HONG KONG (Reuters) – The head of Hong Kong investment banking for Morgan Stanley (MS.N) is leaving to run a China banking group for HSBC (HSBA.L), sources familiar with the matter said on Monday. Che-Ning Liu is leaving Morgan Stanley to be HSBC’s Greater China corporate banking head, the sources said. Liu became a managing […]
NEW YORK (Reuters) – Private equity firm Kohlberg Kravis Roberts & Co on Monday moved a step closer to merging with its Euronext-listed fund after receiving approval from the board of the fund to combine businesses. Combining with KKR Private Equity Investors LP (KKR.AS) (KPE) is a roundabout way for KKR to gain a European […]
NEW YORK (Reuters) – CIT Group Inc (CIT.N) has reached a tentative deal with a bondholder group for $3 billion in rescue financing, which the lender hopes will help it avoid bankruptcy, a source close to the situation said on Sunday. The bondholder group, which includes Pacific Investment Management Company (Pimco) and some other top […]
CrossHarbor Capital Partners has completed its acquisition of the equity interests in the Yellowstone Club, a Big Sky, Montana-based ski and golf resort.
Wynnchurch Capital has completed its acquisition of Sencorp, the parent company of Cincinnati-based toolmaker Senco Products. The deal was valued at $41 million.
NEW YORK (Reuters) – CIT Group Inc (CIT.N) was in talks with a bondholder group on Saturday, as the lender tried to hammer out a rescue financing deal before markets opened and avoid bankruptcy, a source close to the situation said. Talks with the bondholder group, advised by investment bank Houlihan Lokey, for a $2 […]
NEW YORK (Reuters) – The bid deadline for private equity-backed Kosmos Energy’s Ghanaian oil interests has been extended and another date will be announced within the next 30 days, two sources familiar with the matter said on Friday. The bid deadline had previously been on Friday. The extension gives bidders extra time to digest major […]
NEW YORK (Reuters) – Alpha Media, parent of mens magazine Maxim, said on Friday it will cut its debt by way of a debt-to-equity conversion. The publisher was bought by private equity firm Quadrangle Group in 2007 for about $250 million. Quadrangle later said the deal had been a mistake, and wrote the value of […]
NEW YORK (Reuters) – Fortress Investment Group (FIG.N), among the largest private equity and hedge fund firms, is expected to name former Fannie Mae (FNM.P) boss Daniel Mudd as its chief executive, the Wall Street Journal reported Friday, citing a person familiar with the matter. In a surprise move, Mudd, a Fortress director, would replace […]
WILMINGTON, Del. (Reuters) – Golden Gate Capital won an auction for the assets of Eddie Bauer Holdings Inc with an all-cash bid of $286 million, the bankrupt outdoor apparel retailer said on Friday. Eddie Bauer filed for protection under Chapter 11 of U.S. Bankruptcy Code in June with a plan to sell its assets to […]