Payward Raises $200M to Expand Crypto Services Globally
Payward, the parent of one of the world’s largest crypto exchanges, closed a $200 million financing round to accelerate its global growth. The funds will be allocated to upgrading infrastructure, bolstering cybersecurity, and launching advanced trading tools. Payward also plans to expand into Western and Eastern Europe, Asia, and fast‑adopting emerging markets while strengthening regulatory compliance. Industry analysts see the capital as a catalyst for strategic partnerships and possible acquisitions.
JetBlue Rumors? Now American? What a United Mega-Merger Would Mean
United Airlines is reportedly weighing two mega‑merger options—first a partnership‑turned‑potential deal with JetBlue, now a more ambitious tie‑up with American Airlines. A United‑American combination would create the world’s largest carrier by capacity and revenue, commanding roughly 40% of the domestic...
Globalstar Stock Rises on Amazon Takeover. The Impact on AST SpaceMobile and Iridium.
Amazon announced a takeover of Globalstar, offering $90 per share in cash or Amazon stock at a 0.3210‑to‑1 ratio, capped at $90. The proposal values Globalstar at roughly $3.5 billion and sent its stock up 9.2%, while Amazon rose 4.0%. Competitor...
Would A United, American Airlines Merger Shake Up The Airline Industry?
United Airlines CEO Scott Kirby pitched a merger with American Airlines during a February meeting with former President Donald Trump, sparking speculation that the two carriers could form the largest U.S. airline by fleet size. The report sent United, American...
Trinity and UBS Secure $600M Refi for Diplomat Resort in South Florida
Trinity Investments and UBS have refinanced the 1,000‑room Diplomat Beach Resort in Hollywood, Florida with a $600 million loan led by J.P. Morgan Chase ($420 million) and Citi ($180 million). The new mortgage pushes total debt to $600 million, up $148 million from the prior...
Adriana Schwartz Joins Seward Kissel as Partner
Seward & Kissel announced the addition of Adriana Schwartz as a partner in its investment‑management group. Schwartz will focus on securities law, handling regulatory and compliance matters for passive and activist investors, especially Section 13(d) and Section 16 reporting. Her practice also...
Switch Secures $768 Million in ABS Funding
Switch Inc. closed a $768 million asset‑backed securities (ABS) offering, Series 2026‑1, backed by its 1.4 million‑square‑foot, 52 MW data center in Reno, Nevada. The proceeds will be used to repay existing debt and fund general corporate purposes. This transaction marks Switch’s fifth ABS...
Newmark Hires Ex-Citigroup Director Philip O’Bannon to Expand Data Center Investment
Newmark has appointed former Citigroup director Philip O’Bannon as senior managing director to lead its infrastructure capital markets unit. O’Bannon, who brings more than 20 years of investment‑banking and engineering experience, will focus on data centers, energy‑transition assets, power, utilities...
Metrobank Raises P35 Billion via Asean Bonds
Metrobank listed P35 billion (about $625 million) of ASEAN Sustainability Bonds, its largest peso‑denominated issuance. The 1.5‑year Series F bonds carry a 5.4727% fixed coupon and attracted orders roughly seven times the P5 billion base amount, prompting an early close of the offer. Proceeds...
Serbian NIS Deal Faces Uncertainty After Hungarian Election
Hungarian oil giant Mol remains interested in buying the controlling stake in Serbia’s state oil firm NIS, currently owned by Russia’s Gazprom and Gazprom Neft. The deal was already under discussion before Hungary’s parliamentary election. The opposition Tisza party’s victory has...
Revolution Medicines Leads Latest Wave of Stock Offerings, Totaling $1.5B
Revolution Medicines anchored a fresh wave of biotech equity offerings on Monday, helping to lift total capital raised to roughly $1.5 billion. The offering round also included Spyre Therapeutics and Allogene Therapeutics, each filing separate share sales. Proceeds are earmarked for...
Instacart Acquires Instaleap to Expand Its Enterprise Platform Internationally
Instacart announced the acquisition of Colombia‑based grocery‑tech firm Instaleap, a move aimed at extending its enterprise platform beyond North America. Instaleap, founded in 2019, provides a fulfillment‑solutions platform used by retailers in roughly 30 countries across Latin America, Europe and...
