DOCSLIB.ORG

Fintech Monthly Market Update | May 2021

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text

Load more

Fintech Monthly Market Update MAY 2021 EDITION Leading Independent Advisory Firm Houlihan Lokey is the trusted advisor to more top decision-makers than any other independent global investment bank. Corporate Finance Financial Restructuring Financial and Valuation Advisory 2020 M&A Advisory Rankings 2020 Global Distressed Debt & Bankruptcy 2001 to 2020 Global M&A Fairness All U.S. Transactions Restructuring Rankings Advisory Rankings Advisor Deals Advisor Deals Advisor Deals 1,500+ 1 Houlihan Lokey 210 1 Houlihan Lokey 106 1 Houlihan Lokey 956 2 JP Morgan 876 Employees 2 Goldman Sachs & Co 172 2 PJT Partners Inc 63 3 JP Morgan 132 3 Lazard 50 3 Duff & Phelps 802 4 Evercore Partners 126 4 Rothschild & Co 46 4 Morgan Stanley 599 23 5 Morgan Stanley 123 5 Moelis & Co 39 5 BofA Securities Inc 542 Refinitiv (formerly known as Thomson Reuters). Announced Locations Source: Refinitiv (formerly known as Thomson Reuters) Source: Refinitiv (formerly known as Thomson Reuters) or completed transactions. No. 1 U.S. M&A Advisor No. 1 Global Restructuring Advisor No. 1 Global M&A Fairness Opinion Advisor Over the Past 20 Years ~45% Top 5 Global M&A Advisor 1,400+ Transactions Completed Valued Employee-Owned at More Than $3.0 Trillion Collectively 1,000+ Annual Valuation Engagements Leading Capital Markets Advisor ~$4.5 Billion Market Cap North America Europe and Middle East Asia-Pacific Atlanta Miami Amsterdam Madrid Beijing Sydney >$1 Billion Boston Minneapolis Dubai Milan Hong Kong Tokyo Annual Revenue Chicago New York Frankfurt Paris Singapore Dallas San Francisco London No Houston Washington, D.C. Debt Los Angeles 2 Global, Market-Leading Fintech Practice There is significant momentum in fintech following a dedicated team build-out across our industry-leading FIG, TMT, and Data & Analytics groups, 75+ Global 50+ supported further by the dedicated fintech/FIG single specialized completed or announced extensive resources and bankers based in London, fintech practice fintech M&A and private New York, Los Angeles, across the world placement transactions relationships of Houlihan Miami, and San Francisco since the start of 2019 Lokey’s broader global platform. Financial Institutions Technology, Media, and Telecom 2018 to 2020 M&A Advisory Rankings U.S. Technology, Media, Entertainment & Telecom Transactions Under $5 Billion Advisor Deals 1 Houlihan Lokey 133 Product Capabilities 2 Goldman Sachs & Co 123 3 Raymond James Financial Inc 110 3 Morgan Stanley 110 Sellside and Private Equity Financial Board and Fairness Opinions 5 JP Morgan 108 Buyside M&A and Debt Capital Restructuring and Special Committee and Valuation Source: Refinitiv (formerly known as Thomson Reuters) Advisory Markets Special Situations Advisory Services 3 Integrated Team Built to Advise Modern Fintech Platforms Fintech Leadership Team Mark Fisher Tim Shortland Rob Freiman Kegan Greene Chris Pedone Managing Director Managing Director Director Director Director [email protected] [email protected] [email protected] [email protected] [email protected] Additional Senior Industry Bankers and Team Members Jeffrey Levine Andrew Adams Rob Louv Tara Carter Brent Ferrin Christian Kent Craig Muir Gagan Sawhney Global Head Head Global Co-Head Managing Director Managing Director Managing Director Managing Director Managing Director Financial Institutions Data and Analytics TMT/Software Data and Analytics Financial Institutions Financial Institutions Data and Analytics Financial Institutions Vik Sood Paul Tracey Eric Weber Rob Losquadro James Rekas Evan Schutz Anna Cotterell Rob Hallot Managing Director Managing Director Managing Director Director Director Director Senior Vice President Senior Vice President TMT/Software Financial Institutions Financial Institutions Financial Institutions Business Services Data and Analytics Data and Analytics Data and Analytics Aaron Solomon Joe Watson Matt Capozzi Alex Fauron Antoine Marie Dakota Frank Andrew Larrabee Jack Denzer Senior Vice President Senior Vice President Vice President Vice President Vice President Associate Associate Financial Analyst Financial Institutions Data and Analytics Financial Institutions Data and Analytics Data and Analytics Data and Analytics Financial Institutions Financial Institutions 4 How We Look at the Fintech Opportunity Asset/ Banking/ Capital Corporate/ Data and Insurance Payments Real Estate/ Wealth Lending Markets Diversified Analytics Mortgage BUSINESS MODELS CONVERGING Alternative Financial Services • BPO • Data and Analytics • Software/SaaS • Tech-Enabled Services • Transaction Processing Note: Logos shown for each category are illustrative. 