HSBC in talks to sell French retail bank to Cerberus

HSBC in talks to sell French retail bank to Cerberus

HSBC is poised to sell its French retail network to a subsidiary of US private equity firm Cerberus. Yesterday HSBC France chief executive Jean Beunardeau told employees the firm had decided to progress discussions with the subsidiary, though “discussions are still...
Mainspring and Aspida launch $550m private investment fund

Mainspring and Aspida launch $550m private investment fund

Mainspring Fund Services and Aspida Group have partnered to provide Guernsey-domiciled private equity and venture capital funds with a comprehensive solution for fund administration, compliance, governance and reporting. At the same time, the partner firms confirmed...
Will private equity interest shake up the advice sector?

Will private equity interest shake up the advice sector?

Not so long ago, retail financial advice and its offshoots were seen as particularly unglamourous part of financial services, inhabited by small businesses using ancient systems and outdated business models. Now, from a certain perspective, financial advisers and...
BC Partners invests in Davies in a $1.7 billion deal

BC Partners invests in Davies in a $1.7 billion deal

BC Partners agreed to take over insurance service company Davies, as it bets on fast-growing demand for outsourcing in the financial industry. The private equity firm signed a definitive agreement to buy a majority stake in London-based Davies, it said in a statement...