Private equity firm Clearlake Capital agreed to invest in RSA Security, a global provider of mission critical cybersecurity software and governance risk and compliance management software. Financial terms were not disclosed.
"We are thrilled to partner with Clearlake as RSA continues to focus on providing best-in-class cybersecurity and risk management solutions to enterprises across the world. Clearlake has a proven track record of enhancing value at software companies, especially in cybersecurity and risk management. We believe that their investment is a validation of our business momentum and will further strengthen our ability to grow organically as well as execute upon a compelling M&A strategy," Rohit Ghai, RSA CEO.
RSA is advised by Goldman Sachs, Morgan Stanley, Davis Polk & Wardwell and SHIFT Communications. Clearlake Capital is advised by Bank of America Merrill Lynch, Barclays, JP Morgan, Jefferies & Company, UBS, Sidley Austin and Lambert & Co.
Horizon Therapeutics, a biopharmaceutical company, completed the acquisition of Viela Bio, a clinical-stage biotechnology company, for $3.1bn.
"The Viela acquisition provides multiple opportunities to drive long-term growth and solidify our future as an innovation-driven biotech company. With its deep, mid-stage biologics pipeline, strong R&D team and on-market medicine UPLIZNA®, Viela is a strong complementary strategic fit with our pipeline, commercial portfolio and therapeutic areas of focus. It also gives us tremendous potential to make an even greater impact on the lives of people with rare, autoimmune and severe inflammatory diseases," Tim Walbert, Horizon Chairman, President and CEO.
Viela Bio was advised by Goldman Sachs, Mintz Levin and Solebury Trout. Goldman Sachs was advised by Cravath Swaine & Moore. Horizon Therapeutics was advised by Citigroup, Morgan Stanley, Cooley and Group Gordon. Debt financing was provided by Citigroup and Morgan Stanley.
Oaktree Specialty Lending and Oaktree Strategic Income announced that each company obtained stockholder approval of the proposals related to the previously announced two-step merger of the two companies at their respective stockholder meetings held on March 15, 2021.
Stockholders voted overwhelmingly in favor of the proposed transaction, as more than 98% of voting OCSL and OCSI stockholders supported the merger. The transaction is expected to close on or about March 19, 2021, subject to the satisfaction of customary closing conditions.
Oaktree Strategic Income is advised by Houlihan Lokey and Dechert. Oaktree Capital is advised by Proskauer Rose, Financial Profiles and Sard Verbinnen & Co. Oaktree Specialty Lending is advised by Keefe Bruyette & Woods and Stradley Ronon Stevens & Young.
Peloton Capital Management, a private equity firm, and Stephen Smith, a financial services entrepreneur and the Chairman, CEO and Co-Founder of First National Financial, completed the acquisition of Glass Lewis, a provider of independent global governance solutions, from OTPPB and AIMCo. Financial terms were not disclosed.
"Peloton Capital Management and Stephen are committed to long-term, sustainable value creation through good governance. This aligns strongly with the core values we have established at Glass Lewis. Together, we can advance our mission to help our customers drive value across their governance and stewardship activities," Kevin Cameron, Glass Lewis Executive Chairman.
OTPPB and AIMCo was advised by Perkins Coie and Boulevard Public Relations. Peloton Capital Management and Stephen Smith was advised by Lazard and Torys.
Private equity firm TA Associates completed a $100m investment in Appfire, a provider of apps that help teams solve modern challenges with digital solutions.
"TA's commitment to growth and innovation aligns with our passion for helping teams everywhere drive efficiency and productivity. We believe this investment is a testament to Appfire's outstanding team and a clear validation of our vision, strategy and execution. We are excited to continue our partnership with Silversmith and welcome TA as a strategic growth partner," Randall Ward, Appfire CEO.
Appfire is advised by Robert W Baird and Kirkland & Ellis. TA Associates is advised by Kirkland & Ellis and BackBay Communications.
Sycamore Partners-backed Pure Fishing, the world's largest fishing tackle company, agreed to acquire Plano Synergy, which specializes in tackle storage, catch management, hunting accessories and archery. Financial terms were not disclosed.
"We are excited to welcome the iconic Plano and other brands into our industry-leading portfolio of Outdoor brands. These are storied brands within the fishing and hunting space that are beloved by outdoor enthusiasts worldwide and will perfectly complement our existing business," Harlan Kent, Pure Fishing CEO.
