Goldman Sachs to buy European asset manager for €1.6bn

Goldman Sachs to buy European asset manager for €1.6bn

Goldman Sachs’ asset management unit has agreed to buy Dutch insurer NN Group’s investment management arm for about €1.6bn, marking the Wall Street bank’s largest acquisition since David Solomon became chief executive in 2018. The deal for NN Investment Partners,...
Trendyol Raises $1.5bn Led by General Atlantic and Softbank

Trendyol Raises $1.5bn Led by General Atlantic and Softbank

Trendyol, a Turkey-based e-commerce platform, has entered into agreements to raise $1.5bn from a number of high-profile investors, valuing the company at $16.5bn. With this new funding, Trendyol becomes Turkey’s first Decacorn. The round was co-led by General...