FirstCorp

Article Abstract:

South African merchant bank FirstCorp is gearing up to take on the new competition from European and US firms which are moving into South Africa. Although the foreign banks have the advantage of greater underwriting power, South African banks may be helped by the unwillingness of South African firms to pay large fees. The amount of M&A business around is limited by the illiquidity of the country's stock market and the dominance of large conglomerates. However FirstCorp wins many high-profile mandates and has high hopes for M&A work resulting from black empowerment.

Company Profile, FirstCorp

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A tonic, or a double scotch on the rocks

Article Abstract:

Caledonian Capital, a 50/50 joint venture between the Royal Bank of Scotland and the Bank of Scotland, is targeting senior debt management of at least 100 million pounds sterling. The company's first chance to demonstrate its strength in the market is its recent support of the $2.1 billion leveraged buyout of Zeneca Specialty Chemicals, providing $200 million of the $585 million debt package.

Investments, Joint ventures, Bank of Scotland, Bank investments, Royal Bank of Scotland PLC, Mezzanine financing, Caledonian Capital

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Reis replaces Frankfurter on a roll

Article Abstract:

European bank Warburg Dillon Read (WDR) has poached the former head of German mergers and acquisitions from rival CSFB, Hartmuth Jung, leaving newly appoint head of chemicals at CSFB to take over Jung's former role as well. Norbert Reis is the new man at CSFB, with his new employees stressing his abilities for both new roles and trying to play down the departure of Jung.

Human resource management, Germany, CSFB Effectenbank AG, Warburg Dillion Read

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