Pure Fishing is advised by Gunpowder. Sycamore Partners is advised by Joele Frank.
Canada Pension Plan Investment Board led a $400m Series C round in insitro, a machine learning-driven drug discovery and development company, with participation from Andreessen Horowitz, T. Rowe Price Associates, Casdin Capital, BlackRock, ARCH Venture Partners, Foresite Capital, GV, Third Rock Ventures, Two Sigma Ventures, HOF Capital and Alexandria Venture Investments.
Proceeds from the financing will be used to further expand insitro's platform capabilities and pipeline, providing resources to access enabling datasets, enabling or complementary technologies and platforms, and potential in-licensed assets that have been de-risked by the company's unique approach to target and patient biomarker discovery.
Accel, a venture capital firm, led a $100m Series D funding round in Socure, a provider of digital identity verification technology. The round was joined by Commerce Ventures, Scale Venture Partners, Flint Capital, Citi Ventures, Wells Fargo Strategic Capital, Synchrony, Sorenson and Two Sigma Ventures.
"The Covid-19 year accelerated our global shift to a digital-first economy and with that came security challenges. The Socure team accurately predicted the immediate need for identity verification solutions in industries like banking and fintech, and we're excited by the tremendous opportunity as Socure expands to support new industries," Amit Jhawar, Accel Partner.
GFL Environmental, a North American diversified environmental services company, agreed to acquire Terrapure Environmental, an integrated provider of solid and liquid waste management and industrial services, for $744m.
"The acquisition of Terrapure is another example of GFL delivering on our commitment to pursue strategic and accretive acquisitions to continue growing our business. Terrapure's assets are highly complementary to our existing solid and liquid waste footprint in Canada. All of their service offerings are currently provided by GFL resulting in expected integration and cross-selling opportunities, as well as the expansion of our operations into new regions," Patrick Dovigi, GFL Founder and CEO.
Grand Rounds, a healthcare quality and navigation company, agreed to merge with Doctor On Demand, a virtual care provider. Financial terms were not disclosed.
"No one has done this before, combining navigation and virtual care delivery. We think it's the future. People make unguided healthcare decisions every day, often with higher costs and worse outcomes. Now, with Doctor On Demand, we'll offer them coordinated support on all fronts—physical, behavioral, financial, administrative—and we'll do it for everything from acute issues to life-long health. This is truly complete care, and it's what we all need," Owen Tripp, Grand Rounds CEO.
WHP Global, a brand acquisition and management firm, completed the acquisition of a majority stake in Tru Kids, the parent company to the iconic Toys "R" Us®, Babies "R" Us®, Geoffrey® the Giraffe brands. Financial terms were not disclosed.
"Our investment in Toys "R" Us reflects our belief and passion for the brand. We are thrilled to be taking the reins of the world's leading toy brand at a time when the category is up 16% and consumer demand for toys is at an all-time high. This is a natural fit for WHP, as we can leverage our global network and digital platform to help grow Toys "R" Us and Babies "R" Us around the world," Yehuda Shmidman, WHP Global Chairman and CEO.
Spireon, a vehicle intelligence company, completed the acquisition of LoJack, a stolen vehicle recovery system, from CalAmp, a provider of internet of things software applications. Financial terms were not disclosed.
"Spireon's decision to acquire the LoJack US business reinforces our longstanding commitment to deliver 24×7 asset visibility and actionable insights that boost profits, protect assets and increase safety and productivity. The combination of LoJack's brand equity with Spireon's modern technology and award-winning customer service and support creates a powerful platform for continued innovation for current and future auto dealers and consumers," Kevin Weiss, Spireon CEO.
Watsco, the largest distribution network for heating, air conditioning and refrigeration products, and Carrier Global, a heating, ventilation, and air conditioning company, agreed to acquire Temperature Equipment, a wholesale HVAC distribution company.
"TEC is one of the most iconic, entrepreneurial, long-standing family businesses in our industry. Skip Mungo and his team have built a great company and they will continue TEC's focus on growth with their name, identity and unique culture in what will be new markets for our company. We look forward to supporting their growth with capital, ideas, technology and our industry relationships to build on their historical success. We are pleased to become part of the TEC family," Albert H. Nahmad, Watsco Chairman and CEO.
