Medow joins Lazard

Lazard Ltd. said Thursday that Eric Medow will join the firm as a Managing Director and Co-Head of Global Technology, Media and Telecommunications, Financial Advisory, effective immediately. Medow joins Lazard from Citigroup, where he served as Head of the Global Telecommunications Group since 2011 and as Co-Head of the North American Communications Group since 2005.


Sumitomo Mitsui Banking to buy GE’s European Sponsor Finance for $2.2 bln

GE said Tuesday that it has agreed to sell its European Sponsor Finance business to Sumitomo Mitsui Banking Corp. Europe Ltd., a  subsidiary of Sumitomo Mitsui Banking Corp., for about $2.2 billion. The GE business provides sponsor finance for European mid-market private equity deals. GE Capital is keeping its $1 billion investment in the European Senior Secured Loan Programme and European Loan Programme, both joint ventures between GE Capital and Ares Capital. The deal is expected to close in third quarter. Bank of America Merrill Lynch and Citigroup Global Markets advised GE.


Fortress-owned FTAI debuts IPO

Fortress Transportation and Infrastructure Investors LLC, which owns and acquires transportation-related infrastructure and equipment, has raised $34 million for its IPO after pricing its 20 million shares at $17 per share. The stock began trading Friday on the NYSE under the ticker symbol “FTAI.” Citigroup Global Markets Inc., BofA Merrill Lynch, Barclays Capital Inc, Deutsche Bank Securities Inc and UBS Securities LLC are the lead underwriters. FTAI is owned by Fortress Investment Group.


PeerIQ expands team with new addition

New York City-based financial information services company PeerIQ has hired Deepak Agnani as head of financial products. Previously, Agnani worked at Markit where he served as head of U.S. indices. PeerIQ is backed by Uprising; John Mack, former chairman and CEO of Morgan Stanley; Vikram Pandit, former Citigroup CEO; Arthur Levitt, former SEC chairman; and Eric Schwartz, former co-CEO of Goldman Sachs Asset Management.


Carlyle closes CLO fund at about $610 million

The Carlyle Group has closed its second U.S. 2015 collateralized loan obligation fund at about $610 million. The CLO, which was arranged by Citigroup, will focus mostly on senior secured bank loans.

GE capital

GE limits bidders for sponsored finance business to 12

General Electric has sent out nondisclosure agreements (NDAs) to potential bidders of its sponsored finance business, which includes Antares, three sources said. The company is limiting the field to 12 interested buyers, sources said.


peHUB Second Opinion

In Second Opinion, Marco Rubio is the latest Republican senator to announce his 2016 presidential bid, Planet Labs grabs $118 mln in Series C funding and former Microsoft Office head DelBene returns to his job after helping fix Healthcare.gov.


PeerIQ scores $6 mln seed

New York City-based financial information services company PeerIQ has secured $6 million in seed funding. Uprising and John Mack, former chairman and CEO of Morgan Stanley, led the round with participation from other investors that included Vikram Pandit, former Citigroup CEO; Arthur Levitt, former SEC chairman; Dan Doctoroff, former CEO of Bloomberg LP; and Eric Schwartz, former co-CEO of Goldman Sachs Asset Management.


peHUB First Read

First Read kick-starts your morning with news of Google opening its first physical store in London, Univision prepares for an IPO and a jury orders “Blurred Lines” Pharrell and Robin Thicke to pay $7.3 million to Marvin Gaye’s family for copyright infringement.

Massey, van de Lubbe join Evercore

E. Thomas Massey and Marc van der Lubbe have joined Evercore’s investment banking business. Both executives are joining Evercore in May and will be based in London. Massey will be a senior MD and will lead Evercore’s Chemicals advisory franchise globally, while van der Lubbe will be an MD in the Chemicals Group focusing primarily on Europe. Massey was most recently Citgroup’s head of European M&A and van der Lubbe was an MD at Citi where he headed the investment banking franchise for the bank’s chemicals clients in the EMEA region.

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