Corporate Funding
- Finance
McDonald’s-backed online youth hub FaZe Clan plans to list via Spac
Youth-focused online platform FaZe Clan is nearing a deal to combine with a special-purpose acquisition company and go public with…
Read More » - Finance
Private equity firms pay themselves record sums with debt
Private equity firms are taking advantage of a frothy credit market to pay themselves record sums with borrowed money, a…
Read More » - Finance
WeWork shares up in NYSE debut
WeWork shares rose on their first day of trading on 21 October, capping a journey to a listing that included…
Read More » - Finance
Five things in crypto this week: bitcoin ETF, inflation and FTX’s $25bn price tag
In the week that saw bitcoin reach a new all-time high, investors and financial professionals alike were kept busy in…
Read More » - Finance
Evergrande Group averts default with overdue interest payment to bondholders
China Evergrande Group made an overdue interest payment to international bondholders, the state-owned Securities Times reported on 22 October, an…
Read More » - Finance
Judge orders Lanistar to cough up unpaid salaries to former staff
An employment tribunal has awarded thousands of pounds in payments to former staff at Lanistar who were not paid salaries…
Read More » - Finance
Cryptocurrency exchange FTX hits $25bn valuation in funding round
Cryptocurrency exchange FTX reached a valuation of $25bn in a new funding round that includes heavyweights from traditional finance, such…
Read More » - Finance
WeWork set to trade publicly via Spac, two years after its IPO imploded
The shared-office company WeWork is set to trade publicly Thursday, 21 October, capping a journey to a listing that included…
Read More » - Finance
Trump plans Spac for social media firm
Former President Donald Trump unveiled a new digital-media venture 20 October and said it would go public by merging with a…
Read More » - Finance
Zopa gains unicorn status as SoftBank leads $300m funding round
British digital bank Zopa is now a billion-dollar company, gaining the coveted unicorn title after raising $300m from major Japanese technology…
Read More » - Finance
Credit Suisse admits it defrauded investors to settle Mozambique charges
Credit Suisse Group AG agreed to pay $475m and forgive $200m Mozambique owes to investors in coordinated settlements with US and European…
Read More » - Finance
Digital lender N26 valued at $9bn after $900m funding round
N26 said on 18 October that it raked in more than $900m in a funding round that values the Berlin-based…
Read More » - Finance
Fintech frenzy to stall as talent war and Europe’s IPO slowdown hurts startups
Record levels of private and venture capital funding for European fintech companies could diminish next year as mature startups focus…
Read More » - Finance
Here’s how Asia’s betting on Spacs to lure global investors
Spacs have lost some lustre in America, but stock exchanges in Singapore and Hong Kong are betting the vehicles will…
Read More » - Finance
Spac investors find stability through the chaos
Shares of special purpose acquisition companies have lost their luster for those who recently saw them as a ticket to…
Read More » - Finance
Ex-Chancellor Hammond takes plunge into crypto space with Copper adviser role
Former Chancellor Lord Philip Hammond has become the latest high-profile politician to join the crypto craze as he takes an adviser…
Read More » - Finance
City broker Peel Hunt eyes EU and US growth after £112m London IPO
City broker and mid-market investment bank Peel Hunt will be opening a new office on the continent after Brexit, expanding…
Read More » - Finance
Boston, AlixPartners consultants poached by Ankura in UK restructuring push
US consulting firm Ankura has hired a string of heavyweight practitioners to make a push into the UK restructuring market.…
Read More » - Finance
Aviva, Mercer hired to resolve compliance failure in German fund Aquila Capital
A German fund group audited by KPMG has turned to fund giants Aviva and Mercer to enable it to resolve…
Read More » - Finance
Fintech pays ‘heavy price’ for profit failures, says UK startup boss
Fintech firms eager to gain market share at the expense of turning a profit have found their business models left…
Read More » - Finance
Ex-Robinhood staffers start up a fintech
Several former employees of stock-trading platform Robinhood Markets are building a new fintech startup for small businesses. San Francisco-based Parafin,…
Read More » - Market
A bunch of fitness companies have jumped into the IPO market this year. It’s not working out.
