Deutsche Bank Shuffles M&A Ranks; Ratigan to Leave
14 July 2016 - 4:10PM
Dow Jones News
Deutsche Bank AG promoted investment banker Charlie Dupree to
lead its Americas mergers-and-acquisitions team, succeeding Jim
Ratigan, who plans to leave the bank, according to an internal
memo.
Mr. Dupree led a number of deals in industrials sector for the
bank, including Danaher Corp.'s spinoff of its Fortive Corp. unit
this year, following the conglomerate's purchase of Pall Corp.
Meanwhile, the firm hired Bank of America Corp. technology
banker David King to serve as co-head of technology M&A for the
Americas, according to the memo, a copy of which was viewed by The
Wall Street Journal. Mr. King will succeed Lee Counselman, who's
taking a new role as global head of software for a division that
manages investment-banking relationships with the Deutsche Bank 's
clients.
Mr. King advised Dell Inc. and its private-equity-backer Silver
Lake on the computer company's 2015 purchase of EMC Corp. and Good
Technology Corp. on its buyout by BlackBerry Ltd.
The tech sector has accounted for a increased share of corporate
tie-ups and buyouts by private-equity firms since 2015. But
broadly, mergers volume has fallen from last year's record levels,
in part due to stock and credit-market volatility around the start
of 2016.
(END) Dow Jones Newswires
July 14, 2016 01:55 ET (05:55 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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