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Deutsche Bank has hired Aly Alibhai, a media and entertainment banker from UBS, to lead their North American mergers and acquisitions division. Alibhai, who previously worked at Citigroup, will be based in New York. Deutsche Bank has been actively recruiting talent from other banks, such as Bank of America and Morgan Stanley, to take advantage of a slower market for deals. The bank has also been encouraging its investment bankers to focus on more profitable deals. [Extracted from the article]

Solomon Partners has hired James Butcher as a managing director in its technology group. Based in New York, Butcher will focus on advising companies in the information services and business-to-business sectors. He joins Solomon Partners from Moelis & Co., where he worked with media and technology companies. Technology dealmaking has seen a rebound in 2024, with the value of transactions in the sector up over a quarter to approximately $384 billion. Solomon Partners, founded in 1989 and based in New York, has been expanding its team since forming an alliance with Natixis SA in 2016. In June, the firm appointed Solange Velazquez from William Blair & Co. as a managing director focused on transportation technology, and announced plans to open an office in Tampa, Florida. [Extracted from the article]

Solomon Partners, a boutique investment bank, has hired James Butcher as a managing director in its technology group. Based in New York, Butcher will focus on advising companies in the information services and business-to-business sectors. He joins Solomon Partners from Moelis & Co., where he worked with media and technology companies. Technology dealmaking has seen a rebound in 2024, with the value of transactions in the sector increasing by over a quarter to approximately $384 billion. Solomon Partners, founded in 1989 and based in New York, has been expanding its team and recently appointed Solange Velazquez as a managing director focused on transportation technology. [Extracted from the article]

BMC Software, a technology provider owned by KKR & Co., is splitting into two separate companies. One company, called BMC, will focus on big mainframe computers and software automation, while the other, called BMC Helix, will specialize in software tools for managing technology in organizations. The split is expected to accelerate growth for both companies, and they will continue to be owned by KKR and a minority shareholder. The decision to split is related to the wider economy emerging from a "slow-down period." BMC is still considering options for an IPO or private transaction. [Extracted from the article]

Helix Energy Solutions Group Inc., a Houston-based offshore drilling services provider, is considering strategic options, including a potential sale. The company is working with advisers to gauge interest from potential buyers. While the deliberations are in the early stages and there is no certainty that a sale will occur, shares in Helix rose as much as 10.4% following the news. Helix primarily offers well intervention services and operates in various regions, including the Gulf of Mexico, US East Coast, Brazil, North Sea, Asia Pacific, and West Africa. This move comes as major oil field service companies are shifting their focus to international and offshore fields due to a slowdown in US shale activity. [Extracted from the article]

Swedish buyout firm Altor Equity Partners has agreed to purchase a majority stake in CCM Hockey, the maker of Tacks and JetSpeed hockey gear. The deal, expected to close by the end of the year, will see Altor acquire the business from Canada's Birch Hill Equity Partners Management. CCM is valued at C$500 million to C$600 million and will remain headquartered in Montreal. Altor was attracted to CCM for its innovative equipment and plans to focus on women's hockey and expanding into new markets. [Extracted from the article]

Apollo Global Management Inc. has offered to invest up to $5 billion in Intel Corp., providing the chipmaker with an alternative to a potential takeover by Qualcomm Inc. Qualcomm had floated a friendly takeover of Intel, which has been working to reinvent itself. Intel executives are considering Apollo's proposal, but the size of the investment and the outcome of discussions are uncertain. A combination of Intel with a larger competitor would face regulatory scrutiny, as chips are integral to everyday life. [Extracted from the article]

