Know What's Happening in Investment Banking
Know What's Happening in Investment Banking
Flex to acquire Electrical Power Products for $1.1B
Flex Ltd. announced a definitive agreement to buy Electrical Power Products for approximately $1.1 billion in cash. The target contributes about $323 million of annual revenue and delivers a mid‑to‑high‑teens EBITDA margin, and Flex expects the deal to be accretive to adjusted earnings per share in the first full fiscal year after closing.
U.S. primary market leveraged loan yields rose to 8.09% in March, the highest level since April 2025. The increase reflects broader pricing pressure on first‑lien institutional term loan Bs with a three‑year repayment horizon. Single‑B rated credits led the yield expansion, signaling tighter credit conditions for leveraged borrowers. The move underscores a shift in investor risk appetite within the high‑yield loan space.
Investment banks are confronting a widening precision gap caused by fragmented data across inboxes, spreadsheets, and legacy CRMs. Leaders recognize that unified, real‑time client, sponsor, and portfolio visibility is essential for sharper interactions, smarter prioritization, and faster execution. Platforms such...
JPMorgan Asset Management is launching its first Taiwan‑focused ETF since 2010, entering a market valued at about US$260 billion. The fund will employ an active strategy that combines cash equities with covered‑call options to boost cash distributions. Taiwan’s ETF sector is...
Parallel, a Y Combinator alumnus, announced a $20 million Series A round led by Index Ventures. The capital will be used to develop AI‑driven software agents that automate routine administrative tasks in hospitals, such as scheduling, billing, and records management. Parallel aims...
The U.S. Securities and Exchange Commission issued new guidance stating that collateralized loan obligations (CLOs) are not considered fund‑like investments for the purpose of fund‑of‑fund (FoF) investment caps. The clarification means that FoF managers can allocate to CLOs without those...
Singapore’s United Overseas Bank (UOB) priced a three‑year panda bond worth RMB 5 billion at a 1.83% yield on March 18, marking a notable entry into China’s offshore yuan market. In the same month, Deutsche Bank and BNP Paribas each issued panda bonds exceeding RMB 5 billion,...
Recent research on coercive, non‑pro rata liability management exercises (LMEs) shows they provide only a brief, fragile runway for distressed firms. Within a year, fewer than half avoid a second default, and after two years just 22 % remain out of...
John Jenkins highlights key considerations for sellers contemplating equity rollovers in M&A transactions. The blog stresses that call options embedded in buyer agreements can allow the acquirer to repurchase the seller’s rolled‑over stake, often at below‑market prices and over extended...
Pitchbook warns that upcoming mega IPOs could dominate market liquidity in 2026. SpaceX, OpenAI and Anthropic are rumored to go public, potentially becoming the three largest VC‑backed IPOs ever. Their combined valuation may surpass the total value of all VC‑backed...
Credit‑Linked Notes (CLNs) are being hailed as the premier tool for capital‑relief trades in the structured credit market. Recent commentary highlights their ability to off‑load credit risk while preserving balance‑sheet efficiency. The piece situates CLNs amid a shifting regulatory landscape,...
Kraken raised at a $20 billion valuation in November. Four months later, it's shelving its IPO plans. 📋 Read More: https://lnkd.in/ekYqtFtm
Capteris Equipment Finance is set to sell a $436.9 million asset‑backed securities (ABS) transaction, Series 2026‑1, backed by 216 commercial equipment leases from 57 obligors. The deal issues six tranches, with senior A1 and A2 notes receiving the bulk of capital and...
JPMorgan Chase and a syndicate of banks have paused a $5.3 billion debt financing for Qualtrics International after the software firm failed to attract sufficient investor interest. The slowdown reflects heightened market anxiety over artificial‑intelligence disruption and a broader pullback from...
Moody's downgraded New York's Metropolitan Opera Association to Caa1 from B3, pushing it deeper into junk territory, and lowered The New School's rating to Baa1 from A3. The Met faces a $120 million endowment draw, $178 million debt, and liquidity constraints with...
The Motley Fool Money team discusses OpenAI's strategic pivot ahead of a rumored 2026 IPO, noting the company's shift from consumer‑focused side projects like a browser and video app to enterprise‑grade products such as the expanded Codex platform. They explore...