5 Recent Houlihan Lokey Transaction Spotlight Transaction Pending Transaction Pending Transaction Pending & a division of has agreed to acquire has agreed to be acquired by has been acquired by have partnered to combine has been acquired by a portfolio company of a portfolio company of & has agreed to be acquired by Transaction Nordic Capital to form a new financial data intelligence business Sellside Advisor Sellside Advisor Buyside & Financing Advisor Buyside Advisor Sellside Advisor Sellside Advisor May May May March March February Deal Date 2021 2021 2021 2021 2021 2021 €2.1 billion C$155 million Not disclosed Not disclosed >$500 million $500 million Deal Value ($2.5 billion) ($121 million) SaaS-based Transaction cost Financial data Multi-asset class Technology-driven Tech-enabled digital mortgage analysis (TCA) and competitive trading systems title, escrow, and buy now, pay later origination and and systematic intelligence for and connectivity closing solutions (BNPL) financing customer engagement trading technology the retail and technology for the across origination, solutions for Target platform for lenders for global asset commercial global capital home equity, and consumers and Description and brokers. managers. banking market. markets industry. default products. merchants. Geography Buyside and Sellside Advisor Sellside Advisor Buyside Advisor Sellside Advisor Sellside Advisor Financing Advisor Houlihan Lokey Role Lokey 6 Proven Fintech Track Record With Exceptional Momentum Transaction Pending Transaction Pending Transaction Pending including & has received a minority investment a division of from has agreed to acquire has agreed to be acquired by has been acquired by has been acquired by have partnered to combine has been acquired by a portfolio company of a portfolio company of & Financial Advisor and Placement Agent Sellside Advisor has agreed to be acquired by May 2021 May 2021 May 2021 Mar. 2021 NordicMar. 2021 Capital Feb. 2021 Feb. 2021 Dec. 2020 to form a new financial data intelligence business Sellside Advisor Sellside Advisor Buyside & Financing Advisor Buyside Advisor Sellside Advisor Sellside Advisor has been acquired by has acquired has sold its minority stake in has received an investment by has been acquired by has been acquired by has been recapitalized by has received a $260m structured investment from a portfolio company of a portfolio company of to Macquarie Sellside Advisor Financial Advisor Sellside Advisor Sellside Advisor Sellside Advisor Sellside Advisor Buyside Advisor Sellside Advisor Dec. 2020 Dec. 2020 Dec. 2020 Nov. 2020 Nov. 2020 Nov. 2020 Oct. 2020 Oct. 2020 Protection America Inc. has been acquired by has participated in the Minneapolis Grain Exchange has agreed to merge with PropTech Acquisition Corporation via SPAC has acquired an investment in Series A has acquired a majority stake in combination Senior Secured Notes has been acquired by a portfolio company of Growth Capital Series B financing round Growth Equity $50,000,000 $40,000,000 Preferred Equity Placement Agent Financial Advisor Sellside Advisor Advisor to Special Committee Financial Advisor Exclusive Financial Advisor & Placement Agent Financial Advisor Exclusive Placement Agent Oct. 2020 Aug. 2020 June 2020 May 2020 Mar. 2020 Mar. 2020 Mar. 2020 Feb. 2020 Unit4 VerzuimSignaal B.V. Funds managed by a subsidiary of have entered into an agreement to combine has been acquired by has completed a recapitalization has been acquired by the venture capital arm of a portfolio company of with has acquired has been acquired by and the parent company of has been acquired by Portag3 Ventures II LP $400,000,000 Sellside Advisor Placement Agent* Sellside Advisor Sellside Advisor* Fairness Opinion Buyside Advisor Fairness Opinions Sellside Advisor Dec. 2019 Nov. 2019 Sept. 2019 Sept. 2019 Sept. 2019 Sept. 2019 June 2019 May 2019 Note: List of transactions shown is illustrative, not exhaustive. *Denotes transaction executed by firms acquired by Houlihan Lokey. 7 Proven Fintech Track Record With Exceptional Momentum (cont.) LenderLive Network a portfolio company of a portfolio company of a portfolio company of a portfolio company of has sold a division of Lowell has sold its payments has been acquired by business unit in the Nordics to has been acquired by has been acquired by has received a minority investment from has been acquired by has been acquired by to Undisclosed Investor Group Sellside Advisor Sellside Advisor Sellside Advisor Sellside Advisor Sellside Advisor* Sellside Advisor Sellside Advisor Sellside Advisor Apr. 2019 Mar. 2019 Mar. 2019 Mar. 2019 Feb. 2019 Jan. 2019 Jan. 2019 Dec. 2018 has received an investment from a portfolio company of has acquired has acquired a majority interest in has been acquired by has been acquired by has been acquired by has been acquired by has been acquired by and ELLIOTT Buyside Advisor Financial Advisor Sellside Advisor* Sellside Advisor Sellside
Recommended publications
  • SCI's 8 Annual Securitization Pricing, Valuation & Risk Seminar

