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.
The Wall Street Journal reported Hong Kong’s security regulators have charged UBS with misleading wealthy clients for a decade and fined the bank HK$400 ($51 million) and demanded HK$200 ($26) million in customer compensation.
The Wall Street Journal reported that a UBS-led group plans to begin using a bitcoin-like token to settle cross-border trades.
Realty Income has closed on an amended $3.25 billion credit facility. Wells Fargo served as administrative agent for the transaction.
Trading company BB Energy raised a $245 million revolving credit facility to refinance existing credit and for general corporate purposes.
Reuters reported syndication of the $5.8 billion-equivalent loan package backing Blackstone’s buyout of Refinitiv, Thomson Reuters’ Financial and Risk division, is expected to launch on September 4 in the U.S. Bank of America Merrill Lynch is leading the syndication.