Apollo Global Management Inc. has offered to invest billions of dollars in Intel Corp., signaling confidence in the chipmaker's turnaround strategy. The alternative asset manager is considering making an equity-like investment of up to $5 billion in Intel. This comes after Qualcomm Inc. proposed a friendly takeover of Intel, potentially leading to a major merger and acquisition deal. Intel has been working on a plan to revamp itself under CEO Pat Gelsinger, but its sales have been declining and its shares have lost over 50% of their value this year. Apollo and Intel already have a relationship, as Intel agreed to sell a stake in a joint venture to Apollo earlier this year. Intel's shares rose after Gelsinger announced initiatives to accelerate the company's turnaround, including a partnership with Amazon Web Services and plans to restructure its manufacturing business. [Extracted from the article]

Ampere Computing, a semiconductor startup backed by Oracle, is reportedly exploring a potential sale. The company has been working with a financial adviser to field takeover interest and is open to discussions with a larger industry player. This move suggests that Ampere may not see an easy path to an initial public offering, as the market for AI chips has become more competitive. While Ampere's deliberations are ongoing, the company has not ruled out an IPO in the future. [Extracted from the article]

Barclays Plc has hired Abhishek Singhal, a former Citigroup Inc. banker, as a managing director focused on the payments sector. Singhal will be based in New York and will report to Kristin Roth DeClark, the global head of technology investment banking. Singhal's hiring is part of Barclays' efforts to strengthen its technology investment banking business. This appointment follows the recent hiring of David King as global head of technology M&A and Rob Patterson as the bank's new head of data and information platforms coverage. [Extracted from the article]

Barclays Plc has hired Abhishek Singhal, a former Citigroup Inc. banker, as a managing director focused on the payments sector. Singhal will be based in New York and will report to Kristin Roth DeClark, the global head of technology investment banking. Singhal's hiring is part of Barclays' efforts to strengthen its technology investment banking business. This appointment follows the recent hiring of David King as global head of technology M&A and Rob Patterson as head of data and information platforms coverage. [Extracted from the article]

Anne Wojcicki, co-founder and CEO of 23andMe Holding Co., has expressed her commitment to taking the genetic testing company private. This comes after the resignation of the company's independent board members. Wojcicki believes that going private will allow the company to better achieve its long-term goals without the pressures of the public markets. The board's seven independent directors resigned due to a lack of progress in receiving a fully financed and actionable proposal from Wojcicki. The company's shares have fallen significantly this year, and it has shifted its focus to subscription products in order to generate repeat customers. [Extracted from the article]

Intel Corp. is considering selling part of its stake in Mobileye Global Inc., a struggling automated driving systems provider, as part of a major strategy overhaul. The chipmaker may sell some of its 88% holding in Mobileye on the public market or to a third party. Mobileye's stock has fallen to a record low, and the company has suffered due to reduced production by automakers and a post-pandemic supply glut. Intel is also exploring options for its enterprise networking division. Intel's board is expected to consider various strategic options during a meeting later in September. [Extracted from the article]

Salesforce Inc. has announced its intention to acquire data protection and management solutions provider Own for $1.9 billion. This acquisition aligns with Salesforce's commitment to offering secure solutions for protecting customer data. Own specializes in securing data across software applications and has received funding from Salesforce Ventures, BlackRock Inc., and Tiger Global. The deal is expected to close in the fourth quarter and is Salesforce's largest acquisition since purchasing Slack in 2021. This acquisition does not impact Salesforce's financial guidance or capital return program. [Extracted from the article]

Mizuho Financial Group Inc. has hired two bankers from Barclays Plc for its leveraged finance and financial sponsors teams in the US. George Lee has joined as a managing director in Mizuho's leveraged finance group, while Corey LoVerme will join as a managing director in its financial sponsors group in November. Mizuho has been hiring more bankers from rivals to take advantage of its recent acquisition of Greenhill & Co. as it aims to capture a rise in fees with the potential increase in deals due to Federal Reserve interest rate cuts. [Extracted from the article]

Cybersecurity firm Tenable Holdings Inc. is considering a potential sale after receiving interest from potential buyers. The Columbia-based company, which provides security software, has seen its stock rise as much as 14% following the news. Tenable could attract interest from both private equity firms and strategic buyers. The cybersecurity sector is experiencing consolidation, and Tenable has been gaining market share at the expense of competitors. The company had a net loss of nearly $48 million on revenue of $826 million for the year ended March 31. [Extracted from the article]

