Financial Institutions
Industry overview
Macquarie Capital's Financial Institutions team combines our specialist financial expertise and experience with a dedicated focus on companies in the banking, wealth management, securities, insurance and other financial industries.
Our specialisation along industry lines has enabled us to develop a deep understanding of our clients' businesses as well as the issues and challenges they face.
This specialisation allows us to assist our clients with advice on mergers and acquisitions, debt and equity underwriting and research, initial public offerings, structuring, strategic and capital management.
We also have extensive relationships with government, regulatory bodies and industry groups.
In December 2009, Macquarie Capital completed the acquisition of Fox-Pitt Kelton Cochran Caronia Waller, a global investment bank with a specialist focus on financial institutions in Europe and North America. Combined with our strong Asia-Pacific franchise, the acquisition expanded our presence of specialised financial institutions advisory, ECM and research professionals to 11 offices globally.
Financial Institutions team global coverage
Key transactions
Recent transactions around the globe include:
| Year | Description | Transaction Value |
|---|---|---|
| 2009 | Co-lead manager and underwriter on the Lloyds Banking Group rights issue | £13.5bn |
| 2009 | Equity underwriter to ANZ on their issue of convertible preference shares | $A1.1bn |
| 2009 | Equity underwriter to Genworth MI on its IPO of common stock | $A1.1bn |
| 2009 | Equity arranger to Macquarie Group on its placement of ordinary shares | $A540m |
| 2009 | Equity underwriter, arranger and broker to QBE on their accelerated institutional equity placement | $A2.0bn |
| 2009 | Adviser to Macquarie Investment Lending on the sale of its margin lending portfolio to Leveraged Equities, a wholly owned subsidiary of Bendigo and Adelaide Bank | $A1.6bn |
| 2009 | Joint bookrunner and joint lead manager for the H-share IPO of China Minsheng Banking Corporation | $US4.03bn |
| 2009 | Adviser to PT Mestika Benua Mas in relation to the sale of its controlling stake in Bank Mestika Dharma to RHB Capital | $US369m |
| 2009 | Adviser to Yingda Taihe Life Insurance Company, a subsidiary of State Grid Corporation of China, in relation to the introduction of a foreign strategic investor | $US94m |
| 2009 | Adviser to Tokio Marine on its acquisition of Philadelphia Financial | $US4.7bn |
| 2009 | Adviser to Pearl Group on a reversed merger into Dutch listed vehicle Liberty Acquisitions Holdings | £1.0bn |
| 2008 | Adviser to Wells Fargo on a follow-on offering of 468.5 million shares | $US1.0bn |
| 2008 | Adviser to AIG on a follow-on offering of 196.7 million shares | $US5.0bn |
| 2008 | Equity arranger to Suncorp Metway on their issue of convertible preference shares | $US5.0bn |
| 2008 | Adviser to Macquarie Bank on the sale of its Italian mortgage business to Barclays Bank | $A2.1bn |
| 2008 | Equity arranger to Westpac Banking Corporation on their issue of stapled preference securities | $A1.0bn |
| 2008 | Adviser to MBF Australia on their demutualisation and merger with Bupa Australia by way of a scheme of arrangement | $A2.4bn |
| 2008 | Adviser and debt arranger to Macquarie Capital Finance on its agreement to purchase the business and assets of CIT Systems Leasing from CIT | $A676m |
| 2008 | Equity arranger to Macquarie Group on its issue of convertible preference securities | $A600m |
| 2008 | Co-underwriter to the Canadian Imperial Bank of Commerce on its treasury offering of common shares | $A1.6bn |
| 2008 | Adviser to the Bank of Montreal on their bought deal prospectus offering of common shares | $C1.0bn |
| 2008 | Senior co-manager for the IPO of Visa Inc, the largest IPO in US history | $US19.65bn |
Contact us
For further information please contact:
Len Caronia
Global Head of the Financial Institutions team
- Call: +1 312 660 9160
- More contacts