NEW YORK (Reuters) – A U.S. judge ruled on Thursday that auto parts maker Delphi Corp can sell itself to a group of lenders, paving the way for the company to end its near four-year trip through bankruptcy court. Earlier this week, Delphi’s board accepted a bid from its debtor-in-possession lenders, including several hedge funds, […]
PARIS (Reuters) – Candidates are lining up to buy French nuclear group Areva’s (CEPFi.PA) T&D unit, French newspaper La Tribune said, citing four names in addition to intending bidders Alstom (ALSO.PA) and Schneider (SCHN.PA). General Electric (GE.N) could join forces with investment funds Apollo of the United States and Europe’s CVC, but they are still […]
(Reuters) – Eyeing a better price, U.S. auto maker Ford Motor Co (F.N) is slowing down the bidding process for its Volvo car unit, the Wall Street Journal said, citing a person close to the company. Ford will wait for General Motors [GM.UL] to sell Opel and is looking at inviting the losing bidder to […]
HONG KONG (Reuters) – Bank of America-Merrill Lynch has hired a veteran banker to head its corporate finance business in China, according to a memorandum seen by Reuters on Friday, in an effort to tap more domestic clients in the world’s fastest-growing major economy. Wang Bing, who worked for Merrill Lynch between 2004 and 2008 […]
LONDON (Reuters) – Lenders to UK engineering firm Firth Rixson have agreed a loan waiver which will reset loan covenants and see sponsor Oak Hill put 100 million pounds of new equity into the deal, two bankers said on Thursday. The majority of the equity injection will be used to repay part of the company’s […]
NEW YORK (Reuters) – Chinese sovereign wealth fund China Investment Corp plans to invest hundreds of millions of dollars with Morgan Stanley’s (MS.N) asset management unit and Blackstone Group LP (BX.N), The Wall Street Journal reported on Thursday, citing sources. China Investment Corp has finalized an allocation of $500 million to Blackstone Group and plans […]
CoveView Advisors has launched as a special situations advisory firm. Its principals are former JPMorgan bankers Dan Tredwell (previously with Heartland Industrial Partners), Douglas Traver and Thomas Canning.
Michael Latimer has been named executive vice president and chief investment officer of OMERS, effective January 1. He has been president and CEO of Oxford Properties, OMERS' real estate arm, since 2004.
Stephen Lamb has agreed to join law firm Paul, Weiss, Rifkind, Wharton & Garrison LLP as a partner in both the corporate and litigation departments. Lamb will also help open a Wilmington, Del. office for Paul Weiss. He has served as a vice chancellor of the Delaware Court of Chancery since 1997, and last year presided […]
Michael McMahon has joined Houlihan Lokey as a managing director and head of financial institutions. He previously was with Morgan Stanley as a managing director and co-head of diversified financials.