Financial sponsor

ContextLogic Announces Agreement to Sell Substantially All Operating Assets and Liabilities Associated with Wish to Qoo10 for $173 Million in Cash

Retrieved on: 
Monday, February 12, 2024

The Board also intends to explore the opportunity for a financial sponsor to help ContextLogic realize the value of its tax assets.

Key Points: 
  • The Board also intends to explore the opportunity for a financial sponsor to help ContextLogic realize the value of its tax assets.
  • We evaluated a variety of potential outcomes and determined that the proposed sale of our operating assets and liabilities, while preserving significant NOLs, represents the best path forward to maximize value for shareholders.
  • Upon close, we expect the new Wish platform will have an improved customer experience through increased product assortment and merchant selection.
  • As part of the agreement, ContextLogic will begin trading under a new ticker symbol within 30 days of the closing of the transaction.

Jon Thackeray Promoted to Managing Director

Retrieved on: 
Tuesday, February 6, 2024

NEW YORK, Feb. 6, 2024 /PRNewswire/ -- JEGI CLARITY, a preeminent M&A advisory firm for the global media, marketing, information and technology industries, headquartered in New York, NY and London, UK, is pleased to announce that Jon Thackeray has been promoted to Managing Director.

Key Points: 
  • NEW YORK, Feb. 6, 2024 /PRNewswire/ -- JEGI CLARITY, a preeminent M&A advisory firm for the global media, marketing, information and technology industries, headquartered in New York, NY and London, UK, is pleased to announce that Jon Thackeray has been promoted to Managing Director.
  • Jon joined the firm four years ago and is based in the New York office.
  • Prior to joining JEGI CLARITY, Jon was a Director with Citi's Global Media and Communications investment banking team, where he worked for eight years.
  • Commenting on his promotion, Jon said, "I am very excited to continue working alongside our incredibly dedicated and talented senior leadership team.

Barclays appoints Michael Del Giudice as Chairman of Financial Sponsors Group

Retrieved on: 
Thursday, October 12, 2023

Barclays today announces the appointment of Michael Del Giudice as Chairman of Financial Sponsors Group.

Key Points: 
  • Barclays today announces the appointment of Michael Del Giudice as Chairman of Financial Sponsors Group.
  • Mr. Del Giudice will be based in New York and report to Jean-Francois Astier, Global Head of Financial Sponsors Group.
  • Mr. Del Giudice will work closely with Christian Oberle, who last month was announced as Head of Americas Financial Sponsors Group at Barclays, to further drive the bank’s strategy and coverage of financial sponsor clients.
  • Mr. Oberle joined Barclays from J.P. Morgan Chase & Co.
    “We are delighted to welcome Mike to Barclays and to our Financial Sponsors practice.

William Blair Continues Private Capital Advisory Expansion, Augments Leadership in Its Fund Placement and Advisory Practice

Retrieved on: 
Tuesday, September 26, 2023

Wallace and Williams join the firm in New York as managing directors and co-heads of Private Capital Advisory alongside Mike Custar , who joined William Blair in 2022 and leads the firm’s Secondary Advisory practice, including both GP- and LP-led secondary solutions.

Key Points: 
  • Wallace and Williams join the firm in New York as managing directors and co-heads of Private Capital Advisory alongside Mike Custar , who joined William Blair in 2022 and leads the firm’s Secondary Advisory practice, including both GP- and LP-led secondary solutions.
  • The addition of Wallace and Williams bolsters the firm’s fundraising capabilities, providing financial sponsors with a fully integrated, comprehensive Private Capital Advisory practice.
  • Before Credit Suisse, Wallace was at Lazard in the Private Capital Advisory Group, advising financial sponsors on primary, secondary, and direct transactions.
  • “William Blair is a world-class firm and the perfect platform to partner with in building a fully integrated private capital advisory business.”

BNP Paribas Appoints Scott Carter as Global Head of Investor Coverage

Retrieved on: 
Monday, September 18, 2023

BNP Paribas, Europe’s leading bank, announces the appointment of Scott Carter as Global Head of Investor Coverage.

Key Points: 
  • BNP Paribas, Europe’s leading bank, announces the appointment of Scott Carter as Global Head of Investor Coverage.
  • View the full release here: https://www.businesswire.com/news/home/20230918164709/en/
    Scott Carter, newly appointed Global Head of Investor Coverage at BNP Paribas (Photo: Business Wire)
    The Investors’ sector (consisting of Asset Managers, Hedge Funds, and Pension Funds) is one of the most dynamic institutional client segments, with significant opportunities for growth across the bank’s Global Markets and Securities Services activities.
  • BNP Paribas is well-positioned to provide comprehensive investor solutions that meet the evolving needs of institutional investors worldwide.
  • We welcome Scott to our management team and look forward to continuing working closely with all our investor clients together with our senior bankers in the US, EMEA, and APAC.”
    Scott recently joined BNP Paribas in September 2023 as Global Head of Investor Coverage.

