Investment-bank growth? Venture's NatWest deal may expand industry

Article Abstract:

The Industrial and Commercial Bank of China and the Bank of East Asia Ltd. of Hong Kong have agreed to form a joint venture to purchase the Asian equities and other businesses of NatWest Markets. The deal, which is seen by analysts as a trend of expansion in the Chinese investment banking industry, will amount to some $17 million in premium book value according to a company executive. The deal will allow the firm entry into the underwriting market recently vacated by Peregrine Investment Holdings Ltd.

Investment advice, Investment Advisory Services, Security brokers and dealers, China, Financial services industry, Financial services, Securities, Investment advisers, Bank of East Asia Ltd., NatWest Markets, Industrial and Commerical Bank of China

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Not boutique, independent merchant

Article Abstract:

Merger and acquisition boutiques are currently successful and this has been highlighted by Gartmore's decision to appoint Pheonix Securities as its advisor to the sale of a stake in UK fund manager held by Banque Indosuez. Phoenix has also advised Smith New Court of the UK, a broker, during its acqusition by Merrill Lynch of the US an investment banks. Hambro Magan of the UK, an m&a boutique, has recently advised SBC on its purchase of SG Warburg.

Services, Acquisitions and mergers, Practice

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Enskilda allies with Blackstone

Article Abstract:

Enskilda of Sweden, an investment bank, and part of the SE Banken group, is to link with Blackstone Group of Wall Street, an advisory boutique, to offer crosss border M&A advisory services between the US and Scandinavia. Enskilda already advises on deals between Scandinavia and the UK, Germany, France and Benelux.

The Blackstone Group, Enskilda Ventures

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