Five Jewellery Firms Defer IPO Plans as Market Conditions Turn Bearish
Five Indian jewellery companies—Lalithaa Jewellery Mart, Augmont Enterprises, Priority Jewels, Shankesh Jewellers and Sunil Gold—have postponed IPOs totaling roughly ₹3,840 crore (about $460 million) as primary‑market sentiment turns bearish. The firms cite a mismatch between promoter valuation expectations and investor appetite, coupled...
JPMorgan Slams Rules that Would Spur $20 Billion Capital Hike
JPMorgan Chase warned that new Basel III endgame proposals would force it to hold about $20 billion more capital, a roughly 4 % increase in its capital ratio. The bank’s CFO Jeremy Barnum called the G‑SIB surcharge “miscalibrated,” saying it would lock up...
Covenant Trends – 4/13/2026
Covenant Trends released its weekly snapshot of first‑lien institutional loan market conditions on April 13, 2026. The data show average new‑issue clearing spreads for Single‑B rated loans narrowing to roughly 165 basis points, a 5‑bp improvement from the prior week....
Adams Street Closes $7.5bn Private Credit Fund as Strategy Assets Reach $15bn
Adams Street closed a $7.5 billion private‑credit fund, pushing its strategy’s assets under management to $15 billion. Leonard Green is close to a $3 billion buyout of construction consultancy Cumming Group, while Thoma Bravo is merging HCSS with Nemetschek Build & Construct to create a global construction‑tech platform....
LPL’s Latest Deal? Buying Advisors From Mariner It Already Works With
LPL Financial announced it will purchase part of the Mariner Advisor Network, encompassing 367 independent advisors who collectively manage about $31 billion in assets. The deal includes 144 hybrid advisors moving to LPL’s Private Advisor Group model while 223 remain directly...
Convex Targets $200m of Retrocession with Its Fourth Hypatia Catastrophe Bond
Convex Group is launching its fourth catastrophe bond through Bermuda‑based Hypatia Ltd., aiming to raise at least $200 million of retrocession. The Series 2026‑1 bond will provide aggregate industry‑loss‑triggered protection for U.S. hurricane and earthquake risks, with an attachment point of $150 billion...
Amazon Makes Globalstar Deal Official, Shakes Up Satellite Sector
Amazon announced the acquisition of Globalstar for $11.57 billion, aiming to broaden its Leo satellite constellation and challenge SpaceX’s Starlink. The news lifted Amazon’s shares 2.7% to $246.33 and sent Globalstar stock up 10.2% to $80.30. Options activity surged, with call...
Lilly Wants to Bridge Cancer Care Gap with $300M ADC Biotech Buy
Eli Lilly announced an acquisition of Houston‑based CrossBridge Bio, offering up to $300 million in cash and performance‑based biobucks. The early‑stage biotech is developing a dual‑payload antibody‑drug conjugate, CBB‑120, that targets the TROP2 protein found in many solid tumors. CrossBridge plans to...
Adams Street Partners Holds $7.5bn Final Close
Adams Street Partners announced the final close of its third private credit platform, securing $7.5 bn in commitments. The fund will focus on senior financing for sponsored mid‑market companies across the United States and Europe. By targeting senior debt, the platform...
AIP to Take Medtech Firm Avanos Medical Private
AIP, a private‑equity firm, announced plans to take Avanos Medical private at an estimated $1.272 billion valuation. The deal will remove Avanos from public markets, giving AIP full control over its medtech portfolio. Avanos, known for innovative airway and vascular devices,...
AppDirect Acquires PartnerStack to Build Unified Platform for Partner-Led Growth
San Francisco‑based AppDirect announced the acquisition of Toronto‑originated PartnerStack, a partner relationship management platform with more than 138,000 B2B partners. The deal, whose financial terms were not disclosed, will merge PartnerStack’s network and PRM tools with AppDirect’s marketplace infrastructure to...
Equinor Sells 8.07% Stake in Scatec for $169m
Equinor sold an 8.07% stake in Norwegian renewable developer Scatec for roughly $168.5 million, pricing shares at Nkr 125 ($13.16) each. After the transaction the oil major retains an 8.05% holding subject to a 90‑day lock‑up. Equinor first invested in Scatec in...
Turner Mining Group Taps Wingspire Equipment Finance for Fleet Expansion Plans
Turner Mining Group has secured a structured equipment financing facility with Wingspire Equipment Finance worth up to $150 million. An initial $20 million tranche is being used to acquire a mobile mining fleet for the GRP Pan Gold Mine in Nevada, with...
