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.
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The board of directors of French digital video specialist Technicolor has backed a plan for US bank JPMorgan Chase to take a stake of up to 29.96 percent over a rival offer from private equity firm Vector Capital, writes Reuters. Technicolor added that Vector’s plan to buy as much as 30 percent of the French [...]
Eric Fornell has joined Wells Fargo Securities, part of Wells Fargo & Co., as Vice Chairman in the energy and power sector of its Investment Banking and Capital Markets division. He is based in New York and reports jointly to Rob Engel and Jonathan Weiss, co-heads of Investment Banking and Capital Markets. Most recently, Fornell [...]
Open Range Communications, a provider of high speed Internet access to rural areas in 17 states, has filed for bankruptcy protection after failing to secure further funding. The Greenwood Village, Colo.-based company, which received a $267 million loan in 2009 from the U.S. Department of Agriculture, as well as $100 million from JPMorgan Chase & [...]
American Express, JPMorgan Chase and Citi joined together to provide Rearden Commerce, the e-retailer with $133 million in development capital, some of which was used to acquire HomeRun.com, a daily deals site. Specifics of the acquisition were not publicized. Other Rearden include Vinod Khosla and Oak Investment Partners.
Christopher O’Connor is joining Perella Weinberg Partners as a partner in its corporate advisory group. O’Connor will be based in New York and focus on healthcare. He was previously an MD at JPMorgan Chase, where he also advised on healthcare.
One Equity Partners, a private equity unit of JPMorgan Chase & Co., will pour $200 million into China over the next three years, and has partnered with conglomerate Beijing Capital Group to identify potential investments, Reuters reported Wednesday. Separately, Beijing Capital has launched a yuan-denominated private equity fund worth $150 million, and backed by Lexington Investment and an unnamed Middle Eastern sovereign wealth fund.
NEW YORK–A Delaware ruling last month accusing a large investment bank, Barclays Capital, of conflicts of interest is already driving some business to boutique firms. Just a day after the ruling, a client told Evercore Partners it wanted the 15-year-old boutique to be the lead adviser on a transaction. The client wanted a bank that [...]
JPMorgan Chase & Co. has raised $1.22 billion for a new fund, J.P. Morgan Digital Growth Fund LP, that will focus on social media investments, Reuters reported, citing an article from the New York Times.
JPMorgan Chase reported increased profits today but headcount and compensation at the bank’s corporate/PE unit both dropped.
Today, JPMorgan Chase reported that third-quarter profits surged 23% to $4.42 billion, or $1.01 a share, compared with $3.55 billion or 82 cents a share for the same time period in 2009. The bank said it added 16,000 workers in the past year, bringing its ranks to almost 237,000 globally.