda Staveley are still working together

Ontario Teachers Names New Director of Equities

Ontario Teachers’ Pension Plan Board has named Karen Frank as its new senior managing director of equities. Beginning in Fall 2020, Ms. Frank will lead the group’s equities department and will report to Chief Investment

Barclays Private Bank CEO joins OTPP to lead $47bn equities division

Karen Frank will oversee the private capital and high conviction equities teams

Staveley’s role in Barclays’ fundraising amounted to a ‘hustle’ says bank’s lawyer

Staveley decided to sue Barclays because she thought that the bank 'would want to settle', Barclays QC suggested in the High Court

GreyLion Spins Out from Perella Weinberg

PWP Growth Equity has completed its spin-out from Perella Weinberg. The new firm – now operating as GreyLion Capital – will continue to manage its two existing private equity funds with total capital commitments of

Barclays’ lawyers put PCP’s Staveley on the spot over financing agreements

Bank's legal team takes aim at the true nature of the £3.25bn deal's terms

Barclays’ lawyers accuse Staveley of inventing story about £66m Qatar fee

Staveley was put on the spot over why she didn’t raise her concerns about the £66m fee with Barclays or her own firm's lawyers as soon as she noticed it in a draft press release

PCP Capital’s Staveley claims Barclays promised her ‘the same deal’ as Qatari investors

Staveley told the High Court that she recalled being 'pleased' when she learned that the Qataris were joining the deal

Bain Capital, FSI to bid for Serie A – report

Private equity firm Bain Capital and Italian alternative investment house FSI are understood to have taken part in a bid for Italian football league Serie A.

Barclays laywers dig into Amanda Staveley’s dealings with Middle Eastern investors

Jeffery Onions QC appeared to be zeroing in on whether Staveley could have won warrants in the bank

Bain Capital said to trump CVC bid for stake in Italy’s top football league, could value it at €12bn

Bain Capital is reportedly attempting to trump CVC Capital's buyout of a stake in Italian top-flight football league, Serie A, which could value it at about €12bn.

People moves in brief

NatWest Markets names CEO and CFO — Natixis appoints new managers for UK and Middle East — Barclays' private capital markets boss leaves

Goldman Sachs et al. back $27m round for H4

JP Morgan, Goldman Sachs Growth, Barclays Ventures and law firm Linklaters have backed a $27m round for document digitisation and analysis platform H4, obtaining a minority stake in the business.

Barclays lawyers say burden of proof lies with Staveley’s PE firm

The bank’s legal team also refuted the claim it that it would have done 'anything' to avoid nationalisation in 2008

PCP Capital’s lawyers home in on ‘legally risky’ fees in £1.5bn court battle with Barclays

The £346m earned in fees by the Qatari investors was more than ten times the £30m PCP pocketed for bringing Abu Dhabi into the fold, according to written submissions to the court

Summit Partners invests in Swiss software provider

Appway's key customers include Credit Suisse, HSBC, JP Morgan and Deutsche Bank

Bankers join NHS on the front lines of the fight against Covid-19

Bankers at Barclays, Nomura and Goldman Sachs are among those making masks and joining other efforts during the pandemic

British menswear brand TM Lewin acquired by private equity firm

The retailer, held by Bain Capital since 2015, has taken a hit as it has been forced to shut its stores because of the pandemic

Barclays CEO says large City offices may be a ‘thing of the past’

Barclays boss Jes Staley said the bank is re-thinking its location strategy as coronavirus shifts work-at-home practices

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