News and Analysis

NEW YORK/DETROIT (Reuters) – A U.S. bankruptcy judge on Sunday approved the sale of substantially all of U.S. automaker Chrysler’s assets to a group led by Italy’s Fiat SpA hours before an expected bankruptcy filing by General Motors Corp. Judge Arthur Gonzalez approved the $2 billion sale of the assets to a new company that […]
AMSTERDAM (Reuters) – Dutch mail company TNT NV (TNT.AS) said on Monday it had not yet made a bid for Britain’s Royal Mail, but said it was interested in the company and would consult shareholders if it does make an offer. British newspaper Sunday Telegraph earlier reported private equity group CVC Partners offered to pay […]
(Reuters) – Private equity firm The Carlyle Group and some investors are in talks to buy the failed Silverton Bank of Atlanta, which provided services to other banks rather than to consumers, the Wall Street Journal said, citing people familiar with the matter. Carlyle had also led a bid for Silverton prior to its failure, […]
Court Square Capital Partners has agreed to buy Wyle Holdings Inc. from Littlejohn & Co. for an undisclosed amount. Wyle is an El Segundo, Calif.-based provider of engineering, professional and information technology services to military and civilian government agencies. It was acquired by Littlejohn in 2003, and currently generates approximately $800 million in annual revenue and has more than 3,800 employees.
LONDON (Reuters) – Private equity group CVC Partners has offered to pay just under 2 billion pounds ($3.21 billion) for a 30 percent stake in state-owned postal group Royal Mail, the Sunday Telegraph reported. The bid is higher than a rival offer from Dutch logistics group TNT (TNT.AS) but below the government’s original target, the […]
LONDON (Reuters) – Lenders behind a $1.33 billion loan backing the buyout of digital pay-TV specialist NDS Group have launched the loan for sell-down in a move which could re-open the European primary leveraged market, bankers said on Friday. The $1.33 billion loan finances Permira’s acquisition of a 51 percent stake in NDS Group from […]
CHICAGO (Reuters) – Three private equity firms have agreed to invest up to $450 million in First Southern Bancorp Inc, giving them control of a small Florida lender that could be used to acquire more banks. The agreement in principle with affiliates of Fortress Investment Group LLC (FIG.N), Crestview Partners LP and Lightyear Capital calls […]
LONDON (Reuters) – Investment fund F2i and AXA Private Equity are close to securing a 1.025 billion euro ($1.4 billion) loan to back their acquisition of Italian utility Enel’s gas distribution unit Rete Gas, two sources said on Friday. Enel SpA (ENEI.MI) sold an 80 percent stake in Rete Gas in a cash-and-debt deal valued […]
Yesterday FDIC Chairman Sheila Bair provided a relatively fruitless update on the FDIC’s plans for future private equity investments banks. It’s been a week since four buyout firms took control of BankUnited, the second-costliest bank to fail in the financial crisis, and almost a year since J.C. Flowers and crew took over IndyMac, the most […]
Olympus Partners, a Stamford, Conn.-based private equity investor, has invested $50 million in equity and subordinated debt in Atlas Industrial Services LLC, which provides mill services to the global steel industry through its subsidiary Phoenix Services. press release: Olympus Partners (“Olympus”), a Stamford, CT-based private equity investor, has invested $50 million in equity and subordinated […]
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