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Portfolio companies of large buyout shops, which typically carried huge amounts of debt during the so-called bubble years, actually fared no worse in terms of default rates than big debt issuers without financial sponsors, Moody’s Investors Service said
MUMBAI (Reuters) – Indian conglomerate GMR Infrastructure (GMRI.BO) is in advanced talks with private equity firms to raise about 15 billion rupees ($322 million) for its power unit, the Economic Times reported, citing the group’s chairman. G.M. Rao told the newspaper the deal would be closed in the next two weeks, but did not disclose […]
ING Groep (ING.AS: Quote, Profile, Research, Stock Buzz) edged closer to completing its year-and-a-half-old Asia divestment plan after private equity firm MBK Partners agreed to buy its South Korean insurance unit for total cash proceeds of 1.84 trillion won ($1.65 billion), Reuters reported.
U.S. private-equity firm Summit Partners is selling Frankfurt-based currency-trading platform 360T in a potential 600 million-euro ($675 million) deal and has hired Jefferies to handle the sale, sources told Reuters.
NEW YORK (Reuters) – Private equity firm Apollo Management LP is among the largest creditors of Lyondell Chemical Co., Bloomberg reported, citing a person with direct knowledge of the matter. The U.S. operations of LyondellBasell, the world’s third-largest petrochemical company, filed for bankruptcy protection on Tuesday, under the weight of a massive debt load and […]
Israeli investment house Meitav Dash said on Thursday it is in talks with an international investment fund interested in purchasing the company.
FRANKFURT (Reuters) – U.S. investor JC Flowers is mulling joining in a 3 billion euro ($3.8 billion) capital hike for ship financier HSH Nordbank [HSH.UL], the finance minister of the German state of Schleswig-Holstein was quoted as saying. Flowers, which holds a stake of almost 26 percent in HSH, was considering a limited participation in […]
Crestview Partners has called off the sale of Munder Capital Management, four sources told sister publication peHUB.
PharMEDium Services LLC, a venture capital-backed provider of pharmacy compounding services to hospitals, is in discussions to sell itself for close to $1 billion, sources told Reuters.
The departure of the lead banker on the Asencus Inc auction did not put the breaks on the sale. In fact, a winner is expected to be announced in the next month, sources said.
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