Austin to Sell $1.18 Billion of Revenue Bonds for Airport Expansion
Austin is issuing $1.18 billion in revenue bonds, the largest ever for its airport, to fund a $5.5 billion expansion program. The issuance splits into $874.6 million of AMT bonds and $306.35 million of non‑AMT debt, all rated A1/A+/AA‑ with stable outlooks. The plan...
Eni Completes Acea Acquisitions
Eni’s renewables arm Plenitude completed the purchase of Acea Energia and a 50% stake in Umbria Energy, adding roughly 1.2 million electricity and gas customers and bringing its total retail base to over 11 million. The transaction was priced at €500 million (≈$590 million)...
Telegraph Takeover by German Buyer Cleared by Culture Secretary
The UK culture secretary has cleared Axel Springer’s £575 million (≈ $735 million) takeover of the Telegraph, ending nearly three years of ownership uncertainty. The deal still requires regulatory sign‑off in Ireland and Austria but is slated for completion by the end of June....
Golden Goose Looks to Bond Sale to Fund Private Equity Buyout
Golden Goose Group is marketing an €880 million ($1.04 billion) bond issuance to finance its acquisition by Chinese private‑equity firm HSG. The offering includes seven‑year fixed‑rate notes yielding in the mid‑to‑high 6% range and floating‑rate notes priced at Euribor + 400‑425 bps, with a minimum...
JPMorgan’s Markets and Investment Banking Revenue Surge, but Here’s Why T...
JPMorgan Chase reported first‑quarter earnings that beat analysts’ expectations, propelled by record market‑making revenue and higher investment‑banking fees amid heightened volatility from the Iran conflict. CEO Jamie Dimon attributed the performance to sustained economic growth, consumer spending, stimulus measures and...
Analyst Report: Goldman Sachs Group Inc/The
Goldman Sachs reported a continued surge in capital markets revenue, reinforcing its position as a leading investment bank. The firm’s 2022 restructuring into Asset & Wealth Management, Global Banking & Markets, and Platform Solutions is now delivering higher profitability across...
R26369 - EMS Issuer Services Advisor Trainee
Euronext is hiring an EMS Issuer Services Advisor Trainee in Dublin to manage issuer data, market notices, and corporate actions across its cash and markets platforms. The role involves daily updates of referential data, editing admission notices for a range...
A&o Secures £761m Refinancing to Pave Way for Ambitious Growth Plans
European hostel operator a&o Hostels has secured a €874 million (≈ $952 million) refinancing facility from Apollo‑managed funds, replacing its prior loan. The new senior multi‑year loan is collateralised by its portfolio of 44 hostels in 32 cities and funds the second €500 million...
Barclays and Deutsche Most at Risk to Private Credit ‘Profit Blow’
Barclays and Deutsche Bank are among the European banks most exposed to the private‑credit market, with roughly £20bn (~$25bn) and €25.9bn (~$28bn) of loans tied to the sector, representing 4.4% and just over 5% of their total loan books respectively....
5 Space Stocks Already Climbing Ahead of the SpaceX IPO
SpaceX filed a confidential registration on April 1, seeking a $1.75 trillion valuation and roughly $75 billion in proceeds, with a June Nasdaq debut on the horizon. MarketBeat analyst Thomas Hughes argues the IPO will set a pricing benchmark that legitimizes commercial space...
UK Regulators Open Inquiry Into Paramount/WBD Transaction
The UK Competition and Markets Authority has opened an inquiry into Paramount's proposed $31‑per‑share acquisition of Warner Bros. Discovery. The CMA is seeking comments from interested parties, with written submissions due by April 27, 2026, before deciding whether to launch...
Invel Secures €65m UniCredit Facility for Italian Hybrid Hospitality Growth
Invel has secured a €65 million (approximately $70 million) credit facility from UniCredit to fund its hybrid hospitality expansion in Italy. The financing underpins a joint venture with YellowSquare slated for a 2025 market launch. The loan will be used to develop...
Diana Turns up Heat on Genco with Shareholder Offensive
Diana Shipping has escalated its bid for Genco Shipping & Trading to a direct shareholder appeal, offering $23.50 per share – a 31% premium to the undisturbed price – backed by $1.433 bn of committed financing. The Greek owner accuses Genco’s...