    SCI's 8 Annual Securitization Pricing, Valuation & Risk Seminar

    SCI’s 8th Annual Securitization Pricing, Valuation & Risk Seminar June 2015, New York SCI will be hosting its fast growing Securitisation Pricing & Risk Seminar in June 2015 in New York. 200 registered for this event in 2014 with both trading and pricing professionals in attendance. Our objective is to build this event to make it the definitive pricing event for securitised assets, and to succeed we need to build it out strongly over the next few years with the backing and partnership of firms such as yours. As ever the agenda will cover a good mix of relevant and pertinent discussions such as: relative value; valuation and audit; regulations; updates on CLO & ABS valuations, and discussions on primary market issuance. This is also great networking event, offering a focussed discussion environment. For a list of delegates attending in 2014 see page 2 of this document. We encourage you to join your peers and sponsor this event: panel speaking, workshops, exhibition space, client invitations and more are available to sponsors. Why sponsor? SCI gives you a platform designed to help you get your message across: Take part in topical debate at the forefront of market discussion Reach a closely targeted audience of investor and sell‐side clients Be seen as a domain expert and thought-leader via an uncluttered, focussed agenda Reach new and existing customers throughout the conference Why SCI? A well established event with a track record of having a strong, senior turnout Programme devised around current market issues and hand-picked speakers Event builds on SCI’s highly regarded daily news coverage Gold Sponsorship package: a.
  • Investor Presentation May 2, 2018 Notices and Disclaimers

