Fogo de Chão, a Brazilian steakhouse restaurant brand, entered into a definitive agreement to be acquired by Bain Capital Private Equity to accelerate growth and expansion. Deutsche Bank led debt financing for the transaction and is also serving as financial advisor to Bain Capital.
UMB Bank is serving as administrative agent for an amended $1.5 billion senior secured warehouse facility for two entities jointly established by Griffin Global Asset Management and Bain Capital Credit.
Wells Fargo Capital Finance UK led a £70 million ($93.6 million) asset-based lending facility with BNP Paribas Commercial Finance for Mach Recruitment.
Mizuho Americas signed an agreement to acquire Capstone Partners, an independent middle-market placement agent focused on fundraising and advisory services to private equity, credit, real asset and infrastructure investment firms.
More than half (52%) of financial institutions expect to have more gig-based employees over the next three to five years, according to a report from PwC.
PwC’s recent report, “Securing your tomorrow, today – The future of financial services,” predicted that alternative providers of capital are on track to become an even more important part of the global financial system.
The FDIC reached a $335 million settlement with PricewaterhouseCoopers related to professional negligence claims brought by the FDIC against accounting firm arising out of the audits of the failed Colonial Bank.
PricewaterhouseCoopers selected Timothy F. Ryan as its new U.S. chairman for a four-year term beginning on July 1, 2016, succeeding Bob Moritz, who is becoming global chairman.
According to PwC’s Canadian Banks 2016 report: Embracing the FinTech Movement, Canadian banks are focused on responding to the threats and opportunities posed by new companies building financial technology (fintech) solutions.
The Conference Board and PwC’s Measure of CEO Confidence, which had improved in the first half of the year, declined to 48 in the Q3/15, down from 58 in Q2/15. A reading of more than 50 points reflects more positive than negative responses.