CRH-backed Oldcastle Infrastructure, a provider of building materials, completed the acquisition of Hancock Concrete, a manufacturer of concrete pipe and precast products in the United States upper Midwest. Financial terms were not disclosed.
"Founded in 1917, Hancock Concrete has been a trusted partner with a long track record of serving the upper Midwest. Its well-rounded product offering and people first approach are a great addition to our growing business. The acquisition complements Oldcastle Infrastructure's existing product offering, while further expanding the company's presence and customer base in the infrastructure market," Jason Jackson, Oldcastle Infrastructure President.
Würth Industry North America, an inventory management & industrial distribution firm, and Northern Safety & Industrial, an industrial distributor, agreed to acquire ORR Safety, a privately held safety company. Financial terms were not disclosed.
"Würth Industry has strong sales growth targets, both organically and through key acquisitions. This investment represents an important strategic opportunity to expand our personalized safety services to manufacturers across North America. The acquisition of ORR safety allows us to expand our market share in the safety solutions and offer safety solutions in new markets such as rail, auto, and government," Dan Hill, Würth Industry North America CEO.
DST Global, an investment company, led a $300m funding round in Weee, a tech startup that offers an online grocery site and app, valuing the company at $2.8bn. The round was joined by Blackstone, Arena Holdings and Tiger Global.
The new funds will be used for growing geographically, expanding to new categories and adding products, investing in warehouse automation, front-end development and recruiting new hires to operate the warehouses.
Greenoaks Capital led a $270m Series E round in Airtable, the no-code relational database, with participation from WndrCo, Caffeinated Capital, CRV and Thrive.
The company says it plans to use the funding to accelerate the development of its enterprise product and growing the team.
AbbVie in talks to sell $5bn women's drugs portfolio. (FS)
AbbVie, a US research-based biopharmaceutical company, is in discussions to sell a roughly $5bn portfolio of women's drugs. The portfolio was acquired last year through its $63bn purchase of Allergan, a pharmaceutical company, Reuters reported.
AbbVie is working with Morgan Stanley on an auction process that has attracted interest from private equity firms, including CVC Capital Partners.
US and EU regulators to overhaul pharma M&A reviews.
US, EU, and other antitrust enforcers are teaming up to reconsider how they estimate pharmaceutical mergers to curb transactions regarded as raising prices or dampening innovation, Bloomberg reported.
The Federal Trade Commission and the Justice Department will work together with the European Commission, the CMA and the Canadian Competition Bureau to classify ways to examine deals more closely.
“Given the high volume of pharmaceutical mergers in recent years, amid skyrocketing drug prices and ongoing concerns about anticompetitive conduct in the industry, it is imperative that we rethink our approach toward pharmaceutical merger review,” Rebecca Kelly Slaughter, FTC Acting Chairwoman.
Global Media & Entertainment looks to acquire nearly half of IHeart Media. (FS)
Michael Tabor-backed Global Media & Entertainment, an investment firm,
seeks approval to boost its stake in IHeart Media, a free broadcast, podcast, and streaming radio platform, to nearly 50%.
Global Media & Entertainment has already acquired an 8.7% stake in IHeart. The company applied to the Federal Communications Commission for advance approval to increase its IHeart holdings to 49.99%.
Dataminr seeks funding at a $3.6bn valuation. (FS)
Dataminr, an artificial intelligence platform that provides real-time information alerts, seeks to raise new funding at a $3.6bn valuation.
The company previously received backing from Morgan Stanley's Tactical Value Fund, MSD Capital, Valor Equity Partners, Goldman Sachs, Declaration Partners, Fidelity Investments, IVP, and Next Investors.
Bain Capital-backed Diversey aims for a $6.4bn valuation in US IPO. (FS)
Bain Capital-owned Diversey, a provider of cleaning, sanitation, and maintenance products, systems and services, aims for a $6.4bn valuation in its US IPO.
Diversey is seeking to raise up to $970m in IPO from selling about 46.2m shares priced between $18 and $21 apiece. The company will list its stock on the Nasdaq under the symbol “DSEY”, Reuters reported.
Diversey is advised by Citigroup, Morgan Stanley, Barclays and JP Morgan.
Procaps considers going public on Nasdaq via SPAC merger.
Procaps, a Colombian specialized pharmaceutical forms manufacturer, is in talks to go public on Nasdaq through a merger with Kyle Bransfield-backed Union Acquisition II, a US blank-check company, in a deal that would value it at more than $1bn.
