Deutsche Bank looks to raise up to €1.8 billion in partial IPO of DWS
Deutsche Bank has unveiled further details of the Initial Public Offering of its asset management business, as well as a deal with Japanese insurer Nippon Life

Real estate credit manager Terra Capital forms partnership with Axar
Real estate credit manager Terra Capital Partners has formed a strategic partnership agreement with Axar Capital Management, the firms have announced

Joint offering from Allfunds and INTL FCStone targets institutional investors
New York-based financial services firm INTL FCStone Financial has entered into an agreement offshore mutual fund distribution platform Allfunds Bank, which offers access to more than 57,000 funds

London direct lender rebrands following acquisition by Investec
Investec Bank has rebranded Amicus Commercial Finance as Investec Capital Solutions, following Investec’s acquisition of Amicus Commercial Finance in December

JP Morgan AM professional to lead spin-out of credit hedge fund
Former JP Morgan Asset Management portfolio manager Fahad Roumani appears to be gearing up to lead a spin-out firm, which will manage the JPS Credit Opportunities Fund under its new name

Bain swoops for another portfolio in Italy
Bain Capital Credit has acquired yet another portfolio of assets from a European bank

Conning moves into emerging market debt after buying stake in fund manager
Conning has agreed to acquire a 45% stake in emerging market debt specialist Global Evolution

Hayfin acquires US CLO manager
European credit platform Hayfin Capital Management has signed an agreement to acquire a US CLO specialist

London boutique manager to buy Banca Carige's consumer credit unit
Banca Carige, based in Genoa, has entered into exclusive negotiations with London-based Chenavari over the sale of the bank's credit unit, Creditis Servizi Finanziari

Credit Suisse unit acquires majority stake in SME-focused Swiss startup
The financial services giant's venture capital investment arm, SVC-Ltd, has acquired a majority stake in Swiss alternatives startup Tradeplus24

Bain rebrands Dublin unit and applies for management license in Ireland
Dublin-based Broadhaven Credit Partners - launched as a JV between Bain and financier Dermot Desmond - will now operate as Bain Capital Credit

Alantra teams up with boutique to create mid-market advisory
The Spanish asset manager continues to strengthen its presence in Europe, teaming up with a UK corporate finance firm to create a global advisory business in the mid-market

BNP Paribas acquires stake in SME credit specialist Caple
BNP Paribas Asset Management has acquired a 10% stake in Caple, which facilitates lending to small and mid-sized enterprises through a fintech platform

Bain buys Italian loan book to make it 17 NPL portfolio acquisitions
Bain Capital Credit’s European team has now invested over €2.2 billion in non-performing loan portfolio acquisitions since 2011

Direct lenders look to spread their wings and cross the Atlantic
Middle-market lending is becoming a global business amid talks of JVs

British Business Bank joins forces with Start Up Loans Company
The British Business Bank and the Start Up Loans Company are set to merge, according to a joint-statement issued yesterday. The former has supported a number of UK direct lending funds