Reuters – Evonik Owners Say to Place More Shares Ahead of Listing

Investment banks Deutsche Bank and Mainfirst are placing up to 2 percent in German chemical company Evonik at a fixed price of 32.20 per share, writes Reuters. The shares will be sold exclusively to institutional investors ahead of a public listing planned for Thursday in a private placement on behalf of the RAG foundation, a public-sector trust that will bear the liabilities of Germany’s wound-down coal mines, and private equity group CVC.

Birchenough Jumps to Deutsche Bank from Credit Suisse

Don Birchenough is joining Deutsche Bank as a Managing Director and Americas Head of Media and Telecom Mergers & Acquisitions. He joins from Credit Suisse where he was most recently Co-Head of the Technology, Media and Telecom M&A group in the Americas.

Reuters – KKR Hires Deutsche Bank’s Raposio

US buyout firm KKR has hired Deutsche Bank‘s Diane Raposio as a director to work in its client coverage and capital markets teams in Australia, writes Reuters. The hire comes as private equity firms around Asia are expanding their debt product teams to fill a gap left by retreating European banks.

Deutsche Bank Secondaries Opportunities Fund II Collects $614 Mln

DB Private Equity & Private Markets said Monday that its DB Secondary Opportunities Fund II has raised $614 million. The target of DB SOF II was $500 million. New and existing investors include insurance companies, public and corporate pension plans and family offices across the Americas, EMEA and Asia Pacific. DB SOF II will buy private equity fund interests in the secondary market globally. DB Private Equity & Private Markets is the private markets unit of Deutsche Bank Asset & Wealth Management.

Reuters – Quintiles Mulls IPO

Quintiles Transnational Corp, a provider of contract research for the pharmaceutical and biotechnology industries, is speaking to banks about a potential initial public offering, writes Reuters. JPMorgan Chase and Deutsche Bank are among the banks vying for a role, writes Reuters.

Reuters – BC Partners sells Brenntag stake

BC Partners has started the placement of 6.9 million shares in German chemicals distributor Brenntag, writes Reuters. The share placement is organised by Goldman Sachs and Deutsche Bank. (Reuters) – Financial investor BC Partners has started the placement of 6.9 million shares in German chemicals distributor Brenntag, two people familiar with the matter told Reuters […]

Cohrs Becomes Advisor to EQT

Michael Cohrs has become an advisor to Northern European private equity firm EQT and EQT Partners. Cohrs was previously member of the management board at Deutsche Bank and is also a member of the Interim Financial Policy Committee (and the Court) of the Bank of England. PRESS RELEASE Michael Cohrs has agreed to become an […]

Carlyle adds 18 new underwriters to IPO

Private equity firm Carlyle Group filed with US regulators to add 18 underwriters to the list of managers of its proposed initial public offering, writes Reuters. The company added Barclays Capital, Goldman Sachs, Morgan Stanley, Deutsche Bank, BoFA Merrill Lynch, UBS and 12 others to its underwriters for the IPO. Reuters – Private equity firm […]

Demandware IPO Raises $88 Mln

Demandware said late Wednesday that it priced its IPO at 5.5 million shares at $16 each. The company is expected to begin trading on NYSE under the ticker “DWRE.” Underwriters on the deal have the option to buy another 825,000 shares. Goldman Sachs and Deutsche Bank are joint-book runners on the deal. PRESS RELEASE Demandware, […]

Bunzel Joins Deutsche Bank from Credit Suisse

Jeffrey Bunzel is joining Deutsche Bank’s equity capital markets group as an MD and head of equity capital markets for the Americas. He will be based in New York. Bunzel will also become a member of the bank’s corporate and investment banking americas executive committee. Bunzel joins from Credit Suisse, where he most recently served […]

Deutsche Bank Considers Sale of Asset Management Unit

Deutsche Bank said Tuesday that it is conducting a review of its global asset management business.

This, of course, means that DB is considering selling its asset management business. A DB spokeswoman says all options are being considered for the business, including a sale or retaining some of the businesses. The review excludes DWS’ franchise in Germany, Europe and Asia. But DWS Americas is part of the review, the DB spokeswoman says.

What else is included –and could be up for grabs –are RREEF Alternatives, DB Advisors and Deutsche Insurance Asset Management.

PEHUB Community

Join the 12505 members of peHUB to make connections, share your opinion, and follow your favorite authors.

Join the Community

Look Who’s Tweeting

PE HUB News Briefs

RSS Feed Widget

VCJ Headlines (subscribers only)

RSS Feed Widget

Buyouts Headlines (subscribers only)

RSS Feed Widget

Reuters VC and PE feed

RSS Feed Widget