Archives

BlackRock’s Assets Hit $10.65 Trillion

By Amit Chowdhry ● Jul 16, 2024

The assets managed by BlackRock has hit a record $10.65 trillion as of the second quarter due to an increase in client asset values. Investors also put in a significant amount of funds into the company’s exchange-traded funds (ETFs).

Simpson Thacher Expanding European Private Credit Team With New Hire

By Amit Chowdhry ● Jul 16, 2024

Simpson Thacher & Bartlett LLP announced that Hadrien Servais will join the Firm’s Alternative Capital and Private Credit group, where he will lead the European Private Credit team.

Honeywell Buying LNG Technology From Air Products For $1.81 Billion

By Amit Chowdhry ● Jul 16, 2024

Honeywell and Air Products jointly announced that Honeywell has agreed to acquire Air Products' liquefied natural gas (LNG) process technology and equipment business for $1.81 billion in an all-cash transaction. This represents approximately 13x the estimated 2024 EBITDA.

team.blue Raises €550 Million At €4.8 Billion Valuation

By Amit Chowdhry ● Jul 16, 2024

team.blue, which is Europe’s leading digital enabler for entrepreneurs and SMBs, announced a significant investment from Canada Pension Plan Investment Board (CPP Investments).

EP Wealth Advisors Acquiring $700 Million (AUM) Sloan Investment Management

By Amit Chowdhry ● Jul 16, 2024

EP Wealth Advisors - a leading independent registered investment adviser (RIA) with an expanding national presence and client base - announced the acquisition of Dallas-based Sloan Investment Management. This partnership adds about $700 million in assets under management (AUM), bringing EP Wealth’s total AUM in the Dallas region to over $1 billion, and $25.2 billion nationwide.

Alston & Bird: 3 Lateral Partners Added To Support Corporate, Healthcare, And Real Estate Practices

By Amit Chowdhry ● Jul 16, 2024

Alston & Bird announced it has strengthened its Corporate, Health Care, and Real Estate practices with the addition of 3 new partners. Dave Zampa (focuses on complex M&A transactions, health care, and life sciences) and Erin Felchner (concentrates on real estate finance) will join the firm’s new Chicago office. And Brielle Cuskelly (handles real estate and real estate finance matters) will reside in the firm’s new Century City office.

Infinite Reality Raises $350 Million At $5.1 Billion Valuation And Buys Landvault For $450 Million

By Amit Chowdhry ● Jul 16, 2024

Infinite Reality (iR), a company powering the next generation of digital media and e-commerce through AI and immersive technologies, announced a $350 million minority investment from a private multi-family office focused on global technology, media, and real estate, bringing the company’s valuation to $5.1 billion. This funding, which is in equity and not debt, is new and separate from iR’s goal of completing the previously announced SPAC deal.

Baker McKenzie Expands Africa-Based Transactional Practice With New Hires

By Amit Chowdhry ● Jul 16, 2024

Global law firm Baker McKenzie announced that leading Banking & Finance lawyers Phetole Modika and Pitso Kortjaas have joined the firm as Banking & Finance partners in Johannesburg, augmenting Baker McKenzie's transactional capabilities. They were previously partners (directors) in the Finance & Banking Practice at Cliffe Dekker Hofmeyr in South Africa. And they are joined by their team Director Designate Sabelo Goma, Senior Associate Koketso Maake and Associate Nyameka Nkasana.

OT/3NDx: This Healthcare Platform Is Guiding Personalized Treatment Selection For Breast Cancer Therapies

By Amit Chowdhry ● Jul 16, 2024

Onconostic Technologies -3N Diagnostics Group (OT/3NDx), is an oncology company that already has an immunohistochemistry (IHC) tumor biopsy assay to guide personalized treatment selection for hormonal therapy, chemotherapy, and immunotherapy for breast cancer patients. Pulse 2.0 interviewed OT/3NDx founder and Chairman Dr. Partha Ray, MD, to learn more about the company.