Bank of America has appointed Kevin Brunner as the new head of global technology, media, and telecommunications investment banking, replacing Sam Powers. Powers will be joining Advance, the parent company of media group Condé Nast, as chief development officer. Brunner will also serve as co-chair of global mergers and acquisitions and report to Alex Bettamio and Thomas Sheehan, co-heads of global investment banking. Advance is a family-held business that owns and invests in companies across various sectors. [Extracted from the article]

Bank of America has appointed Kevin Brunner as the new head of global technology, media, and telecommunications investment banking, replacing Sam Powers. Brunner will also serve as co-chair of global mergers and acquisitions and report to Alex Bettamio and Thomas Sheehan, co-heads of global investment banking. Brunner has been with Bank of America since 1999 and previously served as co-head of global M&A. [Extracted from the article]

Wells Fargo has hired Tom Cho from Deutsche Bank as the head of its technology mergers and acquisitions team. Cho, who spent about 20 years at Deutsche Bank, will join as a managing director in San Francisco and report to Jeff Hogan, head of global M&A at Wells Fargo. The bank has been hiring from rivals to strengthen its corporate and investment bank, with recent appointments including Kyle Heroman from UBS Group, Christina Bresani from William Blair & Co., and Chris Norman from Citigroup. [Extracted from the article]

Private equity firm KKR & Co. is reportedly the front-runner to acquire education software provider Instructure Holdings Inc. in a deal that could value the company at around $4.7 billion, including debt. KKR is said to be discussing an offer of about $24 per share. Instructure, based in Salt Lake City, provides software to assist schools and teachers with planning learning schedules and monitoring student performance. The deliberations are ongoing, and there is no certainty that a sale will occur. [Extracted from the article]

Yokohama Rubber Co. is reportedly in advanced talks to acquire Goodyear Tire & Rubber Co.'s Off-the-Road (OTR) tire business for at least $1 billion. Other potential buyers have dropped out, making Yokohama the likely buyer. The deal could value the assets at $1 billion to $1.5 billion. Yokohama is currently in discussions with banks for financing, but a deal is not guaranteed. Yokohama's shares fell after the news broke. Japanese companies have been seeking overseas assets to diversify and expand. Yokohama produces a range of tires, including OTR tires used in industries like mining. Goodyear is pursuing alternatives for its chemical business, Dunlop brand, and OTR unit as part of its "Goodyear Forward" plan. Goodyear faces increased competition in the tire industry from manufacturers like Bridgestone and Michelin. [Extracted from the article]

Yokohama Rubber Co. is reportedly in advanced talks to acquire Goodyear Tire & Rubber Co.'s Off-the-Road (OTR) tire business for a price of at least $1 billion. Other potential buyers have dropped out, making Yokohama the most likely buyer. The deal could value the assets at $1 billion to $1.5 billion. Yokohama Rubber is currently in discussions with banks to secure financing for the acquisition. Japanese companies have been seeking overseas assets to diversify and expand due to slow growth at home. Yokohama Rubber manufactures a range of products including tires for various vehicles, industrial equipment, and mining and construction equipment. Goodyear, based in Akron, Ohio, is pursuing alternatives for its chemical business, Dunlop brand, and OTR unit as part of its "Goodyear Forward" plan to raise at least $2 billion. The tire-making industry is facing increased competition, with rival manufacturers expanding capacity in low-cost countries. Goodyear's shares have fallen 26% this year, and its market value is $3 billion. [Extracted from the article]

JPMorgan Chase & Co. has hired Douglas Melsheimer, a dealmaker from Barclays Plc, to join their technology investment-banking group as a managing director. Melsheimer, who previously worked at Goldman Sachs Group Inc., will focus on mid-cap tech clients, an area of increasing importance for JPMorgan. The move comes after a period of garden leave for Melsheimer, and both JPMorgan and Barclays declined to comment on the appointment. [Extracted from the article]

