The fortunes managed by the New York financial giant’s private bank for clients from the region jumped to about $220 billion from $180 billion in April 2023, as more customers decided to put their money to work abroad, with the majority coming from wealthy Mexican investors.
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THE LATEST NEWS ON MERGERS & ACQUISITIONS, CAPITAL MARKETS AND TECH TRENDS
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    JPMorgan takes in $60B from

    rich Latin American clients

    The fortunes managed by the New York financial giant’s private bank for clients from the region jumped to about $220 billion from $180 billion in April 2023, as more customers decided to put their money to work abroad, with the majority coming from wealthy Mexican investors. Read here

      Silver Lake eyes majority stake in Intel’s $9B Altera

      The California-headquartered private equity firm is in exclusive negotiations to acquire shares in Intel’s programmable chip business, in a deal that could value the unit at approximately $9 billion. Read here

      PHOTO: SILVER LAKE

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      GTCR raises $3.6B for second strategic fund

      The Chicago-based private equity firm closed its second strategic growth fund with funding mostly from existing investors, surpassing its $2.75 billion target and boosting its firepower for smaller buyouts. Read here

      PHOTO: GTCR

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      NEWS WORTH NOTING

      Google pulls Gemini from main search app on iOS 

      The California-based search giant is pulling its AI assistant from the main Google app to encourage users to download the standalone app instead and directly compete with rival AI chatbots like ChatGPT. Read here

      PHOTO: GOOGLE

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      DEALS ROUNDUP

      • Neuberger Berman raises $1.6B for Specialty Finance Fund III 
      • Saronic secures $600M to mass-produce autonomous warships
      • Lambda completes $480M in Series D led by Andra and SGW
      • After raising $1B, fintech Varo closes another $29M round 
      • Tapestry to sell Stuart Weitzman footwear brand for $105M
      • VitalConnect snags $100M to accelerate biosensor expansion 
      • Augury receives $75M at $1B valuation to fuel innovation
      • JetBlue still in talks with multiple airlines for partnership
      • Baseten nabs $75M in Series C to support product expansion
      • Sanas gets $65M Series B for speech understanding platform

        INTERNATIONAL MARKETS

        Mitsui to buy $5.3B stake

        in Rio Tinto iron ore project

        The Japanese trading house is set to acquire a 40% stake in the Rhodes Ridge iron ore project in Western Australia, in a move to strengthen its long-term earnings base. Read here

        KKR offers Thames Water $5B for majority stake

        The New York-based private equity group has proposed to take a dominant interest in Britain’s largest water and wastewater services provider. Read here

        KKR wins control of $4.4B Fuji Soft after Bain clash

        The New York buyout firm has secured enough shares of the Japanese software company to take it private, formally ending a bidding war against the Boston-based firm. Read here

          Haier to acquire 42% stake in Autohome for $1.8B

          The Hong Kong-listed online portal’s controlling shareholder Yun Chen Capital Cayman has agreed to sell its stake to a unit of the Chinese electronics manufacturer. Read here

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