    Investor Presentation May 2, 2018 Notices and Disclaimers

    Investor Presentation May 2, 2018 Notices and Disclaimers Forward-Looking Statements This presentation contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements include certain information concerning future results of operations, business strategies, financing plans, competitive position, potential growth opportunities, potential operating performance improvements, the effects of competition and the effects of future legislation or regulations. Forward-looking statements include all statements that are not historical facts and can be identified by the use of forward-looking terminology such as the words “believe,” “expect,” “plan,” “intend,” “anticipate,” “estimate,” “predict,” “potential,” “continue,” “may,” “might,” “should,” “could” or the negative of these terms or similar expressions. Forward-looking statements involve risks, uncertainties and assumptions. Actual results may differ materially from those expressed in such forward-looking statements. You should not put undue reliance on any forward-looking statements contained herein. PJT Partners undertakes no obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise. The risk factors discussed in the “Risk Factors” section of our Annual Report on Form 10-K for the year ended December 31, 2017, filed with the United States Securities and Exchange Commission (“SEC”), as such factors may be updated from time to time in our periodic filings with the SEC, accessible on the SEC’s website at www.sec.gov, could cause the results of PJT Partners to differ materially from those expressed in forward-looking statements.
  • Employment Report

    Employment Report

    2019 EMPLOYMENT REPORT Columbia Business School students experience unparalleled access to dynamic companies and leaders After 21 years of teaching at this institution, it is an honor to assume the role of Dean of Columbia Business School. in New York and around the world, I want to thank Dean Glenn Hubbard for his excellent joining an entrepreneurial community stewardship of the School over these last 15 years. that fosters innovation and creates Columbia Business School is ushering in a new generation of students during a critical time—one that demands we everyday impact in the global address the rapidly-evolving needs of business in the digital future. The nature of the MBA job market has changed and so too must business education, which is at an inflection point, marketplace. They build connections where data science is as important as management science. with practitioners and industry This is why we must redefine business education, by sharpening our curriculum in order to embrace how technology, data, and leaders, and tap into a lifetime algorithms are transforming business. We will need to continue to create experiential learning opportunities to better prepare students for careers in the digital future across industries. We network of more than 47,000 alumni must strengthen our engagement with the University, creating curricular opportunities for our students, and exploring spanning over 100 countries who offer collaborative research in areas of broader impact and of significant interest to the School. We must also strengthen mentoring opportunities, internships, faculty thought leadership and enhance lifelong learning by offering new courses to alumni who want to continuously and so much more.
  • Financial Rankings

    Financial Rankings

    GLOBAL M&A MARKET REVIEW FINANCIAL RANKINGS 1H 2017 1H 2017 GLOBAL M&A FINANCIAL ADVISORY RANKINGS The Bloomberg M&A Advisory League Tables are the definitive publication of M&A advisory rankings. The CONTENTS tables represent the top financial and legal advisors across a broad array of deal types, regions, and industry sectors. The rankings data is comprised of mergers, acquisitions, divestitures, spin-offs, debt-for-equity- 1. Introduction swaps, joint ventures, private placements of common equity and convertible securities, and the cash 2. Global M&A Heat Map injection component of recapitalization according to Bloomberg standards. 3. Global M&A Regional Review 4. Global M&A League Tables Bloomberg M&A delivers real-time coverage of the M&A market from nine countries around the world. We 5. Americas M&A Regional Review provide a global perspective and local insight into unique deal structures in various markets through a 6. Americas M&A League Tables network of over 800 financial and legal advisory firms, ensuring an accurate reflection of key market trends. 8. EMEA M&A Regional Review Our quarterly league table rankings are a leading benchmark for legal and financial advisory performance, and our Bloomberg Brief newsletter provides summary highlights of weekly M&A activity and top deal 9. EMEA M&A League Tables trends. 12. APAC M&A Regional Review 13. APAC M&A League Tables Visit {NI LEAG CRL <GO>} to download copies of the final release and a full range of market specific league 16. Disclaimer table results. On the web, visit: http://www.bloomberg.com/professional/solutions/investment-banking/.
  • An Acuris Company Restructuring Data

