LONDON (Reuters) – Buyout company Cinven said Britain’s Spice Plc (SPI.L) had rejected a takeover bid that values the provider of engineering and support services to utility companies at almost 200 million pounds ($309.3 million). Prompted by a 7 percent climb in Spice shares on Monday, Cinven issued a statement saying that it had proposed […]
NEW YORK (Reuters) – New York Attorney General Andrew Cuomo accused an indicted top aide to former state comptroller Alan Hevesi of running a $35 million fraud over the placement of billions of dollars of investments by the state’s biggest pension fund. The filing in the New York State Supreme Court in Manhattan was in […]
NEW YORK (Reuters) – BP Plc (BP.L) has hired investment banks Blackstone Group LP (BX.N), Goldman Sachs Group Inc (GS.N) and Credit Suisse Group AG (CSGN.VX) as advisers in the wake of its massive oil spill in the Gulf of Mexico, according to a source familiar with the matter. BP spokesman Tony Odone said the […]
TowerBrook Capital Partners has retained Thomas Flocco to explore investment opportunities in the consumer goods space. He is the former CEO of Beam Global Spirits & Wine, and a former partner at McKinsey & Company.
Chris Young has joined Berkery Noyes as a managing director focused on M&A activity in the financial IT sector. He previously was global director of business and product strategy at Dow Jones.
Kevin Raidy has been named head of the private equity capital markets group at Cowen & Company. He previously was a managing director with Ramius LLC.
(Reuters) – TPG dropped plans to bid for Royal Bank of Scotland’s (RBS.L) payment-processing business, two people familiar with the matter said, leaving rival buyout firms Advent International and Bain frontrunners to buy the unit. The departure comes a week after RBS picked a trio of possible buyers for the WorldPay business and related operations, […]
Freeman Spogli & Co. has acquired a majority stake in The Paradies Shops Inc., operator of over 500 travel retail shops in airports and hotels. No financial terms were disclosed. Genesis Capital advised Paradies Shops on the deal
Forbes Media has retained Jordan, Edmiston Group to find a buyer for financial education website Investopedia.
Colony Capital and GS Capital Partners reportedly are among likely bidders for French furniture retailer Conforama, which is being sold by PPR SA. The deal could be valued at around €1.5 billion. www.conforama.fr