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Top related persons:
NBR's - 1 Stefano Bontempelli - 1 Cherry - 1 Neuberger Berman - 1 Valentina Za - 1 Kirsten Donovan - 1
Top related locs:
Milan Cherry Bay Inetum
Top related orgs:
MILAN - 1 Cherry - 1 Cherry Bay Capital Group - 1 Banco - 1 Engineering - 1 Thomson - 1

Search resuls for: "Inetum"


2 mentions found


☆ NB Renaissance invests in app developer Bending Spoons, eyes IPO
  + stars: | 2023-08-03 | by ( ) www.reuters.com   time to read: +1 min
MILAN, Aug 3 (Reuters) - NB Renaissance has invested in Milan-based mobile app developer Bending Spoons to help the company expand in a fast-growing market, including through merger and acquisition deals, the private equity firm said on Thursday. Bending Spoons is one of the world's top app providers with 500 million downloads and 100 million active users a month. "In securing the deal, NB Renaissance leveraged its strong relationship with Bending Spoons' founding team," it said, adding they had first worked together in 2019 on a potential U.S. acquisition deal. NB Renaissance did not disclose the size of the investment, saying only it had taken a minority stake, with NBR's senior partner Stefano Bontempelli appointed as member of the board. NB Renaissance is part of Neuberger Berman, a private, independent and employee-owned investment manager with $443 billion of assets under management.
Persons: NBR's, Stefano Bontempelli, Cherry, Neuberger Berman, Valentina Za, Kirsten Donovan Organizations: MILAN, Cherry, Cherry Bay Capital Group, Banco, Engineering, Thomson Locations: Milan, Cherry Bay, Inetum
☆ Banks battle to shed unsold buyout loans - sources
  + stars: | 2023-01-31 | by ( Chiara Elisei Nell Mackenzie Pablo Mayo Cerqueiro | Chiara Elisei | Nell Mackenzie | ) www.reuters.com   time to read: +4 min
A trading book includes loans banks have earmarked for sale and are thus marked-to-market, while a banking book is where a lender holds loans and other assets not intended for disposal. This implies a heavy discount of 15 pence on the pound if banks sell the loans at that level. Banks make money also by charging the borrower a fee to provide loans, then sell the loans to third party investors. Reuters could not ascertain the exact size of the hit on the loans sold. On the flipside, loans sold by banks can generate attractive gains for buyers.
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