Union Acquisition II is in the process of engaging with potential investors to raise a $100m private investment in public equity, which would provide additional funding to Procaps. These funds would be used in addition to the $200m Union Acquisition II raised in October 2019 through an IPO on Nasdaq, Reuters reported.
General Atlantic-backed Torchy's Tacos hires Morgan Stanley and JP Morgan for IPO. (FS)
General Atlantic-backed Torchy's Tacos, a Texas-based restaurant chain, works with advisers for its planned IPO. Torchy's hired banks including Morgan Stanley, JP Morgan, and Bank of America Merrill Lynch, Bloomberg reported.
The company could raise about $300m and be valued at about $1bn in a listing. Other investors in Torchy's include D1 Capital, T. Rowe Price, Lone Pine Capital and XN.
Vector Acquisition III files for a $250m IPO. (FS)
Vector Acquisition III, a blank-check company backed by Vector Capital, a commercial lending group that offers secured loans, filed for a $250m IPO. Vector Acquisition III plans to target the technology and technology-enabled services sectors.
The company plans to raise $250m by offering 25m shares at $10 at a $320m market valuation. The company is not offering units with warrants attached.
Latin America investors invested $1.2bn to CD&R fund XI. (FS)
Clayton, Dubilier & Rice, an American private equity company, closed its flagship fund with $1.2bn in capital commitments from Latin America investors. The fundraising was led by Andean Region with 74.1% of the capital, followed by Brazil with 16.6% and Mexico with 9.3%, respectively. 70% of investment was provided by institutional investors, and the remaining 30% represented by private investors.
“We are grateful to our investors in Latin America for their strong support and were delighted to work with HMC Itajubá team on this important project. The success of the fundraise is a critical milestone and validates the growing and broad appreciation among asset owners for private equity-related investments in the region," Thomas Franco, CD&R Partner.
Pathway Capital Management closes $1bn custom co-investment fund. (FS)
Pathway Capital Management, a private market investor focusing on private equity, private credit, and infrastructure, closed on $1bn for Pathway Co-investment Partners Fund V, a custom co-investment fund for a US-based institutional investor.
PCPF V will concentrate on recognizing and investing in co-investment opportunities globally alongside high-quality private equity managers in various private equity strategies.
Banner Ridge Partners targets $600m for secondary fund. (FS)
Banner Ridge Partners, an alternative investment advisor, is prepping its next secondary fund targeting $600m. However, the firm could raise as much as $1bn for the fund, WSJ reported.
Banner Ridge is led by a senior team with substantial private markets experience and targets deep value opportunities, focuses on fragmented markets working through structural complexities.
Inovia Capital raises a $450m growth fund. (FS)
Inovia Capital, a venture capital firm, raised $450m to invest in startups that are ready to scale up, the latest sign of a maturing Canadian industry that produced the biggest technology IPO in Toronto Stock Exchange history last year, Bloomberg reported.
For its second growth fund in about two years, Inovia attracted investors, including Toronto's Northleaf Capital Partners and Caisse de Depot et Placement du Quebec and Investissement Quebec in its home province. That brings capital under management to $1.5bn at the firm.
Allied Universal's $5.3bn offer for G4S, a British multinational security services company, received shareholder acceptances of 79.09% and became unconditional as to acceptances. The counter-bid from BC Partners-backed GardaWorld lapsed and is no longer capable of acceptance.
"We are pleased that a very large proportion of shareholders have accepted Allied Universal's final offer. The G4S board believes that the offer provides shareholders with an attractive premium, while securing the future success of G4S for employees, customers, pension scheme members and other stakeholders," John Connolly, G4S Chairman.
G4S is advised by Citigroup, Goldman Sachs, JP Morgan, Lazard, Herbert Smith Freehills, Linklaters and Brunswick Group. Allied Universal is advised by Credit Suisse, Moelis & Co, Morgan Stanley, AZB & Partners, Cleary Gottlieb Steen & Hamilton, Freshfields Bruckhaus Deringer, Kirkland & Ellis, Sullivan & Cromwell and Teneo.
Ardian-backed Staci, a digital and logistics hub, agreed to acquire Base Logistics Group, a specialty logistics provider, from private equity firm Waterland. Financial terms were not disclosed.