Nokia has announced a $2.3 billion deal to acquire Infinera Corp., a move that will expand Nokia's networking products for data centers and increase its presence in the US. The acquisition is seen as a strategic move to capitalize on the growing demand for server capacity driven by the boom in artificial intelligence. The deal will value Infinera's equity at $6.65 per share, with at least 70% of the payment in cash. This acquisition is Nokia's largest since the takeover of Alcatel-Lucent in 2016 and is expected to strengthen its fixed network business. [Extracted from the article]

Nokia has agreed to acquire Infinera Corp. in a $2.3 billion deal to strengthen its network infrastructure business for broadband and fiber optic networks. The acquisition will help Nokia expand its broadband network business as its mobile infrastructure operations decline. The deal, which includes debt, values Infinera at $6.65 per share. Nokia's network infrastructure business accounted for over a third of its sales last quarter and is now its largest business. The company is relying on this unit to drive growth in the second half of the year as customers increase orders for cloud infrastructure technology. [Extracted from the article]

Nokia has announced its plans to acquire Infinera Corp., a maker of optical telecommunications equipment, in a deal worth $2.3 billion. The transaction will consist of cash and stock, with 70% of the deal being paid in cash. Infinera provides networking hardware and software to various industries, including mobile phone operators and Internet content providers. This acquisition marks Nokia's largest deal since its takeover of Alcatel-Lucent in 2016. [Extracted from the article]

Nokia is reportedly considering acquiring Infinera, a US-based maker of optical telecommunications equipment. The Helsinki-based communications group has been studying the feasibility of the deal, and an announcement may be made soon. Infinera provides networking hardware and software to various industries, including mobile phone operators and Internet content providers. However, it is important to note that discussions are ongoing and there is no guarantee that a deal will be reached. [Extracted from the article]

Jonathan Kaye, a senior banker at Moelis & Co., has resigned from the firm after a video went viral showing him striking a woman in Brooklyn. The incident occurred on June 8 and resulted in the woman suffering a broken nose, lacerations, and a black eye. Reports suggest that the altercation stemmed from a verbal disagreement about Israel's actions in Gaza. Kaye was placed on leave following the incident and has now chosen to resign. [Extracted from the article]

Jonathan Kaye, a senior banker at Moelis & Co., has resigned from the firm after a video went viral showing him punching a woman in Brooklyn. The incident occurred during a pride event and Kaye claims he felt threatened and physically assaulted before striking the woman. A police report filed by the woman stated that she suffered injuries including a broken nose and lost consciousness. Moelis has appointed Rick Polhemus to replace Kaye. [Extracted from the article]

Nvidia Corp. has agreed to acquire Shoreline.io, a software startup founded by a former Amazon Web Services executive. The deal values Shoreline at approximately $100 million. Shoreline, based in Redwood City, California, develops software that identifies and resolves issues in computer systems. Nvidia, known for its artificial intelligence technology, has been expanding its capabilities and diversifying its revenue sources. Shoreline has raised around $57 million in funding and is supported by investors such as Dawn Capital, Insight Partners, and Canvas Ventures. [Extracted from the article]

Wells Fargo & Co. has hired Christina Bresani from William Blair & Co. to lead its mid-cap mergers and acquisitions group. Bresani, who was previously a managing director and head of corporate advisory at William Blair, will join Wells Fargo in New York as a managing director. This move is part of Wells Fargo's efforts to recruit senior investment bankers and compete with other major banks. [Extracted from the article]

Moelis & Co., an investment bank, is investigating an incident involving one of its senior bankers after a video circulated online showing him appearing to punch a woman. The employee, identified as Jonathan Kaye, is on leave while the investigation is ongoing. The video does not show the events leading up to the incident, but according to a person briefed on the situation, it occurred after Kaye was allegedly targeted by individuals with a Palestinian flag. The New York Police Department is aware of the video but has not received any complaint reports. [Extracted from the article]