    An Acuris Company Restructuring Data

    Restructuring Insights - UK An Acuris Company Restructuring Data - Europe 27 May 2020 Restructuring Insights - UK Restructuring Insights - UK An Acuris Company Debtwire Europe CONTENTS AUTHORS Introduction 3 Joshua Friedman Restructuring Data Analysis 5 Global Head of Restructuring Data Creditor/Investor Analysis 19 +1 (212) 574 7867 [email protected] UK Restructurings: Marketplace & Current Issues 25 Timelines and Tables 28 Shab Mahmood Contacts 35 Restructuring Analyst Disclaimer 36 +44 203 741 1323 [email protected] Juan Mariño, CFA Restructuring Analyst +44 203 741 1364 [email protected] Donald Ndubuokwu Restructuring Analyst [email protected] 2 Restructuring Insights - UK An Acuris Company Introduction: Restructuring Data - Europe As part of the roll-out of Debtwire’s Restructuring Data - Europe, this inaugural Restructuring Insights Report serves as a preview of the power, breadth and depth of the data that will be available to subscribers. Debtwire’s global team of legal, financial, credit and data professionals has been producing analysis and data reports on a variety of restructuring topics and in jurisdictions across the globe. In a natural evolution of that data-driven direction, we have compiled and enhanced the data underlying those reports and combined it with Debtwire’s exclusive editorial coverage and financial research to create a searchable Restructuring Database, which will allow subscribers to craft bespoke data-driven answers to a wide variety of research questions and to enhance business development. With the expansion to cover Europe, the Restructuring Data platform now includes bankruptcy and restructuring situations in North America (US Chapter 11s, Chapter 7s and Chapter 15s), Asia-Pacific (NCLT processes in India) and Europe.
  • March 31, 2021

    March 31, 2021

    Units Cost Market Value US Equity Index Fund US Equities 95.82% Domestic Common Stocks 10X GENOMICS INC 126 10,868 24,673 1LIFE HEALTHCARE INC 145 6,151 4,794 2U INC 101 5,298 4,209 3D SYSTEMS CORP 230 5,461 9,193 3M CO 1,076 182,991 213,726 8X8 INC 156 2,204 4,331 A O SMITH CORP 401 17,703 28,896 A10 NETWORKS INC 58 350 653 AAON INC 82 3,107 5,132 AARON'S CO INC/THE 43 636 1,376 ABBOTT LABORATORIES 3,285 156,764 380,830 ABBVIE INC 3,463 250,453 390,072 ABERCROMBIE & FITCH CO 88 2,520 4,086 ABIOMED INC 81 6,829 25,281 ABM INDUSTRIES INC 90 2,579 3,992 ACACIA RESEARCH CORP 105 1,779 710 ACADIA HEALTHCARE CO INC 158 8,583 9,915 ACADIA PHARMACEUTICALS INC 194 6,132 4,732 ACADIA REALTY TRUST 47 1,418 1,032 ACCELERATE DIAGNOSTICS INC 80 1,788 645 ACCELERON PHARMA INC 70 2,571 8,784 ACCO BRANDS CORP 187 1,685 1,614 ACCURAY INC 64 483 289 ACI WORLDWIDE INC 166 3,338 6,165 ACTIVISION BLIZZARD INC 1,394 52,457 133,043 ACUITY BRANDS INC 77 13,124 14,401 ACUSHNET HOLDINGS CORP 130 2,487 6,422 ADAPTHEALTH CORP 394 14,628 10,800 ADAPTIVE BIOTECHNOLOGIES CORP 245 11,342 10,011 ADOBE INC 891 82,407 521,805 ADT INC 117 716 1,262 ADTALEM GLOBAL EDUCATION INC 99 4,475 3,528 ADTRAN INC 102 2,202 2,106 ADVANCE AUTO PARTS INC 36 6,442 7,385 ADVANCED DRAINAGE SYSTEMS INC 116 3,153 13,522 ADVANCED ENERGY INDUSTRIES INC 64 1,704 7,213 ADVANCED MICRO DEVICES INC 2,228 43,435 209,276 ADVERUM BIOTECHNOLOGIES INC 439 8,321 1,537 AECOM 283 12,113 17,920 AERIE PHARMACEUTICALS INC 78 2,709 1,249 AERSALE CORP 2,551 30,599 31,785 AES CORP/THE 1,294 17,534 33,735 AFFILIATED
  • TRAINING and EDUCATION MARKET UPDATE | COVID-19 Houlihan Lokey Training and Education Market Update

