Goldman Sachs Group Inc. is reportedly planning to cut up to 1,800 jobs, representing about 3% to 4% of its global workforce, following its annual performance review process. The job cuts, which are set to affect between 1,300 and 1,800 employees, are part of the investment bank’s routine efforts to manage costs and optimize its […]
Texas State Bankshares, Inc., the parent company of Texas Regional Bank (TRB), has finalized its acquisition of Dallas-based investment banking firm Estrada Hinojosa & Company, Inc. The deal will see Estrada Hinojosa operate under the newly branded TRB Capital Markets, LLC, marking a significant expansion for TRB. This acquisition brings over 50 new employees to […]
Panmure Liberum, a prominent UK investment banking firm, has officially announced significant expansions in its service offerings and leadership structure, marking a new era in its growth ambitions. This strategic move includes the introduction of two new product areas—Debt Advisory and specialized Private Capital—and the confirmation of its Senior Executive Team and Department Heads. The […]
Brown Gibbons Lang & Company (BGL), a prominent investment banking firm, has facilitated a strategic investment by San Francisco Equity Partners (SFEP) into Sales Concepts, Inc. and Donovan Food Brokerage. This investment has led to the creation of Xceed Foodservice Group, aiming to strengthen its position within the $1 trillion U.S. foodservice industry. The deal […]
Piper Sandler Companies (NYSE: PIPR), a prominent investment banking firm, has announced a definitive agreement to acquire Aviditi Advisors, a leading alternative investment bank. This acquisition is set to significantly bolster Piper Sandler’s capabilities in private capital advisory, aligning with its strategic expansion goals. Details of the Acquisition Under the terms of the agreement, Aviditi […]
Jefferies Financial Group Inc. (NYSE: JEF), in line with its vision to become the premier independent global Investment Banking and Capital Markets firm, has entered into an agreement for the sale of OpNet S.p.A’s operations to Wind Tre S.p.A, a subsidiary of CK Hutchison Group Telecom Holdings Ltd. (CKHGT). This significant transaction, valued at €485 […]
TD Bank Group has completed the previously announced $1.3 billion acquisition of Cowen, an American investment banking company listed on Nasdaq. The all-cash deal was announced by the Canadian banking group in August 2022 in an effort to expand its investment banking business and capabilities in the US. According to TD Bank Group, the acquisition […]
Freedom Holding Corp., an American company providing financial services, has signed a binding agreement to purchase Maxim Group LLC and its registered investment advisory (RIA) affiliate Maxim Financial Advisors in a cash and stock transaction valued at up to $400 million. The consideration includes deferred payments along with retention incentives. Based in New York, Maxim […]
Investment bank Piper Sandler Companies has wrapped up the acquisition of San Francisco-based technology investment banking firm DBO Partners for undisclosed sum. Established in 2012, DBO Partners has carried out several complex merger and acquisitions (M&A) and capital raising transactions for its clients in software, security, engineering, semiconductors & infrastructure and emerging technology, among others. […]
Toronto-Dominion Bank (TD Bank Group) has agreed to acquire Cowen Inc., a publicly-listed American investment banking company, in an all-cash deal worth $1.3 billion or $39 per share. The deal enables the Canadian banking group to grow its investment banking business and capabilities in the US. Bharat Masrani — TD Bank Group President and CEO […]