Moelis & Co. is currently investigating an incident involving one of its employees after a video surfaced online showing a man, identified as a senior banker at the firm, allegedly punching a woman. The video does not capture the events leading up to the incident, and the man in question has not commented on the matter. The New York Police Department is also looking into the case. The incident occurred during the Brooklyn Pride celebrations, and Moelis & Co. has stated that they take the matter very seriously and are conducting an investigation. [Extracted from the article]

Moelis & Co. is currently investigating an incident involving one of its employees after a video surfaced online showing a man, identified as a senior banker at the firm, allegedly punching a woman. The video does not capture the events leading up to the incident, and the man in question has not commented on the matter. Moelis & Co. has stated that they take the incident seriously and are conducting an investigation. The incident occurred during the Brooklyn Pride celebrations. [Extracted from the article]

Solomon Partners, a boutique investment bank, has hired Solange Velazquez as a managing director in Chicago. Velazquez previously worked at William Blair & Co. for 12 years. At Solomon, she will focus on transportation technology, including supply chain software, maritime, and rail. Velazquez will be one of two female bankers at the managing director level or above at Solomon. She believes that support and building the right environment are crucial for women in the industry. [Extracted from the article]

Indie Semiconductor Inc., an automotive technology company based in California, is reportedly exploring strategic options, including a potential sale. The company has been working with an advisor to gauge interest from prospective buyers, which could include industry players and private equity firms. While there is no certainty that a transaction will occur, Indie Semiconductor has seen a surge in its stock price following the news. The company specializes in manufacturing semiconductors and software for driver assistance systems and autonomous vehicles, and it went public in 2020 through a merger. Despite recent losses, Indie Semiconductor acquired GEO Semiconductor Inc., a company that produces video processors for car cameras, last year. [Extracted from the article]

Cleveland-Cliffs Inc. is currently in discussions to acquire the US Midwest assets of Novolipetsk Steel PJSC, Russia's largest steelmaker. The assets in question are steel-mill facilities located in Indiana and Pennsylvania and could be valued at over $500 million. This potential deal would be Cleveland-Cliffs' first move in dealmaking since its unsuccessful attempt to acquire United States Steel Corp. last year. While negotiations are ongoing, it is important to note that they could still be delayed or fall apart. [Extracted from the article]

Stericycle Inc., a medical waste disposal company based in Bannockburn, Illinois, is reportedly exploring a potential sale after receiving takeover interest. The company is working with a financial adviser to consider its options. The news of a potential sale caused Stericycle's stock to rise by as much as 21%. The company could attract other medical waste management providers and infrastructure funds. However, Stericycle has not made a final decision on pursuing a sale. In the first quarter, the company's revenue fell by 2.8% due to divestitures. Stericycle provides waste removal services to various sectors, including hospitals, care centers, veterinary clinics, air and seaports, funeral homes, governments, and the military. [Extracted from the article]

Billionaire Xavier Niel is reportedly considering a potential buyout bid for Millicom International Cellular SA, a Latin American carrier. Niel, who already holds a 29% stake in the company, has been evaluating the possibility of taking Millicom private and has spoken with banks about financing options. However, it is still uncertain whether Niel will proceed with the transaction, as the recent increase in Millicom's share price could complicate the deal. Millicom was previously in talks for a possible sale last year. Niel, the founder of French telecom provider Iliad SA, is known for his active dealmaking and is also bidding for Altice's Portuguese business. [Extracted from the article]

Billionaire Xavier Niel is considering a buyout bid for Millicom International Cellular SA, a Latin American carrier, with a potential valuation of $4.1 billion. Niel's holding company, Atlas Investissement SASU, is exploring financing options for an all-cash tender offer at $24 per share. Niel is already the largest shareholder in Millicom with a 29% stake. This is the second time in two years that Millicom has been a takeover target. The company provides telecom services in several Latin American countries and reported sales of $5.6 billion last year. [Extracted from the article]

