During the financial crisis when the deal markets were quiet, banks parted ways with their senior investment bankers. Now that business has slowly revived, lenders are seeing that they are left with junior bankers that are a little wet behind the ears.
Deals
Kazakhstan to sell equal-sized stakes in BTA Bank to Kazkommertsbank, Kenes Rakishev for undisclosed sum
Samruk-Kazyna, Kazakhstan's sovereign wealth fund, on Monday struck a deal to sell equal-sized stakes in its BTA Bank. Its holding in the country's third-biggest bank will be sold to Kazkommertsbank and businessman Kenes Rakishev for an undisclosed sum.
Rhoen-Klinukum expecting green light from German antitrust regulators on the proposed sale of its assets to rival Fresenius SE & Co. in early 2014
Rhoen-Klinukum, which had put up for sale its 43 hospitals and 15 outpatient facilities, expects to get the green light from German antitrust regulators on the proposed sale of most of its assets to rival Fresenius SE & Co.
CSI Holdco sells two solar power plants to PSEG subsidiary
CSI Holdco, a subsidiary of Canadian Solar Inc, has exited two solar power plants called the PSEG Shasta Solar Farm to PSEG Solar Source, subsidiary of Public Service Enterprise Group.
Mexico's Sigma, China's Shuanghui share ownership of Spanish meat processor Campofrio in a deal worth $957M
Sigma Alimentos and Shuanghui International Holdings on Monday agreed to share ownership of Spanish canned ham and hotdog processor Campofrio Food Group SA. The co-ownership deal is worth $957 million.
Latest News
Fondazione Monte dei Paschi, Banca Monte dei Paschi di Siena's top shareholder, is reportedly nearing a deal to divest its 20% stake in the Italian bank to three other banking foundations and a group of investment funds.
Taminco Corp, the world's largest alkylamines and alkylamine derivatives producer, said it had agreed to acquire the formic acid business of Finland-based chemicals firm Kemira.
Tribune Co., which planned to split its newspaper division from its TV-broadcasting division in July, said that it intends to meet with Rep. Henry Waxman to dicuss his concern about the spinoff's impact on the Los Angeles Times.
Infinity Group, a private equity firm based in China, announced its investment of $4.2 million in Israel-based biotechnology firm BotanoCap, a developer of green solutions for various industries.
Trucking firm YRC Worldwide, which has roughly $1.4 billion in debt, is nearing a financing deal comprised of $250 million in equity and $25 million in debt committed to become equity.
Time Warner Cable's 462% total returns may help convince its shareholders to reject Charter Communications' $62 billion offer or to not press for a sale. Time Warner Cable is seeking a takeover bid of $150 per share.
A group led by Singapore-based Perennial Real Estate Holdings will buy the TripleOne Somerset office and retail building for $766 million. Perennial will acquire the Singapore tower from Asia Real Estate Income Fund.
ARA Asset Management Ltd, an Asian real estate fund management firm, said it had agreed to buy Macquarie Real Estate Korea Ltd, the Korean unit of Macquarie Group Ltd.
Shares of Hyundai Merchant Marine jumped the most among shares of Hyundai Group companies following the conglomerate's announcement that it will sell assets to raise $3.1 billion to repay bonds due in two years.
