BusinessCorporate FinanceCredit Suisse ranking slips in M&As

Credit Suisse ranking slips in M&As

Credit Suisse First Boston has seen the value of mergers and acquisition deals fall by 40%. CSFB advised on $90.4bn (£54.4bn) of deals for the nine months to the end of September this year, compared with $150bn (£89.9bn) for the same period last year. It means CSFB has fallen from second to eight in the adviser rankings for global M&As.

  • Intellectual property business IP2IPO is planning a £100m float on Aim within the next few weeks. IP2IPO, which was set up to commercialise academic research, has partnerships with universities that give it stakes in the profits from licensing intellectual property in return for early funding and management know-how. The business is currently owned by investment bank Evolution Group.
  • GE Corporate Financial Services has announced the outright purchase of corporate finance solutions company NMB Heller Ltd UK from its Dutch parent. The transaction will transfer £645m in assets to GE Corporate Financial Services’ £5.5bn asset portfolio in Europe. GE said the deal would enable it to offer a broader portfolio of working capital solutions.

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