"We are pleased to have had the opportunity to add such a strong and successful logistics service provider to our group. We therefore warmly welcome all employees of Base Logistics, HealthLink and SLS within our organization and I am very much looking forward to the collaboration," Thomas Mortier, Staci Group CEO.
Base Logistics Group is advised by Van Doorne. Ardian is advised by Bain & Co, Eight Advisory, Nielen Schuman, Stibbe, Weil Gotshal and Manges, AlixPartners and Singulier. Waterland is advised by Alvarez & Marsal, Lincoln International and Lexence.
eToro, a multi-asset investment platform, agreed to go public via a $10.4bn merger with FinTech Acquisition V, a special purpose acquisition company. The deal includes a $650m common share private placement from ION Investment Group, Softbank Vision Fund 2, Third Point, Fidelity Management & Research and Wellington Management. Upon closing of the transaction, the combined company will operate as eToro Group and is expected to be listed on NASDAQ.
"Today marks a momentous milestone for eToro as we embark on our journey to become a publicly traded company with Betsy Cohen and the team at FinTech V. I want to express my gratitude for the passion, hard work, drive and determination of all of the eToro team members over the past 14 years who have helped make this a reality," Yoni Assia, eToro Chief Executive Officer.
eToro is advised by Goldman Sachs, Meitar Law Offices and Skadden Arps Slate Meagher & Flom. FinTech Acquisition V is advised by Cantor Fitzgerald, Citigroup, Northland Capital Markets, Gornitzky & Co and Morgan Lewis & Bockius. The PIPE consortium is advised by Davis Polk & Wardwell.
Salling Group, a retailing group, completed the acquisition of the Polish business of Tesco, a British multinational groceries and general merchandise retailer, for $227m.
"We have seen significant progress in our business in Central Europe, but continue to see market challenges in Poland. I would like to thank all of our Tesco Poland colleagues for their dedication to serving customers in Poland over many years. We see this transaction as the best way to secure the future of the business for our colleagues and customers in Poland," Dave Lewis, Tesco CEO.
Salling Group was advised by Gorrissen Federspiel and Wardynski & Partners. Tesco was advised by Barclays, Allen & Overy and Teneo.
Private equity firm Apax Partners agreed to acquire Lutech, an IT services, software and technology company in Italy, from One Equity Partners, a middle-market private equity firm. Financial terms were not disclosed.
"I'm delighted that the Apax Funds have invested in Lutech. Over the years, Lutech has grown to become a leading player in Italy with an authentic end-to-end offering supporting the digital evolution of our customers. With the significant experience that Apax will offer, we look forward to partnering with them as we continue our ambitious growth plans," Tullio Pirovano, Lutech CEO.
Apax is advised by Nomura, Kirkland & Ellis,Greenbrook and Tancredi.
Meltwater, a global provider of media intelligence and social analytics, agreed to acquire Linkfluence, a French SaaS company using artificial intelligence to algorithmically mine social media for consumer insights, for $60m.
"We share the same vision of the future as Meltwater of bringing AI-enabled consumer insights to global brands through social listening. There has never been more data available to more companies, and the winners of tomorrow will be the brands that understand their customers at the speed of the web by using the internet as an important source for leading indicators. Joining forces with Meltwater will bring tremendous value to our clients by enabling us to leverage their fantastic assets and strengthen our innovation capabilities," Guillaume Decugis, Linkfluence CEO.
Venture capital firm Valar Ventures led a $170m Series B round in Bitpanda, a cryptocurrency broker.
"Bitpanda's broad offer and commitment to demystifying investing for a new breed of retail investors means it is perfectly positioned to take advantage of the trend," James Fitzgerald, Valar Ventures Founding Partner.
Indigo Partners sold a stake in Wizz Air for £400m. (FS)
Indigo Partners, a private equity and venture capital firm, sold about half of its stake in Wizz Air, a low-cost airline, to institutional investors, for around £400m ($553m).
Indigo Partners did own 15m shares or a 17.5% stake in Wizz Air before the disposal. The sale of 7.7m shares will leave it with a stake of about 8.5%, Reuters reported.
Trustpilot seeks up to $600m in London IPO. (FS)
Trustpilot, a consumer review website, is set to raise as much as $600m in London listing, a sale that may help lift the UK to its biggest ever first quarter for IPOs. Shares will be offered at $0.34 to $0.37 each and value the company at as much as $1.5bn, Bloomberg reported.
