Financial, Global, Global Investment, News, Private Equity

Standard Chartered to Consider Exiting Private Equity Business

Standard Chartered to Consider Exiting Private Equity Business

Standard Chartered is considering spinning out its private equity business to its managers as CEO Bill Winters intends to simplify the bank and reduce the amount of risk it takes. It may exit Standard Chartered Private Equity as it faces tougher capital rules and losses from the unit.

“Standard Chartered Private Equity has been involved in deals worth at least $1.5 billion since the start of 2015.”

~ Bloomberg

Standard Chartered Private Equity has been involved in deals worth at least $1.5 billion since the start of 2015. Acquisitions include stakes in Singaporean companies Phoon Huat & Co, a vendor of baking ingredients such as pie fillings and confectioners’ sugar, and Crystal Jade Culinary Concepts Holding Pte, a restaurant chain known for its steamed dumplings and spicy noodles. It is also among the biggest shareholders in Union Bank of Nigeria Plc, a lender whose stock has plunged 35 percent so far this year.

Related Reports: Bloomberg, Business Times

About Standard Chartered Private Equity

Our Corporate Private Equity business is a powerful combination of a diverse and experienced team and our unique international relationships and footprint. We have a strong track record of providing a professional shareholding partnership for mid- to late-stage companies across a wide range of industries that require equity funding for expansion or to finance changes of ownership, such as acquisitions or management buy-outs.

We pride ourselves on finding situations where others do not recognise value and we help our partners:

  • Benefit from strategic financial advice
  • Gain access to our international network, expertise and relationships
  • Gain capital for growth

Visit: Standard Chartered Private Equity

 


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