Tag archive for ‘Financial service news’
Srei Equipment Finance to get $250m investment from Arena Investors and Makara Capital
By businessnewstoday On Friday, April 9th, 2021
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Srei Equipment Finance to get $250m investment from Arena Investors and Makara Capital

(adsbygoogle = window.adsbygoogle || []).push({}); Srei Equipment Finance (SEFL) said that it has received expression of interest from Arena Investors and Makara Capital Partners for investing up More...

Utmost Group to acquire investment platform provider Quilter International for £483m
By businessnewstoday On Monday, April 5th, 2021
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Utmost to acquire investment platform provider Quilter International for £483m

Utmost Group Limited, a specialist life assurance group, has agreed to acquire Isle of Man-based investment platform provider Quilter International for around £483m in cash. Quilter International provides cross-border More...

Rising Sun Holdings to acquire controlling stake in Magma Fincorp
By businessnewstoday On Wednesday, March 10th, 2021
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Magma Fincorp shareholders approve acquisition by Rising Sun Holdings

Magma Fincorp said that its shareholders have approved Rising Sun Holdings’ (RSHPL) acquisition of a controlling stake in the former. In February 2021, Rising Sun Holdings, which is controlled by Serum Institute More...

Wells Fargo to divest asset management business to GTCR and Reverence Capital for $2.1bn
By businessnewstoday On Tuesday, February 23rd, 2021
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Wells Fargo to divest asset management business to GTCR and Reverence Capital for $2.1bn

Wells Fargo & Company has agreed to divest its asset management business – Wells Fargo Asset Management (WFAM) to private equity firms GTCR and Reverence Capital Partners for $2.1 billion. As part of the More...

Rising Sun Holdings to acquire controlling stake in Magma Fincorp
By businessnewstoday On Thursday, February 11th, 2021
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Rising Sun Holdings to acquire controlling stake in Magma Fincorp

Rising Sun Holdings (RSHPL), a company controlled by Serum Institute of India CEO Adar Poonawalla, has agreed to acquire a controlling stake in Magma Fincorp, non-banking financial company based in Mumbai. The transaction More...

Bharti Airtel sells stake in Seynse Technologies, the creator of digital lending platform Loan Singh
By businessnewstoday On Saturday, January 16th, 2021
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Bharti Airtel sells stake in Loan Singh creator Seynse Technologies

Bharti Airtel revealed selling its stake in Indian financial technology company Seynse Technologies, the creator of a digital lending platform called Loan Singh, for an undisclosed price. According to a regulatory More...

Perella Weinberg Partners to merge with FinTech IV in $975m deal
By businessnewstoday On Friday, January 1st, 2021
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Perella Weinberg Partners to merge with FinTech IV in $975m deal

Perella Weinberg Partners (PWP), a US-based independent advisory firm, has agreed to merge with FinTech Acquisition Corp. IV (FinTech IV), a special purpose acquisition company, in a deal worth around $975 million. The More...

MSCP wraps up $330m sale of majority stake in Hojeij Branded Foods to Lagardere
By businessnewstoday On Thursday, December 3rd, 2020
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Macquarie Asset Management to acquire Waddell & Reed Financial for $1.7bn

Macquarie Asset Management has signed a deal worth around $1.7 billion to acquire US-based asset and wealth management company Waddell & Reed Financial. The asset management unit of Australia-based Macquarie More...

City Bank, Compass Plus bring interoperable QR code payment solution to Bangladesh
By businessnewstoday On Saturday, October 10th, 2020
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City Bank, Compass Plus bring interoperable QR code payment solution to Bangladesh

City Bank, a Bangladeshi private commercial bank, has joined forces with UK-based payments technology firm Compass Plus to launch an interoperable QR code payments solution in the Asian country. The QR code payments More...

Morgan Stanley acquisition of Eaton Vance
By businessnewstoday On Friday, October 9th, 2020
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Morgan Stanley to acquire investment management firm Eaton Vance

Morgan Stanley acquisition of Eaton Vance : Investment banking giant Morgan Stanley has agreed to acquire Boston-based investment management firm Eaton Vance, in a cash-cum-stock deal worth $7 billion. Eaton Vance More...