Barclays Appoints Two New Senior Hires Into Its Financial Sponsors Group

Retrieved on: 
Thursday, September 14, 2023

Barclays today announces the appointment of Christian Oberle as Head of Americas Financial Sponsors Group.

Key Points: 
  • Barclays today announces the appointment of Christian Oberle as Head of Americas Financial Sponsors Group.
  • Mr. Oberle will be based in New York and report to Jean-Francois Astier, Global Head of Financial Sponsors Group.
  • In addition, Barclays is also pleased to announce the appointment of Tom Vignon as a Managing Director and senior member of its Financial Sponsors Group in EMEA.
  • “We are delighted to welcome Christian and Tom to Barclays and to our Financial Sponsors practice, which has long been one of the key strengths of our Investment Banking franchise,” said JF Astier, Head of Financial Sponsors Group at Barclays.

Palm Tree Supplements Growing Investment Banking Team with Industry Veterans

Retrieved on: 
Tuesday, September 12, 2023

Palm Tree LLC (“Palm Tree”), the modern M&A advisor that provides integrated investment banking and consulting services for private equity firms and businesses worldwide, today announced that investment banking icons Tracy Albert and David M.V.

Key Points: 
  • Palm Tree LLC (“Palm Tree”), the modern M&A advisor that provides integrated investment banking and consulting services for private equity firms and businesses worldwide, today announced that investment banking icons Tracy Albert and David M.V.
  • “We are excited to share the appointment of a storied dealmaking partnership in the M&A and sponsor communities to our investment banking team,” said Pardis Nasseri, Chief Executive Officer and President of Palm Tree.
  • Tracy Albert joins as Vice Chairman of Investment Banking and will lead client coverage and business development initiatives to support Palm Tree’s continued growth.
  • Albert previously held several senior investment banking roles, most recently at JD Merit and Company, where he was Vice Chairman and responsible for planning and strategic direction of the firm.

Team Expansion at Backcast Partners Fueled by Platform Growth & Private Credit Demand

Retrieved on: 
Thursday, September 7, 2023

NEW YORK, Sept. 7, 2023 /PRNewswire/ -- Backcast Partners Management, LLC ("Backcast"), a provider of debt and equity capital for both middle-market private equity and non-private equity-owned companies, is pleased to announce the continued expansion of its investment team.

Key Points: 
  • NEW YORK, Sept. 7, 2023 /PRNewswire/ -- Backcast Partners Management, LLC ("Backcast"), a provider of debt and equity capital for both middle-market private equity and non-private equity-owned companies, is pleased to announce the continued expansion of its investment team.
  • Ryan Stuckert recently joined Backcast as a Principal from Siguler Guff where he was a senior member of the firm's credit platform for over 13 years.
  • Mr. Stuckert was actively involved in the sourcing, due diligence and monitoring of corporate credit and specialty finance transactions, including special situations, structured credit, and other alternative credit investments.
  • Mark Gudis, Managing Partner at Backcast, said: "the addition of Ryan and Ronen to the Backcast team further expands the bandwidth and strengths of the team.

Carolyn Crooks Joins Evercore as Senior Managing Director in the Financial Sponsors Group

Retrieved on: 
Monday, August 14, 2023

Carolyn Crooks joins Evercore today (NYSE: EVR) as a senior managing director in the Financial Sponsors Group and will be based in New York.

Key Points: 
  • Carolyn Crooks joins Evercore today (NYSE: EVR) as a senior managing director in the Financial Sponsors Group and will be based in New York.
  • Ms. Crooks comes to Evercore after 21 years at Barclays, where she was a managing director in the financial sponsors group.
  • Ms. Crooks started her career as an industry coverage analyst in the global real estate group at Lehman Brothers.
  • I am energized by the opportunity to help build upon the firm’s success delivering these best-in-class capabilities to our Financial Sponsors clients.”
    Ms. Crooks earned a B.S.

MUFG bolsters Sponsor Coverage capabilities with new hire

Retrieved on: 
Monday, June 26, 2023

NEW YORK, June 26, 2023 /PRNewswire/ -- Mitsubishi UFJ Financial Group (MUFG) announced today the expansion of its Sponsor Coverage effort with the hiring of Pam Bruno as Managing Director.

Key Points: 
  • NEW YORK, June 26, 2023 /PRNewswire/ -- Mitsubishi UFJ Financial Group ( MUFG ) announced today the expansion of its Sponsor Coverage effort with the hiring of Pam Bruno as Managing Director.
  • Pam will be responsible for covering Private Equity Financial Sponsors for the bank.
  • Based in New York, Pam will report to Robert Smock, Head of Sponsor Coverage & Advisory at MUFG.
  • "Pam will be a complementary addition to our team as we continue expanding our Sponsor Coverage capabilities," says Robert.