Apac (Ex Japan) Investment Banking Fees Fell 5% in Q1 as ECM Fees Grew 62%: LSEG
LSEG data shows APAC (ex‑Japan) investment‑banking fees fell 5% YoY to $5.3 billion in Q1 2026. Despite the decline, equity capital markets (ECM) fees surged 62%, driven by Hong Kong activity. Conversely, M&A fees plunged 47% across the region. The mixed results highlight...
M&A Boom in Japan Is Fuelling Record Corporate Bond Sales
Japan's corporate bond market is set to break records as M&A activity drives unprecedented funding demand. Yen‑denominated issuance surged 94% year‑over‑year in March, and Daiwa estimates total sales will reach ¥16.5 trillion (about $110 billion) this fiscal year, up from ¥15.9 trillion last...
Amazon Nears Deal for Globalstar in Push to Rival Musk’s Starlink
Amazon.com Inc. is in advanced talks to acquire satellite operator Globalstar Inc., a move that would accelerate its Project Kuiper satellite broadband rollout. The deal, expected to be announced as early as Tuesday, would give Amazon access to Globalstar’s low‑Earth‑orbit...
Nodwin Gaming Eyes IPO Momentum, Inducts Manish Agarwal to Board
Nodwin Gaming, the esports subsidiary of Nazara Technologies, is gearing up for an IPO within the next two to three years and is seeking to raise more than $100 million in a pre‑IPO round. The firm has appointed former Nazara CEO...
United CEO Has Pitched Possible Combination with Rival American
United Airlines CEO Scott Kirby has floated a possible merger with rival American Airlines, a deal that would create the world’s largest carrier and combine more than a third of the U.S. domestic market. Kirby, a former American executive, raised...
Goldman Extends Borrowing Run with $6.5 Billion Bond Sale
Goldman Sachs raised $6.5 billion through a two‑tranche U.S. investment‑grade bond sale, extending a borrowing run that began with a record $16 billion offering earlier this year. Pricing tightened by roughly 0.25 percentage point, leaving the 2034 tranche at a 1 % spread over...
Rumor Fact(ory): DistroKid Explores $2B Sale
DistroKid, the DIY digital music distributor that claims to handle roughly 40% of new releases and serves over two million artists, is reportedly exploring a sale valued at $2 billion. The company’s last disclosed valuation was $1.3 billion in a 2021 funding...
Stryker to Acquire Amplitude Vascular Systems for Peripheral Vascular Portfolio
Stryker has signed a definitive agreement to acquire Amplitude Vascular Systems, bringing the latter’s intravascular lithotripsy (IVL) technology into its peripheral vascular portfolio. Amplitude’s CO₂‑generated pressure‑wave balloon catheter targets heavily calcified arteries, promising faster, more efficient revascularization. The companies will...
BluGlass Completes Upsized AUS$8m Two-Tranche Placement
BluGlass Ltd secured an upsized AUS$8 million (≈US$5.3 million) two‑tranche placement at AUS$0.24 per share, adding a free‑attaching option exercisable at AUS$0.38 until May 2028. The raise includes a AUS$2.3 million cornerstone from the board, with executive chair Omer Granit committing AUS$2 million (≈US$1.3 million). Proceeds...
Secondaries Trading Platform Plans Personal NAV Loans
A leading secondary‑market trading platform announced plans to launch personal net‑asset‑value (NAV) loans for wealth‑management clients. The product will let high‑net‑worth investors borrow against the value of their private‑fund stakes, providing liquidity without forced sales. Over time the platform intends...
Sysco Bets Big on Cash-and-Carry With $29 Billion Restaurant Depot Acquisition
Sysco announced a $29 billion acquisition of Restaurant Depot, the nation’s leading cash‑and‑carry warehouse for independent restaurants. The deal combines Sysco’s delivery‑centric distribution network with Depot’s 160‑plus warehouse locations, expanding Sysco’s reach to operators who prefer in‑person buying. Sysco estimates the...
Wise Eyes Nasdaq, Beats Earnings and Invades UK Banking All at Once
Wise reported a landmark month, confirming a Nasdaq listing, posting a 24% jump in Q4 revenue, and unveiling a UK current‑account product aimed at challengers like Monzo and Revolut. The fintech now serves roughly 15.6 million customers across more than 70...