    TRAINING and EDUCATION MARKET UPDATE | COVID-19 Houlihan Lokey Training and Education Market Update

    TRAINING AND EDUCATION MARKET UPDATE | COVID-19 Houlihan Lokey Training and Education Market Update The outbreak of COVID-19 has resulted in a global health emergency and sent financial markets into a frenzy. Houlihan Lokey presents an initial assessment of the impact on the training and education industry Select Sector Observations In recent weeks, COVID-19 (or, the “coronavirus”) has globally sent shock waves through markets and captured the attention of the world. Since mid-February, the SELECT outbreak has accelerated and infections have become widespread, resulting in HOULIHAN LOKEY significant market volatility that is expected to continue in the near term. Substantial CREDENTIALS disruption to business operations has occurred, and all sectors of the economy have been impacted, including the training and education (T&E) industry, which is ECE K–12 adapting to a remote workforce and 1.5 billion academic students now learning from home.(1) The T&E market has a fundamentally robust, long-term outlook, which remains has been acquired by has been acquired by unchanged due to ongoing growth in demand, often multi-year revenue visibility, and ongoing innovation. While the near-term outlook for the T&E industry varies by subsector, the rapidly shifting delivery modes resulting from the current disruption Sellside Advisor Financial Advisor & Fairness Opinion may accelerate underlying secular trends. Early Childhood Education (ECE): The closure of early childhood education centers will pose near-term revenue challenges for the sector. The revenue impact K–12 K–12 to employer-funded, work-based childcare may be somewhat delayed, since much of that revenue is contracted.
  • IN the UNITED STATES BANKRUPTCY COURT for the DISTRICT of DELAWARE ) in Re: ) Chapter 11 ) PES HOLDINGS, LLC, Et Al.,1 ) Case No

    IN the UNITED STATES BANKRUPTCY COURT for the DISTRICT of DELAWARE ) in Re: ) Chapter 11 ) PES HOLDINGS, LLC, Et Al.,1 ) Case No

    Case 19-11626-KG Doc 130 Filed 07/31/19 Page 1 of 18 IN THE UNITED STATES BANKRUPTCY COURT FOR THE DISTRICT OF DELAWARE ) In re: ) Chapter 11 ) PES HOLDINGS, LLC, et al.,1 ) Case No. 19-11626 (KG) ) Debtors. ) (Jointly Administered) ) DEBTORS’ APPLICATION FOR ENTRY OF AN ORDER AUTHORIZING THE EMPLOYMENT AND RETENTION OF PJT PARTNERS LP AS INVESTMENT BANKER FOR THE DEBTORS AND DEBTORS IN POSSESSION, EFFECTIVE NUNC PRO TUNC TO THE PETITION DATE The above-captioned debtors and debtors in possession (collectively, the “Debtors”)2 respectfully state the following in support of this application (this “Application”). Relief Requested 1. The Debtors hereby seek entry of an order, substantially in the form attached hereto as Exhibit A (the “Order”), (a) authorizing the employment and retention of PJT Partners LP (“PJT”) as investment banker for the Debtors, in accordance with the terms and conditions set forth in that certain engagement letter, including any amendments and schedules thereto, dated as of July 12, 2019, attached to the Order as Exhibit 1 ( “Engagement Letter”), effective nunc pro tunc to the Petition Date, and (b) modifying the time keeping requirements under rule 2016(a) of 1 The Debtors in these chapter 11 cases, along with the last four digits of each Debtor’s federal tax identification number, are: PES Holdings, LLC (8157); North Yard GP, LLC (5458); North Yard Logistics, L.P. (5952); PES Administrative Services, LLC (3022); PES Energy Inc. (0661); PES Intermediate, LLC (0074); PES Ultimate Holdings, LLC (6061); and Philadelphia Energy Solutions Refining and Marketing LLC (9574). The Debtors’ service address is: 1735 Market Street, Philadelphia, Pennsylvania 19103.
  • Investment Banking and Capital Markets Sector