The company had gathered enough investor demand to cover the full deal size throughout the price range. Indicated demand exceeds the full deal size. Investment firms including BlackRock, FIL Investments International, Caledonia Investments, Capital Research Global Investors, Adelphi Capital and Janus Henderson have agreed to collectively buy $240m of Trustpilot stock at the IPO price.
Trustpilot is advised by Morgan Stanley, JP Morgan, Berenberg and Danske Bank.
BlackRock-backed GV Gold prepares a $500m IPO. (FS)
BlackRock-backed GV Gold, a Russian gold mining company, plans an IPO in Moscow that may raise $500m. BlackRock plans to sell shares and seeks a valuation for the company of as much as $1.8bn, Bloomberg reported.
"In the future we plan to continue developing the potential of our current assets, and to launch two new strategic growth projects – Krasny and Svetlovskoye," Vladislav Barshinov, GV Gold CEO.
GV Gold is advised by Goldman Sachs, UBS, Sberbank, VTB Capital, Raiffeisen Bank and Sova Capital.
Trustly CEO attempts to talk down speculation about IPO.
The CEO of Trustly Group, a Swedish digital payment provider, tried to refute speculation that the company moved closer to an IPO, and suggested it can still find other ways to enter the market.
“No decision has been taken on any IPO. We are preparing our processes, which would give us strategic optionality and shorten our time to market, if we were to decide to pursue an initial public offering," Oscar Berglund, Trustly CEO.
Tencent completed the acquisition of an additional 5% stake in Century Huatong, a developer of internet games, for $429m, becoming the second-largest shareholder in the company with total holdings of c. 10%.
The bolstering of its stake in Century Huatong comes only three days after Tencent was fined $76k following an anti-monopoly investigation by the State Administration of Market Supervision.
Global investors value Ant Group at over $200bn. (FS)
Global investors of Ant Group, a Chinese fintech firm, valued the company at over $200bn based on its 2020 performance. The number is a third above Ant's valuation after its last fundraising in 2018.
Ant's valuation and revised listing timeline are unclear as the affiliate of Alibaba Group, an online commerce company, has yet to finalize its restructuring plan.
SK Telecom, Shinsegae Group and MBK Partners among bidders for eBay's Korean business. (FS)
SK Telecom, a mobile operator in South Korea, Shinsegae Group, a department store franchise, and MBK Partners, a private equity firm, are among those that entered non-binding, preliminary bids for the sale of South Korean business from eBay, an online auction and shopping website.
eBay Korea operates open market e-commerce platforms Gmarket, Auction and G9. The company hopes to fetch up to $4.42bn with the sale, Reuters reported.
Baidu's AI chip unit Kunlun completes new funding at a $2bn valuation. (FS)
According to Reuters, Chinese search giant Baidu's artificial intelligence chip unit Kunlun recently completed a round of fundraising, which values the business at about $2 bn.
The fundraising, which comes as the company pushes forward with AI chip design and manufacturing ambitions, was led by Chinese private equity firm CITIC Private Equity Funds Management. Other investors include IDG Capital, Legend Capital and an industry fund Oriza Hua.
COFCO hires banks for a merger of trading arm.
COFCO, a Chinese food group, hired banks to advise on a possible merger of trading arm COFCO International with domestic businesses ahead of an IPO, Reuters reported.
The plan's merger part is expected to be completed this year, with the share listing possibly following in late 2021 or early 2022. The listing would most likely be in Shanghai and could be worth more than $5bn.
China Mobile explores A-share listing.
China Mobile, a provider of telecommunications and other related services, is considering an A-share listing after the company was removed from the New York Stock Exchange.
The state-owned firm discussed the potential offering with advisers as it looks for new avenues to fund its 5G network development, Bloomberg reported.
Temasek-backed Openspace Ventures closes third fund at $200m. (FS)
Temasek-backed Openspace Ventures, a venture capital firm that makes investments in early-stage technology companies, closed its third South-East Asia fund at $200m. The firm seeks to replicate its successes in startups across the region.
New investors include DEG, Norfund, 57 Stars and Mizuho Financial Group.
JP Morgan head of Southeast Asia M&A to join Barclays. (People)
Ee Ching Tay, JP Morgan managing director and head of Southeast Asia M&A, is leaving the bank after about a decade, Bloomberg reported.
Tay is set to join Barclays as head of Southeast Asia banking and will start around the middle of the year.
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