MUMBAI (Reuters) – Credit Suisse is hiring Vedika Bhandarkar, a veteran investment banker at rival JPMorgan (JPM.N), as head of investment banking for India, the Swiss investment bank said on Friday. Bhandarkar, who has been head of investment banking for India at JPMorgan, will be vice chairman and India head for investment banking as well […]
FRANKFURT (Reuters) – Private equity company Permira, owner of Hugo Boss, on Thursday dismissed market talk about a possible ownership change at the German fashion house. Boss shares had risen as much as 6.5 percent as traders cited talk that the Marzotto family, co-owners with Permira of a company that holds 55 percent of Hugo […]
Phil Burkhardt has joined First Reserve Corp. as an infrastructure asset manager. He has spent the past 30 years with General Electric.
(Reuters) – Dialysis Corporation of America (DCAI.O) agreed to be acquired by privately held U.S. Renal Care Inc for about $112 million, the companies said. U.S. Renal Care will pay Dialysis Corp $11.25 per share, a premium of 72 percent to Dialysis Corp stock’s closing price Tuesday on Nasdaq. U.S. Renal Care, which operates outpatient […]
Smile Brands Group Inc., a Santa Ana, Calif.-based provider of support services to dental groups in the U.S., has set its IPO terms to 7.35 million common shares being offered at between $16 and $18 per share. The company would have an initial market cap of approximately $350 million, were it to price at the […]
David Dvorin has joined Welsh, Carson, Anderson & Stowe as a senior operating executive, with a focus on revenue and pricing issues for WCAS portfolio companies. He previously was VP of gobal strategic pricing for Thermo Fisher Scientific.
Saratoga Investment Advisors and CLO Partners have agreed to purchase a minority stake in business GSC Investment Corp. (NYSE: GNV), as part of a $55 million recapitalization plan to help the company grow its mid-market lending business.
WILMINGTON, Del. (Reuters) – Point Blank Solutions Inc (PBSO.PK), a maker of body armor for the U.S. Army, filed for bankruptcy on Wednesday due partly to legal costs associated with a former chief executive who was indicted for fraud. The former CEO, David Brooks, was listed as the company’s largest shareholder with a 22.6 percent […]
TORONTO (Reuters) – Canadian private wealth management firm Salida Capital said on Wednesday it plans to launch a private equity fund, which so far has C$100 million ($100 million) in seed investment committed. The official marketing period of the natural resources-focused fund will begin in May and last six to eight months, or until it […]
NEW YORK (Reuters) – Dollar General Corp (DG.N) on Wednesday priced 26 million shares at $27 each in a secondary public offering that allowed certain shareholders to sell their stock, the company said in a statement. Private equity firm Kohlberg Kravis Roberts & Co owned 88 percent of Dollar General’s shares following the company’s public […]