    Investment Banking and Capital Markets Sector

    Financial Institutions Group Investment Banking and Capital Markets Sector U.S. MARKET UPDATE SUMMER 2021 Introduction: U.S. Investment Banking and Capital Markets Sector Houlihan Lokey’s Financial Institutions Group (FIG) is excited to release the inaugural edition of a new report on the U.S. investment banking and capital markets sector. Our report comes during a particularly dynamic period in the industry. While the volatility and turbulence of 2020 created a polarized environment of “winners and losers,” virtually all segments of the market are now experiencing strong performance. For the first time in years, M&A fee pools are up Y/Y in every sector. Growth has been fueled by pent-up 2020 demand now being unleashed, the specter of capital gains tax increases and a generally bullish backdrop of record stock prices and inexpensive debt financing. SPACs completely transformed the investment banking landscape, providing a boon to bulge-bracket underwriting desks and emerging as a buyer of choice for private assets. 571 SPACs launched IPOs in the last year, representing 60% of all IPO capital raised, and steered by everyone from Bill Ackman to Colin Kaepernick. Regardless of whether proposed regulatory reform materializes, hundreds of SPACs will be seeking and consummating transactions over the next couple of years. Just as pandemic-driven volatility was unwinding and trading volumes were beginning to decelerate, retail traders reasserted themselves as forces in the secondary market. As GameStop stock topped $400 in late January, market-wide daily equity trading volumes overtook records set at the height of the 2008 financial crisis. Volumes have once again begun settling, but new product origination and new ways for traders to access the market should create a longer-term lift for brokers, market-makers, exchanges, and technology providers.
  • Galaxy Digital Announces Launch of Decentralized Finance (Defi) Index Fund

    Galaxy Digital Announces Launch of Decentralized Finance (Defi) Index Fund

    NEWS RELEASE Galaxy Digital Announces Launch of Decentralized Finance (DeFi) Index Fund 8/19/2021 The Fund seeks to track the newly launched Bloomberg Galaxy DeFi Index NEW YORK, Aug. 19, 2021 /CNW/ - Galaxy Digital Holdings Ltd. (TSX: GLXY) ("Galaxy Digital" or the "Company"), the pre-eminent global provider of blockchain and cryptocurrency nancial services for institutions, today announced the launch of the Galaxy DeFi Index Fund, a passively managed fund that seeks to track the performance of the newly-launched Bloomberg Galaxy DeFi Index (ticker: DEFI). As one of the fastest growing sectors in crypto, DeFi brings nancial services on-chain, enabling participants to borrow, lend, and exchange assets on blockchains governed by smart contracts instead of through centralized intermediaries. DeFi is distinct because it expands the use of blockchain from simple value transfer to more complex nancial use cases. At the time of writing, users have deposited over $80.7 billion worth of crypto into DeFi smart contracts up from $4.7 billion one year ago today. The Galaxy DeFi Index Fund seeks to provide institutional investors access to returns based on the performance of DeFi through a simple, secure vehicle with exposure to the largest, most liquid portion of the decentralized nance crypto market, one of the fastest-growing segments of the crypto ecosystem. The fund is seeded by NZ Funds, a wealth management rm that manages over $2bn of New Zealanders' savings. "Galaxy continues to pioneer inroads for institutions seeking exposure to the innovation happening within the crypto ecosystem," said Steve Kurz, Partner and Head of Asset Management at Galaxy Digital.
  • What's the Fastest Growing Investment Bank in Europe?

