18 result(s) displayed (1 - 18 of 18):
Stop us if you've heard this: Big Japanese company tries to globalize, is undermined by culture clash resulting from its insular habits. Matsushita-MCA in the 1990s, right? Or maybe Nomura Holding Inc. (NYSE:NMR) in the same period?Try Nomura in 2009. Once more looking to expand its U.S. presence, once more...
Posted on July 29, 2009 2:02 PM
D'oh! I hate integration problems like that!According to a publication called Operations Management, Nomura Holdings Inc. is facing a frustrating snag its acquisition of Lehman Brothers Holdings Inc.'s Asia, India and European operations. Seems they got the software for Lehman's prime brokerage system, but not the U.S.-based hardware, which went...
Posted on February 3, 2009 10:39 AM
Have you wondered whether all the high-speed dealmaking in the financial sector is leading to any mistakes? The answer is yes. An item posted on the legal blog "Above the Law" on Friday tells about a couple of associates at Cleary Gottlieb Steen & Hamilton LLP doing some late-night Excel...
Posted on October 15, 2008 11:32 AM
Banks spend billions every year on outsourcing, making financial services one of the fastest growing sectors in the industry. So what's going to happen to all those outsourcing contracts as consolidation shrinks the banking industry? What will the fallout be for outsourcing service providers? And what choices - and opportunities...
Posted on October 10, 2008 11:50 AM
If you attended our Corporate Dealmaker Forum on Oct. 2 and 3 in New York, you know our speakers had plenty to say on a range of timely topics, from bank consolidation to buying troubled companies to doing deals in emerging markets. If you couldn't make it, not to worry....
Posted on October 7, 2008 1:08 PM
We've been writing a lot over the past few months about laid-off investment bankers and the career options out there for them. But a conversation with David Carney, a principal with Deloitte Consulting LLP, offered a sobering assessment of what it's like for some of the thousands of rank-and-file employees still...
Posted on October 1, 2008 11:10 AM
In a decision that could pull in $16 billion worth of investment, global index provider FTSE Group just upgraded South Korea from an "advanced emerging" market to "developed" status. The U.S. is struggling, but, Treasury Secretary Henry Paulson considers creating an entity to eat up bank's bad debt.
Posted on September 18, 2008 3:39 PM
Casualties of the latest tectonic shifts on Wall Street brought on by Lehman Brothers Holdings Inc., Barclay plc, Bank of America Corp. and Merrill Lynch & Co. will be thrust into a job market saturated with finance talent. Tens of thousands of bankers are looking for work, making for unprecedented...
Posted on September 17, 2008 1:53 PM
It sounds cold to say so, but earthquakes mean work for architects, carpenters and plumbers. Likewise, the tectonic shifts now reshaping the world of finance are creating opportunities for some folks. Bankruptcy and restructuring experts are one group that's obviously going to be busy for a while. Another such group...
Posted on September 17, 2008 10:32 AM
That comment was made in jest by a Bank of America Corp. employee in Charlotte, N.C., but if the newspaper story in which it appeared is any indication, it reflects the upbeat mood of politicians and business boosters following BofA's deal to buy Merrill Lynch & Co. BofA is headquartered...
Posted on September 16, 2008 11:59 AM
How different is finance from every other industry? Pretty darn different. For the financial folks, the inventory is the ethereal stuff that everyone else uses to keep score, store value, translate steel into TV shows or computer chips into potato chips. Some of that stuff is theirs, much of it...
Posted on September 16, 2008 10:29 AM
The Deal's George White sat in on a presentation by Paul Parker, co-head of M&A for Lehman Brothers, at Thursday's International Bar Association's International Mergers and Acquisitions Conference in New York. Parker didn't address the management shakeup at Lehman, but he did talk about the role of strategics in today's...
Posted on June 12, 2008 2:21 PM
Fort Worth oil explorer Encore Acquisition Corp. retained Lehman Brothers Inc. as a financial adviser to help the company seek out strategic alternatives, including a merger or sale of the entire company, sending shares soaring. Encore shares were up almost 10% in premarket trading Thursday morning to $70.14, a...
Posted on May 22, 2008 8:37 AM
Campbell Soup Co. has spent the last year pursuing a strategic restructuring, and now it has a new dealmaker to explore growth initiatives moving forward. The 81-year-old consumer food giant, which in addition to its signature soups owns V8 and Pepperidge Farm, has hired former Lehman Brothers Inc. investment banker Tarkan...
Posted on May 19, 2008 12:15 PM
If you read this blog, you're well aware of the challenges of setting up and managing a joint venture with a foreign partner, particularly in a developing country. Get sloppy with your intellectual property, client lists or other proprietary information and risk seeing your partner take advantage. Understandably, we write...
Posted on April 24, 2008 8:27 AM
Travel Acquisitions Group, formerly a portfolio of Carlson Cos. known as Carlson Leisure Group, enlisted J.D. O'Hara to serve as the company's new senior vice president of corporate development, with a mandate to seek M&A opportunities. O'Hara hails from investment bank Lehman Brothers Inc., where he advised clients and...
Posted on February 29, 2008 3:32 PM
Newell Rubbermaid Inc. announced two deals in the past week: buying Aprica Kassai Inc., a Japanese maker of children's car seats and other products for kids, for an undisclosed amount, and the $415 million purchase of touch-free public restroom equipment maker Technical Concepts Holdings LLC. Newell said the Aprica buy...
Posted on February 28, 2008 8:00 AM
It's 2004. Do you know where your M&A banker is? It's not such an easy question to answer these days. Investment banking executives, long known for business units that boom and bust along with markets, have outdone themselves in recent years. M&A specialists were among the hardest hit in the...
Posted on February 15, 2004 5:04 PM
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Juergen Lasowski
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