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Bulge Bracket Banks: 2024 Edition

Brian DeChesare

I never expected to revisit the topic of bulge bracket banks so quickly because the full list changes slowly, and we updated it a few years ago. But the events of 2023, including the UBS acquisition of Credit Suisse and the rise of firms like Wells Fargo, Jefferies, and RBC, have shaken up the traditional list.

Banking 97
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Lone Star Funds Pulls €674M Bank Of Cyprus Bid

Law 360 M&A

private equity firm Lone Star Funds on Tuesday said it will not make another bid for the Bank of Cyprus, the country's biggest bank, after it rejected three consecutive offers, including a €674 million ($648 million) bid.

Banking 52
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How to Get an Investment Banking Internship

Brian DeChesare

If you want to know how to get an investment banking internship, it’s simple: Start very, very early and have a great “Plan B” if something goes wrong. And yes, you read the news correctly: Banks like RBC, DB, Houlihan Lokey, Rothschild, and Guggenheim opened 2025 summer internship applications in calendar year 2023. Corporate banking.

Banking 91
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Activist Hedge Funds: The Superhero Offspring of Private Equity Firms and Normal Hedge Funds?

Brian DeChesare

If you’re thinking about exit opportunities and can’t decide between private equity and hedge funds , activist hedge funds might be your solution. Similar to private equity firms, they operate on longer time frames, influence companies’ operations and finances, and might catalyze major changes, such as spin-offs or acquisitions.

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Endeavor Group's $13B Take-Private Deal Challenged In Del.

Law 360 M&A

A Swedish bank has sued to block a $13 billion take-private sale of sports and entertainment conglomerate Endeavor Group Holdings Inc., branding the deal a prohibited minority stockholder squeeze-out tilted heavily toward large investors and insiders, including controller and global private equity firm Silver Lake.

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The New Role of Private Equity Firms

Erik A. Lopez

The following is a guest post from Nate Nead, an investment banking Director at Merit Harbor Group, LLC. It wasn’t too long ago when private equity firms had the power – and ability – to do very little heavy lifting in order to enjoy a substantial growth on their return in a short period of time. Less is More.

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Payments Biz ACI Divests Banking Products Biz In $100M Deal

Law 360 M&A

Payments software company ACI Worldwide said Tuesday it's divesting its corporate online banking products business to private equity firm One Equity Partners for $100 million.

Banking 52