By Andrei Skvarsky. Emirates NBD, Dubai’s largest bank, has coordinated a $500m Islamic law-compliant syndicated loan for the government of Pakistan. The loan was provided by a consortium of 12 banks and was oversubscribed by more than 40 per cent, Emirates NBD said in a statement. The consortium comprised Emirates NBD, Commercial Bank of Dubai,… Continue Reading
Category Archives: Deals
Emirates NBD buys Turkey’s DenizBank from Russia’s Sberbank
By Andrei Skvarsky.By By Andrei Skvarsky. Emirates NBD, Dubai’s largest bank, has bought Turkey’s DenizBank from Sberbank, Russia’s biggest lender, which said “sanctions-related restrictions and a corresponding change in Sberbank’s international strategy” explained its decision to sell the Turkish firm. Emirates NBD and Sberbank have said in statements that the sale has been completed now… Continue Reading
PDM loan helps Gilde buy promo gifts firm from Perusa
By Andrei Skvarsky. Funds run by debt investor Permira Debt Managers (PDM) have provided buyout company Gilde with a loan for buying Dutch promotional gifts supplier Xindao from private equity firm Perusa. The PDM-managed funds have acted as the senior secured lender in helping make the acquisition possible, the London-based debt investor said in a… Continue Reading
PDM helps Francisco Partners buy IT firm from Denmark’s Axcel
By Andrei Skvarsky. Funds managed by London-based debt investor Permira Debt Managers (PDM) are acting as senior secured lender in the purchase of EG, a leading Scandinavian software company, by global private equity company Francisco Partners from Danish private equity firm Axcel. EG’s buyout value has been set at 3.7bn Danish kroner ($556m). The deal… Continue Reading
Permira Debt Managers funds acting as senior lender to French manufacturer
By Andrei Skvarsky. Funds advised by London-based debt investor Permira Debt Managers (PDM) are currently acting as the sole senior secured lender to Sotralu, a French manufacturer of accessories for sliding doors and windows, to enable the company to refinance its existing debt and finance future acquisitions. Sotralu, whose business geography covers France, Italy and… Continue Reading
Sberbank buys into firm digitising Islamic alms collection
By Andrei Skvarsky. Sberbank, Russia’s biggest lender, has acquired a 25 per cent stake in PayZakat, a Moscow-based company that has developed and operates a digital system for the collection and distribution of zakat, alms that are obligatory in Islam and are normally collected in cash worldwide. Continue Reading
Sberbank-Luxembourg govt deal to help Russian hi-tech firms access EU markets
By Andrei Skvarsky. The Luxembourg government is going to help Russian high-tech firms to get established in European Union markets under an agreement of June 7 with Sberbank, Russia’s biggest lender. Continue Reading
Guernsey’s ITI Funds says deal enables it to avoid crypto market risks
By Andrei Skvarsky. Guernsey-based investment company ITI Funds has said it has entered into a partnership that arms it with a technology to significantly reduce risks inherent in cryptocurrency transactions. Continue Reading
Lebanon’s Bank Audi says Nexmo’s WhatsApp solution enables it to improve customer service
By Andrei Skvarsky. Lebanon-based Bank Audi has adopted a device developed by US technology company Nexmo to maintain direct contact with customers through WhatsApp, an increasingly popular means of communication worldwide. Continue Reading
Sova brokerage chooses Iress as provider of order management, post-trade processing software
By Andrei Skvarsky. London-headquartered investment broker Sova Capital Limited has chosen Australian technology designer Iress to provide software for order management and post-trade processing in its prime services division. Continue Reading
Natixis arranges €82m syndicated loan for building Mediterranean’s first offshore wind farm
By Andrei Skvarsky. A banking syndicate led by French bank Natixis has lent an Italian company about €82m ($92m) for building what would be the first-ever offshore wind farm in the Mediterranean Sea. Continue Reading
Payger, Net Element clinch deal said to offer shoppers new crypto payment facilities
By Andrei Skvarsky. Electronic payments companies Payger and Net Element, the former based in Munich and the latter in Miami, announced a partnership deal last week that, according to the two firms, offers retail shoppers wider opportunities to pay in cryptocurrencies. Continue Reading
Natixis becomes owner of Titres Cadeaux multi-brand gift voucher operator via deal with La Banque Postale
By Andrei Skvarsky. French investment bank Natixis has become the sole owner of Titres Cadeaux, which is also known as Titres Cado and is France’s fourth-biggest gift voucher operator, after buying a 50 per cent stake in it from La Banque Postale, a subsidiary of French postal service company La Poste. Continue Reading
PDM loan supports buyout of healthcare consultancy Validant by GHO Capital
By Andrei Skvarsky. London-based debt investor Permira Debt Managers (PDM) is acting as sole senior secured lender to Validant, an international healthcare consultancy focused on regulation and compliance. Continue Reading
