Charles Mills has joined Houlihan Lokey, an investment bank, in its Atlanta office as a managing director, heading up Southeast M&A in the U.S. Prior to Houlihan Lokey, Mr. Mills headed Macquarie Capital’s M&A practice in the Southeast U.S. region.
Perella Weinberg Partners announced today that Sebastien Maurin has joined the Firm as a Managing Director in its Corporate Advisory Group where he will focus on restructuring and distressed merger and acquisition transactions. He was most recently a senior member of the debt restructuring advisory business at MPC Longberry. Prior to that, Mr. Maurin was Head of the Global High Yield and Distressed Debt Proprietary Trading Group at Commerzbank AG.
(Reuters) – Harrah’s Entertainment Inc [HAMLEH.UL], the world’s largest casino operator by revenue, reported a fourth-quarter profit on Thursday, compared with a year-earlier loss, but revenue fell 8 percent as demand in Las Vegas and Atlantic City remained weak. Hit by the economic downturn, consumers have cut back on discretionary spending like gambling trips at […]
(Reuters) – Denmark’s Danske Bank and Sweden’s SEB have joined a team of banks to launch a share offering in Danish telecom TDC for its private equity owners, sources told Reuters. The private equity firms, which hold nearly 88 percent of TDC’s stock, have appointed a consortium of a total of nine banks to sell […]
Blackstone Group LP(BX.N) has three commitments so far to the yuan-denominated fund it is raising in China, it said on Thursday. Blackstone announced plans in August to launch a 5-billion-yuan ($732 million) fund to invest primarily in the city of Shanghai. The size of the fund is limited under Chinese law to that size, Blackstone has said.
David Bonderman, co-founder of giant private equity firm TPG [TPG.UL], said on Thursday that regulators are accelerating bank failures by limiting private equity firms' ability to buy into and reorganize struggling banks.
(Reuters) - Fortress Investment Group LLC (FIG.N), one of the world's largest publicly traded alternative asset managers, said its assets under management shrank by almost 1 percent during the fourth quarter as client redemptions totaled over $1 billion.
(Reuters) – Mexico’s pension funds will take a $200 million stake in a fund that invests in private equity in the coming days, those involved in the deal said, as the risk-shy funds search for bigger returns. Roughly half of the country’s private pension funds, known as Afores, will be involved in the transaction that […]
Private equity giant Kohlberg Kravis Roberts & Co (KKR.AS) said on Thursday it could not predict the timing of its long-sought New York Stock Exchange listing, but it would move as promptly as practical.
Salo Aizenberg has joined Hauppauge, N.Y.-based lender Westbury Partners as Managing Director. He was previously a Managing Director at Global Leverage Capital. Westbury's current fund will be focused on mezzanine investments.