(Bloomberg) UBS Group AG plans to open an office in Menlo Park, California, and hired Sean Lynch from Barclays Plc to bolster its business advising technology companies ahead of a predicted revival in dealmaking and initial public offerings.Most Read from BloombergRay Dalio’s Famous Trade Is Sputtering, Investors BailingTesla Stock in ‘No Man’s Land’ After 43% Rout Ahead of EarningsBillionaire Pinaults Fight to Pull Gucci Off the Discount Rack‘Magnificent Seven’ Roar Hours Away From Earnings:
UBS Hires Barclays Banker Lynch for Technology Dealmaking bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
NEW YORK, June 22 (Reuters) - When a senior Goldman
Sachs technology banker delivered a grim prediction to
his colleagues earlier this year, it marked the beginning of
downturn that would result in some bankers leaving. .
When a senior Goldman Sachs technology banker delivered a grim prediction to his colleagues earlier this year, it marked the beginning of downturn that would result in some bankers leaving. Mergers and acquisitions among technology companies could be down as much as 80% in 2023, Sam Britton, one of the leaders of Goldman's global technology, media and telecommunications group, wrote in an internal memo in February, as an economic slowdown and a hostile anti-trust environment weighed on dealmaking appetite. Britton tried to boost morale, arguing that market conditions could change quickly, according to sources who described the contents of the memo.