Has the U.S. IPO market reached peak fitness? It may have, based on Thursday’s market, which saw the latest fitness…
Read More » - Finance
European Spac market thaws with £125m Disruptive Capital listing
A £125m blank cheque company listing in Amsterdam is unfreezing the European Spac IPO market, which has not seen a deal since…
Read More » - Finance
Why Spacs might just bounce back from their miserable year
2021 has been a miserable year for Spacs. The well documented sagas and ensuing share price volatility around companies like…
Read More » - Market
Tesco Raises FY Guidance, Launches GBP500 Mln Share Buyback — Update
By Jaime Llinares Taboada Tesco PLC on Wednesday raised guidance for the fiscal year after a strong first half, and…
Read More » - Finance
Goldman, Fidelity-backed tech platform aims to make IPOs digital
A new technology platform backed by the biggest US banks and money managers is aiming to bring the IPO market…
Read More » - Finance
Elizabeth Warren, other Democrats issue letters of concern to Spac creators
Elizabeth Warren and three other Democratic senators sent open letters to several creators of special-purpose acquisition companies on 22 September questioning…
Read More » - Market
Fed officials say tapering ‘may soon be warranted’ and earlier interest hike pencilled in
Federal Reserve officials on Wednesday sent a strong signal that they are almost ready to taper their bond-buying and said…
Read More » - Market
Toast stock pops 60% in IPO debut
Toast Inc. shares popped 63% in their trading debut Wednesday, marking a warm Wall Street welcome for the maker of…
Read More » - Finance
Barclays opens up $30m fintech fund in London for female founders
Barclays is expanding its female-focused startup fund to Europe, partnering with venture capital firm Anthemis to accompany the effort with a…
Read More » - Finance
KPMG-audited German fund firm reveals years-long compliance failure in UK arm
A German fund group audited by KPMG has not complied with UK law in its London arm for years, Financial…
Read More » - Market
IPO market braces for 14 deals this week — including payment processor Toast — unless Evergrande woes send issuers scurrying
The U.S. initial public offering market is bracing for another busy week, with 14 deals on tap, unless fears of…
Read More » - Finance
EQT’s Christian Sinding: ‘We were pushing on the brake and the gas pedal at the same time’
EQT had spent only a few months as a publicly-listed company when the Covid-19 pandemic struck in March 2020, forcing…
Read More » - Finance
Tiedemann and Alvarium close to merger deal with plans for a Spac
Investment firms Tiedemann Group and Alvarium Investments are close to a deal to merge and go public through a special-purpose…
Read More » - Finance
UBS promotes leveraged finance dealmakers as Mackey switches to investor relations
UBS has promoted two senior dealmakers to lead its leveraged finance business in Europe, after former head Sarah Mackey moved…
Read More » - Finance
Binance CEO eyes restructure to quell regulators’ concerns
Cryptocurrency exchange Binance is to restructure itself around a single centralised business, after regulators voiced concerns that they could not…
Read More » - Finance
Peel Hunt plans IPO on AIM after bumper year
City broker and small and mid-cap focused investment bank Peel Hunt intends to float on London’s AIM market after a…
Read More » - Finance
Morgan Stanley aims to expand in debt capital markets, says COO Pruzan
Morgan Stanley is set to grow its debt capital markets and leveraged finance business as revenues in the sector have…
Read More » - Finance
Ex-Wise employees raise $10m to build Europe’s answer to Robinhood
Two former employees of British fintech firm Wise have raised $10m to fund Europe’s answer to Robinhood, bringing on board…
Read More » - Finance
Martin Gilbert eyes Asian deal making opportunities for AssetCo
Martin Gilbert, the chair of consolidation firm AssetCo, says he wants to grow the fledgling business in Asia — an…
Read More » - Finance
Energy Vault’s Spac for renewable energy storage hits $1.6bn valuation
Energy Vault is combining with a blank-cheque company to go public in a merger that values the gravity-based energy-storage company at…
Read More » - Finance
Launching a Spac in the UK? Here’s a quick checklist of 10 things to know first
The Financial Conduct Authority has changed the rules that govern the listing of Spacs on the London Stock Exchange, finally enabling…
Read More » - Market
EasyJet: Rights Issue Will Help Restore Group’s Balance Sheet Position
By Anthony O. Goriainoff and Adam Clark EasyJet PLC said Thursday that it would launch a fully underwritten rights issue…
Read More » - Finance
Startup firms see $75bn in value wiped out six months after Spac craze
The blank-cheque boom has turned into a rout. More than six months after the Spac craze crested, a broad sell-off…
Read More » - Finance
JPMorgan leads $50m funding round for financial analytics firm
Aumni, an analytics platform for private capital markets, raised $50m in a funding round led by JPMorgan Chase, signalling investment…
Read More » - Finance
Legality of Spacs called into question in a spate of class actions
Two law professors are aiming at high-profile targets, filing suits that question the legality of a specific type of special-purpose…
Read More » - Finance
Atom Bank files £36m loss as it aims for 2022 breakeven
Fintech lender Atom Bank narrowed its annual operating loss to £36m this year, as it aims for profitability ahead of…
Read More » - Finance
Ex-Anchorage hedge fund exec moves to PJT Partners
Investment bank PJT Partners has hired the former US head of restructuring at hedge fund Anchorage Capital Group as a…
Read More » - Finance
Have rule changes come too late for a City Spac boom?
For years, the UK has looked longingly at the Spac market in the US. As of 11 August, 626 Spacs had…
Read More » - Finance
Greensill Capital attempts to halt lawsuit, files for bankruptcy in the US
The remnants of Greensill Capital, the UK financing company that collapsed earlier this year, filed for bankruptcy in the US,…
Read More »
