By Nikhil Subba
Sanjeev Mehra, one of the pioneers of the private equity business at Goldman Sachs Group Inc, will retire after nearly 30 years of service, according to an internal memo viewed by Reuters. Mehra, who was vice chairman of global private equity in the bank’s merchant banking division, will become an… Read more »
Early-stage venture capital firm has closed two funds – Lightspeed Venture Partners XI, L.P. (Fund XI) and Lightspeed Venture Partners Select II, L.P. (Select Fund II) – with $715 million and $500 million of committed capital respectively.
The deal includes capital investment and purchased shares of about $13.2m, including a pledge to inject an additional $6.6m in case of further business development needs.
Bank of America Corp is hiring a new team of investment bankers who cater to mid-sized companies, four years after dismantling a similar business, three people familiar with the matter told Reuters.
Citi plans to focus on clients like PE funds, SWFs, hedge funds and other alternative asset managers
Senior investment bankers Zubaid Ahmad and Brad Coleman will be leading a new group at Citigroup Inc focused on better serving clients that are private equity firms, hedge funds and sovereign wealth funds, according to a memo seen by Reuters on Wednesday.
Amazon, which relies on carriers like United Parcel Service Inc and FedEx Corp to deliver most of its packages, spent $11.5 billion on shipping last year.
The deal would also free up capital for Deutsche Boerse, which has said it plans to merge with the London Stock Exchange Group Plc to create a European trading powerhouse that could better compete against U.S. rivals.
This move follows a $2.2 million fundraising last year, led by Global Brain (GB) with participation from Nippon Technology Venture Partners (NTVP) and Lead Capital Management (LCM).
The deal comes nearly three years after photo and video messaging app Snapchat had rejected an offer from Facebook.
The number of deals rose to 653 in 2015, from 586 signalling an increasing interest in fintech