WASHINGTON (Reuters) – Jeffrey Goldstein, managing director of Hellman & Friedman LLC, a private equity firm, will be named as the Obama administration’s choice for Treasury undersecretary for domestic finance, an official said on Wednesday. Goldstein previously served as managing director of the World Bank from 1999 to 2004. His formal appointment to the Treasury […]
WARSAW (Reuters) – Poland said on Wednesday it would ramp up privatisations to bring 36.7 billion zlotys ($12.2 billion) into depleted state coffers by the end of 2010, including sales of key utilities and the rest of copper miner KGHM. (KGHM.WA) The treasury ministry said that it expected the lion’s share of the proceeds next […]
Keane Inc., a business process outsourcing company backed by CVCI, has acquired part of BearngPoint's commercial business in North America. The deal comes one week after Keane purchased part of BearingPoint's public sector business. No financial terms were disclosed.
Vertex Capital has acquired Small World Toys, a Carson, Calif,-based specialty toy maker. No financial terms were disclosed for the deal, which was done in partnership with company management.
TGV Partners and Wild Communications have acquired Horton Archery, a Tallmadge, Ohio-based maker of crossbows and other archery equipment. No financial terms were disclosed.
Celeritas Management, a sports management platform sponsored by Palladium Equity Partners, has acquired a majority stake in ANC Sports Enterprises, a provider of sports team and venue services. No financial terms were disclosed.
NEW YORK (Reuters) – A federal judge postponed the auction for the assets of bankrupt auto parts maker Delphi Corp (DPHIQ.PK) on Tuesday for a second time, in an effort to give bidders more time to work out a deal. The auction was postponed until Friday after a meeting in chambers on Tuesday, according to […]
MUMBAI (Reuters) – An infrastructure fund run by State Bank of India (SBI.BO) and Macquarie group (MQG.AX) plan to raise $500 million in India to take the size of the fund to nearly $1.5 billion, two sources familiar with the deal said. The fund has raised $887 million from foreign investors and aims to get […]
HONG KONG (Reuters) – Barclays Capital (BARC.L) said on Wednesday it appointed former top ABN Amro banker Zhi Zhong Qiu as Greater China chairman, taking another step toward building out its investment bank across the region. Barclays, long known as largely a fixed-income firm, is in the process of expanding its equities business to become […]
TORONTO (Reuters) – MatlinPatterson, a U.S. private equity firm that’s a creditor of Nortel Networks (NRTLQ.PK), said on Tuesday it submitted a $725 million bid for the bankrupt Canadian company’s wireless technology assets. Last month, Nokia Siemens Networks — a joint venture of Nokia (NOK1V.HE) and Siemens (SIEGn.DE) — made a $650 million “stalking horse” […]