If you read one thing on private credit today, make it Sixth Street's investor letter. The highlights: “Crises don’t happen because of credit issues, they happen because of liquidity issues. "If you believe in efficient markets, public BDCs trading at significant discounts...
AmperCap Acquisition Company (ticker APMCU) filed its S‑1 to launch a $125 million special purpose acquisition company IPO. The filing, submitted on March 18, 2026, positions AmperCap among the latest wave of SPACs seeking to capitalize on renewed investor appetite. The...
U.S. District Judge Laura Taylor Swain urged the Puerto Rico Oversight Board to consider a contingent vehicle instrument (CVI) in its PREPA plan of adjustment as parties grapple with the size of bondholders' secured claim. The board has offered bondholders...
Yesterday $NBIS announced a large capital raise. Despite that, Northland Securities reiterated their Price Target of $232, 99% above today's price. $150 ➡️ $200 D.A. Davidson Increased Price Target $169 Citi initiated a Price Target
Municipal bond investors remain unfazed by the Iran‑Israel‑U.S. conflict, viewing munis as a domestic safe‑haven despite rising oil prices and Treasury yields. New‑issue issuance dipped below $10 billion this week, yet demand stayed strong, with several deals oversubscribed. Transportation‑related credits, especially...
U.S. Bank appointed Alan Flanagan as head of its global investment services division, overseeing fund services, corporate trust, CLOs and alternative investments. Flanagan brings nearly two decades of experience from BNY Mellon, where he led client coverage for asset servicing....
The SPAC market is reviving as oil prices stay near $100 and geopolitical tensions keep supply tight, creating a sweet spot for alternative‑fuel producers. Renewable natural gas, ethanol and renewable diesel firms can charge commodity‑level prices while offering domestic, low‑carbon...
Private Capital Advisory (PCA) groups, which specialize in secondary transactions for limited partners and continuation funds for general partners, have become one of the fastest‑growing segments of investment banking. Deal volume in private‑equity secondaries has risen about 20% CAGR from...
The municipal bond market faces heightened credit stress in 2026, but actual bankruptcies remain uncommon. While the ratio of upgrades to downgrades tightens, sector‑specific risks are emerging in project finance, housing, and healthcare issuances. Chapter 9 remains limited to municipalities, with...
Kraken has suspended its planned initial public offering after filing a draft S‑1 in November 2025 that targeted a $20 billion valuation. The decision reflects broader market headwinds that have made crypto‑focused IPOs increasingly risky. While the exchange had been exploring...
UBS has finished migrating roughly 1.2 million former Credit Suisse clients onto its own platforms, marking a pivotal step in the three‑year integration that began after the 2023 rescue acquisition. The bank now enters the final integration phase, focusing on decommissioning...
The Delaware Supreme Court affirmed the Delaware Chancery Court’s ruling that the standard three‑year statute of limitations applies to fiduciary‑duty claims arising from de‑SPAC transactions. The court applied Delaware’s long‑standing occurrence rule, holding that the limitations clock starts when the...
The European Investment Bank has granted a €100 million project‑finance loan to Dolmen Solar Ltd, a Power Capital holding, to build four utility‑scale solar farms in Ireland. The €260 million investment will deliver 395 MWp of capacity, generate 367 GWh a year and create...
In this episode of the Private Equity Funcast, co‑founder Ryan Milligan walks through the end‑to‑end process of buying a company, from sourcing deals to closing them. He explains how deal sourcing has evolved from simple phone calls in the 70s...
Catastrophe bond issuance in the first quarter of 2026 is projected between $6.34 billion and $6.54 billion, making it the second‑largest Q1 on record. February 2026 already broke the $2 billion threshold and March is on track to exceed $3 billion, setting new monthly...
India Biggest IPO JIO IPO is coming soon.. IPO DRHP most probably will file in March. So, be ready for India's biggest IPO. #ipo #ipoalert #jio
Good read on Biopharma M&A by RBC , little mention to Betaville, Bloomberg, FT , oand ofc the standout $RVMD Our biopharma team is out with an M&A discussion piece - given the importance of M&A to the sector, it is...
