Gunvor Singapore, a wholly-owned subsidiary of Gunvor Group, closed a $1.035 billion sustainability-linked, syndicated revolving credit facility. The borrower has further upsized the facility by $90 million via an accordion feature, bringing the total facility amount to $1.125 billion.
UBS completed the acquisition of Credit Suisse, with Credit Suisse Group merging into UBS Group. The combined entity will operate as a consolidated banking group.
Due to the planned acquisition of Credit Suisse, Christian Bluhm has agreed to remain in his role as group chief risk officer and member of the group executive board for the foreseeable future, therefore delaying the handover to Damian Vogel that was originally planned for May 1, 2023.
According to Timothy Burniston, a regulatory compliance expert at Wolters Kluwer Compliance Solutions, markets should be reassured by the response of federal regulators to maintain stability in the U.S. banking system in the wake of the collapse of Silicon Valley Bank and Signature Bank.
Cvent Holding Corp., a meetings, events and hospitality technology provider, entered into a definitive agreement to be acquired by an affiliate of private equity funds managed by Blackstone in a transaction valued at an enterprise value of approximately $4.6 billion.
iCapital and UBS entered into a definitive agreement whereby iCapital will acquire UBS Fund Advisor, UBS’s legacy proprietary U.S. alternative investment manager and the feeder fund platform it manages.
McAfee, a global provider of online protection, entered into a definitive agreement to be acquired by an investor group, which obtained a commitment from a JPMorgan Chase Bank-led syndicate for nearly $10 billion in debt financing to support the transaction.
Owl Rock Capital Group and the Dyal Capital Partners division of Neuberger Berman Group entered into a definitive business combination agreement with Altimar Acquisition Corporation to form Blue Owl Capital, an alternative asset management firm with more than $45 billion in assets under management.
Alcentra, a manager of private debt, hired Chris Mulshine as head of U.S. distribution and a member of the executive management committee. Mulshine previously served as global head of private credit with Lazard Private Capital Advisory, and in other roles at Credit Suisse, UBS and Goldman Sachs.
UBS Private Wealth Management has hired Denis J. Cleary and Gregory M. Devine, along with analysts Abigail Harris, Seamus O’Neill, Mindi Chen and Christopher Carbone.