(Reuters) – Shares of Evertec Inc. rose as much as 10 percent in their market debut, valuing the payment processor at $1.75 billion. Apollo Global Management LLC, which acquired it from Puerto Rican lender Popular Inc. in September 2010, held a 51 percent stake in the company prior to the IPO.
You are browsing the archive for JPMorgan Chase & Co. - peHUB.
The board of MGM, the Hollywood studio that exited bankruptcy in 2010, will discuss a long-awaited initial stock offering when it meets on March 18 amid indications that debt-holders who control the company may be nearing a decision to file, writes Reuters. MGM is being advised by Goldman Sachs Group and JPMorgan Chase & Co on a possible IPO, writes Reuters.
Human resources software company SilkRoad has selected JPMorgan Chase & Co and Piper Jaffray Cos to lead an initial public offering later this year, writes Reuters. Founded by serial entrepreneur Flip Filipowski in 2003, the company’s investors include Azure Capital Partners, Tenaya Capital and Foundation Capital.
This week peHUB is highlighting a handful of positions based in Boston, San Diego, New York and London.
Advanced Micro Devices has hired JPMorgan Chase & Co to explore options which could include a sale writes Reuters. Sources told Reuters on Tuesday that an outright sale of the company is not a priority, and other options for AMD could include a sale of its portfolio of patents.
A fund managed by JPMorgan Chase & Co. is pouring $400 million into India’s SKIL Infrastructure, sealing a stake of just under 20%, Reuters reported Tuesday. SKIL controls ship-builder Pipavav Defence and Offshore Engineering Ltd. The company plans to use the infusion to pay down debt, Reuters wrote.