Guardian Metal Resources (GMTL) filed an IPO deck outlining its strategy to explore and develop tungsten and polymetallic critical‑mineral projects in Nevada. The company positions tungsten as essential to U.S. national and economic security, leveraging recent policy focus on domestic...
McEwen Copper $MUX plans $300M IPO to finance Argentina project, executive says 📈📈https://t.co/fhxIiLErgw via @KitcoNewsNOW
No drama here. @SilverVarden's merger with Contango just got the green light from shareholders. What changes now? JV breaks it down: https://t.co/Pn3csAb89P
Deutsche Bank chief Christian Sewing cautioned that first‑quarter 2026 trading revenue will likely fall, leaving overall investment‑banking revenue flat year‑on‑year. He added that private‑credit concerns remain noisy but non‑systemic, and the bank is poised to benefit from the Commerzbank takeover...
The White House, Oracle and Silver Lake won't answer questions about a $10 billion payment that was apparently required to secure the TikTok sale. It's unprecedented. And officially undisclosed. U.S. investors and biz leaders should want answers. https://t.co/Y0n8MTHFKa
RBC: Revolution, Xenon, Arrowhead among top #biotech takeover targets https://t.co/h1toH9szrU by @realJacobBell $ARWR $XENE $RVMD $DYNE
Drone software developer Swarmer completed a high‑profile IPO, attracting a consortium of UK investors. This group—including Theseus Capital Partners, D3 Venture Capital, Green Flag Ventures, R‑G AI and Radius Capital Ventures—now holds combined shares valued at $177 million. The IPO underscores...
EIB to finance 290MW solar PV and 350MW BESS Italian portfolio #energysky -- via pv-tech: https://t.co/ivC4mfMTQa
If Bill Dudley still confuses First Brands and Tricolor with private credit, literally six months after all market participants realized they were in the broadly syndicated loan and asset backed finance markets, then what hope do regular people have? https://t.co/aA33Nc1928
Capital Tankers Corp. debuted on Euronext Growth Oslo after a NOK 4.8 billion private placement, the largest western shipping listing in two decades. The company issued 131.05 million shares, with a greenshoe option to raise the total to 135.7 million. At market open the...
$OSUR is a cash box with a diagnostic business attached. Altai Capital is pushing for a full strategic review/sale. Activist has also nominated two directors for the upcoming AGM. Altai's SOPT in the screenshot. https://t.co/tAJzNe8cMy
While credit markets are open to many companies, they're starting to close for others. Qualtrics, which makes online survey tools, had to ice a $5.3 billion loan and bond deal due to lack of investor appetite. https://t.co/DE0BfMnHYT
Singapore’s leading buyout firm has opened its first overseas office in Hong Kong, marking a strategic push beyond its domestic market. The new location will support investment‑related activities and enhance investor‑relations capabilities across the region. By establishing a foothold in...
Meiwu Technology Co Ltd announced a registered direct offering of 6,999,996 ordinary shares at $2.00 per share, generating roughly $14 million in gross proceeds. The deal also includes warrants for an equal number of shares, exercisable at $2.00 within one year....
Despite the Middle East war, European securitisation issuance has remained remarkably active, excluding BSL CLOs. The conflict has nearly halted corporate lending markets, yet consumer‑focused asset classes show no systemic disruption. Pricing discipline has tightened and execution windows are more...
Regulatory reforms in Italy are set to clarify the legal framework for financing data‑centre projects, addressing long‑standing ambiguities in mortgage enforcement and securitisation structures. The country’s data‑centre market is projected to double its capacity within five years, driven by hyperscale...
Debevoise released a practical guide on special committees in conflict transactions, detailing when to form them, member selection, and operational protocols. A key focus is the appointment of legal and financial advisors, emphasizing that the committee—not the company—must independently choose...
Companies planning IPOs increasingly hire independent advisers to oversee underwriting and pricing. A new working paper covering U.S. and European IPOs from 2010‑2023 finds that adviser involvement correlates with lower first‑day returns and tighter offer‑price adjustments, without affecting underwriting spreads...