Jim Glerum, a long-time Citigroup investment banker, is retiring after four decades on Wall Street. Glerum, who joined Citigroup in 2011, has been recognized for his deep client relationships and has worked with companies such as Baxter International, Boeing, and Whirlpool. His retirement follows other recent departures from Citigroup, including Brian Anton and Stephan Reinhard. Glerum's colleagues praised his experience, expertise, enthusiasm, and partnership in an internal company memo. [Extracted from the article]

Humane Inc., an artificial intelligence startup, is reportedly exploring a potential sale of its business following a challenging launch of its wearable AI device. The company, founded by two former Apple veterans, is working with a financial adviser and seeking a sale price between $750 million and $1 billion. Despite raising $230 million from prominent investors, Humane's device received criticism for reliability and practicality issues. The potential sale comes as other competitors are also expanding their AI-hardware efforts, but mainstream adoption of this technology has yet to be achieved. [Extracted from the article]

Mizuho Financial Group Inc. has promoted Andy Laszlo to the position of head of technology, media, and telecommunications investment and corporate banking. Laszlo takes over from Rich Gallivan, who will now serve as chair of technology banking for the Americas, focusing on client coverage and reporting to Laszlo. Laszlo previously led TMT and special purpose acquisition company equity capital markets. Mizuho recently acquired Greenhill & Co. and plans to maintain the Greenhill brand. [Extracted from the article]

Website-builder Squarespace Inc. is being acquired by private equity firm Permira for approximately $6.6 billion in cash, making it the second-largest take-private deal of the year. The deal values Squarespace at $6.9 billion, including debt. Squarespace went public in 2021 but saw a decline in its stock price. Squarespace CEO Anthony Casalena will continue to lead the business and retain a majority of his equity. The transaction reflects a growing trend of private equity investment in the technology sector. [Extracted from the article]

PJT Partners Inc. has hired Orlando Knauss, a former dealmaker at Bank of America Corp. and Credit Suisse, as a partner focused on dealmaking in the industrials sector. Knauss had spent about two decades at Credit Suisse, where he was the global head of the Swiss lender's industrials group. He will be joining former colleagues from Credit Suisse at PJT. Representatives for PJT and Bank of America declined to comment on the matter. [Extracted from the article]

Morgan Stanley has hired Andy Lipsky, who currently serves as JPMorgan Chase & Co.'s vice chair of investment banking. Lipsky will be joining Morgan Stanley in a similar capacity in the coming months. Prior to his time at JPMorgan, Lipsky worked at Credit Suisse for over 20 years and specialized in advising industrial companies such as General Electric Co. and Ingersoll-Rand Inc. Representatives from both Morgan Stanley and JPMorgan declined to comment on the matter. [Extracted from the article]

Barclays Plc has appointed Ihsan Essaid as the sole head of global mergers and acquisitions, while Gary Posternack, the former co-head, will now serve as the chairman of global M&A. Essaid joined Barclays in 2021 and was promoted to co-head in March 2022. Posternack requested the change to focus on strategic dialogue with priority clients. Barclays has recently advised on notable transactions, such as the takeover of Equitrans Midstream Corp. and the take-private of Endeavor Group Holdings Inc. Posternack has been with Barclays since 2008 and became global head of M&A in 2014. [Extracted from the article]

Adam Karol, a managing director at Silver Lake, has resigned from the technology-focused investment firm to join Clayton, Dubilier & Rice (CD&R). Karol, who joined Silver Lake in 2009, served on the boards of several portfolio companies including A Place for Mom, Noom Inc., GoodRx Holdings Inc., and Integrity Marketing Group. CD&R, which has over $80 billion in assets under management, closed on a $26 billion fund last year, with external investors including the California Public Employees' Retirement System and the Canada Pension Plan Investment Board. Representatives for Silver Lake and CD&R declined to comment. [Extracted from the article]