NEW YORK (Reuters) – Jeffrey Gundlach, the ousted investment chief of TCW Group Inc., told Reuters on Thursday he has attracted at least 39 TCW employees to his new firm, DoubleLine LLC. Assets in TCW Group Inc’s Total Return Bond Fund (TGLMX.O) have droppped by $4.76 billion since Gundlach was fired on December 4, to $7.26 […]
LONDON (Reuters) – Lenders to travel reservations firm Amadeus IT Group have approved changes to the group’s loan, paving the way for an expected equity issue, a source close to the deal said on Friday. Amadeus has secured the pre-IPO loan amendment — which removes a capital expenditure covenant — after it was forced to […]
SAO PAULO (Reuters) – International Meal Co, the Brazilian restaurant chain controlled by U.S. private equity fund Advent, put off indefinitely plans to go public in Brazil due to weak demand, the International Financing Review said on Thursday, without saying how it got the information. The initial public offering was slated to price later on […]
NEW YORK (Reuters) – First-round bids for Metro-Goldwyn-Mayer will come in later than initially expected because negotiations over confidentiality agreements have slowed down the sale process, sources familiar with the matter said on Thursday. MGM, the famed film studio that said in November it was exploring a potential sale, has sent out a sales prospectus […]
COPENHAGEN (Reuters) – Danish telecommunications group TDC (TDC.CO) will pay an interim dividend of 30.25 crowns per share for a total payout of 5.99 billion crowns ($1.16 billion), the company said on Thursday. “Following this interim dividend, the board of directors does not expect to recommend any ordinary dividend for the fiscal year 2009 to […]
Fletcher Asset Management has agreed to acquire Budget Travel from Newsweek Inc., a unit of The Washington Post Co. (NYSE: WPO). No financial terms were disclosed.
Parish Capital has held first closes on two new funds-of-funds: Parish Capital III, a North American fund with a $450 million target; and Parish Europe II, a Europe-focused fund with a €250 million target. The firm also promoted Bernard De Backer to partner, Tracy Harris to managing director and Scott Penwell to director.
Key Bridge Partners has acquired U.S. Para Plate Car Wash from a unit of CIRCOR International (NYSE: CIR). No financial terms were disclosed. U.S. Para Plate makes components used in commercial car wash systems.
Odyssey Investment Partners has completed its previously-announced acquisition of Waukesha, Wis.-based scaffholding company Safway from ThyssenKrupp AG. No financial terms were disclosed.
Definition 6, an Atlanta-based interactive marketing agency, has acquired Leach Communications Inc., a New York-based public relations and Web services firm. No financial terms were disclosed. Earlier this year, Definition 6 raised $15 million in private equity funding from Navigation Capital Partners.