    What's the Fastest Growing Investment Bank in Europe?

    WHAT’S THE FASTEST GROWING INVESTMENT BANK IN EUROPE? The Answer Might Surprise You. Over the past four years, Houlihan Lokey has been growing all over the world. From Europe to the Middle East to Australia, we have steadily added offices, new business lines, and talented financial professionals to expand our comprehensive suite of services for clients around the globe—regularly topping league tables and winning coveted industry awards along the way. But we’re most excited about our expansion in Europe, particularly in corporate finance where the pace of our growth has been nothing less than remarkable. It’s all part of our mission to be the clear leader across all of our products and services—not just in the U.S., but everywhere we operate. 1 Unprecedented Growth in Europe 175 155 6X Bankers Mandates Increase in the number of dedicated More than 750% growth in 4 years More than 740% increase over 5 years financial sponsor coverage officers in Europe since 2016 Significant €7B 4 Acquisitions Committed debt financing arranged McQueen, Leonardo & Co., Quayle over the past 2 years Munro, and BearTooth since 2014 A simple goal: To be No. 1 in all businesses and markets. Our corporate finance growth strategy in Europe and around the world is simple: To replicate our decades-long leadership in financial restructuring, establishing Houlihan Lokey as the leading corporate finance advisor and the leading financial restructuring advisor in every single market. It is doubtless a tall order. With more than 200 professionals, our Financial Restructuring + business is the largest of its kind among any investment banking firm in the world, having advised 200 on more than 1,000 transactions over the past three decades with aggregate debt claims in Financial excess of $2.5 trillion.
  • Including League Tables of Financial Advisors

    Including League Tables of Financial Advisors

    An Acuris Company Finding the opportunities in mergers and acquisitions Global & Regional M&A Report 2019 Including League Tables of Financial Advisors mergermarket.com An Acuris Company Content Overview 03 Global 04 Global Private Equity 09 Europe 14 US 19 Latin America 24 Asia Pacific (excl. Japan) 29 Japan 34 Middle East & Africa 39 M&A and PE League Tables 44 Criteria & Contacts 81 mergermarket.com Mergermarket Global & Regional Global Overview 3 M&A Report 2019 Global Overview Regional M&A Comparison North America USD 1.69tn 1.5% vs. 2018 Inbound USD 295.8bn 24.4% Outbound USD 335.3bn -2.9% PMB USD 264.4bn 2.2x Latin America USD 85.9bn 12.5% vs. 2018 Inbound USD 56.9bn 61.5% Outbound USD 8.9bn 46.9% EMU USD 30.6bn 37.4% 23.1% Europe USD 770.5bn -21.9% vs. 2018 50.8% 2.3% Inbound USD 316.5bn -30.3% Outbound USD 272.1bn 28.3% PMB USD 163.6bn 8.9% MEA USD 141.2bn 102% vs. 2018 Inbound USD 49.2bn 29% Outbound USD 22.3bn -15.3% Ind. & Chem. USD 72.5bn 5.2x 4.2% 17% 2.6% APAC (ex. Japan) USD 565.3bn -22.5% vs. 2018 Inbound USD 105.7bn -14.8% Outbound USD 98.9bn -24.5% Ind. & Chem. USD 111.9bn -5.3% Japan USD 75.4bn 59.5% vs. 2018 Inbound USD 12.4bn 88.7% Global M&A USD 3.33tn -6.9% vs. 2018 Outbound USD 98.8bn -43.6% Technology USD 21.5bn 2.8x Cross-border USD 1.27tn -6.2% vs.