Wells Fargo will continue to own a 9.9% stake in the company and serve as client and distribution partner. GameStop and AMC Entertainment shares active again premarket, Twitter cracks down on coronavirus-vaccine misinformation, Starbucks non-dairy beverages, including Oatly oatmilk coffee drinks, go nationwide on March 2, Tesla’s market share in Europe keeps crumbling, as China reclaims top spot in global EV race, China’s top banking regulator warns of asset bubbles on Wall Street and elsewhere, Infineon to replace Nokia in Euro Stoxx 50, Desktops are making a comeback during the pandemic, I married the ‘life of the party’ who was a regular at Royal Ascot. Baring Asia Private Equity is a mid-market, pan-Asian private equity firm focused on buyout and growth opportunities. WFC, But all he does is take his financial troubles out on me, Desktops are making a comeback during the pandemic, All Apple retail stores in U.S. open for first time in almost a year; stock jumps. BlackBerry Ltd undefined was up 3.8%, and Naked Brand Group Ltd. undefined was up 9.5%. SPX, Nico Marais will remain CEO, as he has been since June 2019. The deal is expected to close in the second half The asset manager has $603 billion in assets under management, 24 offices globally and teams supported by more than 450 investment professionals, the company said in a statement. Wells Fargo selling asset management business to GTCR, Reverence Capital Partners Skip to main content Wells Fargo & Co. GTCR LLC is a leading private equity firm focused on investing in growth companies in the growth business services, technology, media & telecommunications, healthcare, and financial services & technology industries. Hong Kong-based investment firm ZQ Capital said on Monday it has sold U.S. diversified medical devices maker Surgical Specialties Corporation to Chicago-based private equity firm GTCR. Hong Kong-based investment firm ZQ Capital said on Monday it has sold U.S. diversified medical devices maker Surgical Specialties Corporation (SSC) to Chicago-based private equity firm GTCR. +2.54% Wells Fargo & Co. The group of "meme" stocks, led by videogame retailer GameStop Corp. undefined that have been volatile in recent weeks as investors on a Reddit subgroup have egged each other on, were active again in premarket trade Monday. The firms named in a Bloomberg report include two private equity firms and two asset management firms. CPPIB committed US$100 million to Baring Asia Fund V in 2010, US$335 million to Baring Asia Fund VI in 2014 and US$500 million to Baring Asia Fund VII in 2018. Hong Kong-based ZQ Capital has sold Surgical Specialties Corporation (SSC) to Chicago-based private equity firm GTCR, in a deal a source said valued the U.S. diversified medical devices maker at around $800 million including debt. Mr. Noell is currently a director of 365 Retail Markets, The Chernin Group, DoubleVerify and Smartly.io. WFC, Copyright © 2021 MarketWatch, Inc. All rights reserved. Buffett didn’t talk about succession, the significant underperformance of Berkshire shares, missed investment opportunities during 2020, and Berkshire’s leadership team. Ciara Linnane is MarketWatch's investing- and corporate-news editor. +2.54% +2.38% Copyright © 2021 MarketWatch, Inc. All rights reserved. The deal is expected to close in the second half The asset manager has $603 billion in assets under management, 24 offices globally and teams supported by more than 450 investment professionals, the company said in a statement. Based in … But all he does is take his financial troubles out on me. Sequoia Capital hacked, warns LPs personal and financial info may have been accessed. ... GTCR … Wells Fargo shares were down 0.5% premarket and are down 22% in the last 12 months, while the S&P 500 Once the deal closes, the new company will be rebranded. Once the deal closes, the new company will be rebranded. Firm News Mike Didymus-February 23, 2021. She is based in New York. GTCR: Chicago Chicago: 1992 1980 1992 1980 Goldman Sachs: Goldman Sachs Capital Partners: New York: 1986 na JPMorgan Chase & Co. CCMP Capital (fka JPMorgan Partners) One Equity Partners: New York Chicago: 1984 ... Largest private-equity firms by PE capital raised. Koss Corp. undefined, a maker of headphones, was up 2.9%. Wells Fargo & Co. WFC, -1.91% said Tuesday it has agreed to sell Wells Fargo Asset Management to private-equity firms GTCR LLC and Reverence Capital Partners LP for $2.1 billion. Founded in 1996, Vivo Capital is a leading global healthcare investment firm with a diverse, multi-fund investment platform in venture capital, growth equity, buyout, and public equities. Ciara Linnane is MarketWatch's investing- and corporate-news editor. Surge Private Equity has made an investment in Maryland-based RAC, an ecommerce platform that sells products for retail chicken owners. +2.38% The Chicago firm and another private-equity firm are buying the bank's asset management business. Joseph A. Sullivan, former chairman and CEO of Legg Mason, will become executive chairman. Private equity firms GTCR and Reverence Capital Partners have agreed to carve out Wells Fargo Asset Management in a $2.1bn deal. No financial terms were disclosed. SPX, Wells Fargo & Co. WFC, -0.32% said Tuesday it has agreed to sell Wells Fargo Asset Management to private-equity firms GTCR LLC and Reverence Capital Partners LP for $2.1 billion. has gained 16%. She is based in New York. GTCR will invest in WFAM from GTCR Fund XIII, a private equity fund raised in 2020 with $7.5 billion of limited partner capital commitments. GameStop and AMC Entertainment shares active again premarket, Nio’s sales top $2 billion in ‘transformational’ year, Starbucks non-dairy beverages, including Oatly oatmilk coffee drinks, go nationwide on March 2, China’s top banking regulator warns of asset bubbles on Wall Street and elsewhere, Infineon to replace Nokia in Euro Stoxx 50, I married the ‘life of the party’ who was a regular at Royal Ascot. Barclays acted as financial advisor and Kirkland & Ellis acted as legal advisor to GTCR in this transaction. Wells Fargo shares were down 0.5% premarket and are down 22% in the last 12 months, while the S&P 500 Wells Fargo will continue to own a 9.9% stake in the company and serve as client and distribution partner. The two private equity firms named in the report are GTCR and Reverence Capital Partners. About GTCR Founded in 1980, GTCR is a leading private equity firm focused on investing in growth companies in the Healthcare, Financial Services & Technology, Technology, Media & Telecommunications and Growth Business Services industries. Nico Marais will remain CEO, as he has been since June 2019. He co-leads the firm's private equity investment activities in North America and is a member of the firm’s investment, portfolio review and operating committees. said Tuesday it has agreed to sell Wells Fargo Asset Management to private-equity firms GTCR LLC and Reverence Capital Partners LP for $2.1 billion. Davis Noell is a senior managing director based in our New York office. GameStop shares were up 5% premarket, while shares of AMC Entertainment Holdings Inc. undefined, the world's biggest cinema chain, were up 12%. has gained 16%. GameStop shares have gained 440% in the year to date, as investors on Reddit's WallStreetBets platform sought to punish short sellers who had driven short interest in the stock to 140% by buying the stock and creating a short squeeze. Website said Tuesday it has agreed to sell Wells Fargo Asset Management to private-equity firms GTCR LLC and Reverence Capital Partners LP for $2.1 billion. Joseph A. Sullivan, former chairman and CEO of Legg Mason, will become executive chairman.