Reuters reported that lead arrangers J.P. Morgan, Merrill Lynch and Citigroup have invited 23 banks to participate in the $13.5 equivalent loan facility to support Blackstone’s purchase of a majority stake in Thomson Reuters’ Financial and Risk unit.
Reuters reported that JPMorgan, Bank of America Merrill Lynch and Citigroup are leading a syndicate of more than 20 banks that have been invited to underwrite Blackstone’s acquisition of a majority stake in Thompson Reuters’ Financial and Risk unit.
Thomson Reuters agreed to enter into a strategic partnership with Blackstone. As part of the transaction, Thomson Reuters will sell a 55% majority stake in its F&R business to private equity funds managed by Blackstone.
KPMG was ranked as the leading mid-market provider of M&A services for both the number of announced and completed deals in 2016, per Thomson Reuters’ Mid-Market M&A Review and Bloomberg M&A Advisory League Tables.
FinTech Sandbox added State Street to the list of firms, including Fidelity Investments, F-Prime Capital, Thomson Reuters, Silicon Valley Bank, Amazon Web Services and Intel, sponsoring the Boston-based nonprofit.
A Thomson Reuters survey revealed that more than 50% of senior executives from multinational financial firms are concerned non-compliance with the Foreign Account Tax Compliance Act (FATCA) and Common Reporting Standard CRS) mandates could affect the reputations of their institutions.
Thomson Reuters LPC is hosting its second annual Middle Market Loans Conference on May 29, 2014 in New York City. Join in for a day of in-depth discussion of the history of and future potential for this sector.
The latest data release of the Thomson Reuters/PayNet Small Business Lending Index shows small business investment activity continues to grow at a faster pace, registering 115 in March, an 18% Y/Y increase.