trending Market Intelligence /marketintelligence/en/news-insights/trending/ORgg7WNhXl5DSlv0uOlK9g2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

StanChart to spin-off PE business, sell related investment funds to ICG

Street Talk Episode 68 - As many investors zig away from bank stocks, 2 vets in the space zag toward them

Street Talk Episode 66 - Community banks tap the debt markets while the getting is good

Street Talk Episode 67 - Veteran investor tabs Mick Mulvaney to help with latest financial stock-focused fund

Street Talk Episode 65 - Deferral practices trap US bank portfolios in purgatory

StanChart to spin-off PE business, sell related investment funds to ICG

Standard Chartered PLC has agreed on conditions for the spin-off of its private equity business, which it envisions happening in the first half of 2019 as part of a management buyout.

The U.K. bank agreed terms for the sale of most of its private equity investment portfolio to funds managed by U.K.-based asset manager Intermediate Capital Group PLC unit ICG Strategic Equity.

The deal underpins a management buyout by Affirma Capital, a new company owned by members of the management team of Standard Chartered Private Equity Ltd., which is part of the group's principal finance business.

Post-transaction, Affirma Capital will manage investment activities and the aforementioned portfolio — made up of private equity investments in 35 companies mainly in Asia and Africa — along with the portfolio owned by third-party investors in SCPE's existing funds.

The deal is expected to incur roughly $160 million in restructuring costs.

Standard Chartered put up its private equity business for sale in May and began talks on a deal with Intermediate Capital Group in August.