PDM loan helps media tech company Deltatre refinance debt, buy out software firm
By Andrei Skvarsky. Debt investor Permira Debt Managers (PDM) has continued its strategic line of investing in technology-focused companies by making a loan recently to global sports media technology firm Deltatre to help it to refinance a debt and support its buyout of a software company. Continue Reading
PDM makes refinancing loan to French software firm
By Andrei Skvarsky. London-based debt investor Permira Debt Managers (PDM) is currently making a debt refinancing loan to DL Software, a French software publisher for small and medium-sized businesses. Continue Reading
Arab development bank acquires stake in African multilateral lender
By Andrei Skvarsky. The Arab Bank for Economic Development in Africa (BADEA), an institution owned by 18 Arab countries, has acquired a stake in the multinational Eastern and Southern African Trade and Development Bank (TDB). Continue Reading
Deals worth billions of dollars made during 53-nation Africa Investment Forum
By Andrei Skvarsky. Billions of dollars’ worth of deals were clinched during Africa Investment Forum, an event in Johannesburg on November 7-9 that brought together more than 1,000 people from 53 countries, including 23 non-African states, African Development Bank (AfDB) said. Continue Reading
Credit Suisse, J.P. Morgan, Merrill Lynch, UBS, RenCap, Sova, Wood organising IPO for Belarus grocery chain
By Andrei Skvarsky. Credit Suisse and J.P. Morgan Securities are acting as joint global coordinators for a planned initial public offering of shares (IPO) next month by Eurotorg, the largest grocery retailer in Belarus. Continue Reading
PDM provides Trilantic Europe with loan for buying out talent management firm
By Andrei Skvarsky. Debt investor Permira Debt Managers (PDM) has provided private equity firm Trilantic Europe with a loan for the acquisition of YM&U, a talent management company that was formerly called James Grant Group but was renamed during a rebranding simultaneous with the buyout. Continue Reading
Permira provides loan to support Inflexion/Bollington Wilson union
By Andrei Skvarsky. London-based private debt company Permira Debt Managers (PDM) has acted as the sole senior secured lender to support partnership between two British companies, private equity firm Inflexion and insurance broker Bollington Wilson, which was bought out by Inflexion several months ago. Continue Reading
Tolar sells blockchain licence to Bahrain govt
By Andrei Skvarsky. Tolar, a one-year-old blockchain and cryptocurrency developer group based in ex-Yugoslav states, has signed a deal licencing the Bahraini government to use an advanced technology based on its flagship blockchain project. Continue Reading
Permira provides Bridgepoint with loan for buying out French retailer
By Andrei Skvarsky. Investment group Permira Debt Managers (PDM) has announced that one of its funds is acting as the sole lender to buyout firm Bridgepoint in the acquisition of Private Sport Shop, one of France’s largest sports equipment online retailers. Continue Reading
Permira refinances loan for French surveillance equipment maker Anaveo
By Andrei Skvarsky. Global investment firm Permira has refinanced a loan it provided for French electronic surveillance equipment manufacturer Anaveo a while ago. Continue Reading
Sovcombank-Rosevrobank merger expected to create one of Russia’s top 3 private banks
By Andrei Skvarsky. Russia’s Sovcombank and Rosevrobank have agreed to merge in a deal that will bring into being what is expected to be one of Russia’s top three private banks by assets and capital. Continue Reading
Russia’s Sovcombank buys 11-pct stake in Rosevrobank from EBRD
By Andrei Skvarsky. Russia’s Sovcombank, a universal bank with an extensive nationwide retail network, has enlarged its interest in another Russian lender, Rosevrobank, by buying an 11-per-cent stake in the latter from the European Bank for Reconstruction and Development (EBRD). Continue Reading
FXPrimus, trade.io launching app for checking financial trade data accuracy
By Andrei Skvarsky. Blockchain trading platform provider trade.io and financial broker FXPrimus are launching a blockchain-based application for financial traders to check whether data shown on their MetaTrader 4 (MT4) online trading platform has not been tampered with. Continue Reading
Permira fund provides private equity firm Vitruvian with loan for buying out Techogroup
By Andrei Skvarsky. A fund run by Permira Debt Managers, an arm of private equity firm Permira, was the sole senior secured lender financing the recent buyout of German information service provider Technogroup IT-Service by pan-European private equity firm Vitruvian Partners. Continue Reading
Russia’s ITI Group Buys Out UK’s Walbrook Capital Markets
By Andrei Skvarsky. Russian financial services company ITI Group has bought out Walbrook Capital Markets, a London-based multi-asset brokerage that provides access to a range of electronic trading platforms and telephone services. Continue Reading