NEW YORK (Reuters) – Fortress Investment Group (FIG.N) disclosed on Wednesday that a group of banks amended a credit agreement, allowing one of the world’s largest private equity and hedge fund firms to repurchase outstanding loans. Fortress, which hosts its annual shareholder meeting Thursday, said a group of banks led by Bank of America Corp […]
(Reuters) – Eddie Bauer Holdings Inc (EBHI.O) filed for Chapter 11 bankruptcy protection on Wednesday, sending its shares down 28.9 percent. The filing, made in U.S. Bankruptcy Court in Delaware, is the second bankruptcy for the company, which was started as a sport shop in 1920 in Seattle by its namesake. According to the court […]
HONG KONG/SHANGHAI (Reuters) – Chinese regulators are expected to approve a change of ownership at Shenzhen Development Bank (000001.SZ) that will allow U.S. private equity firm TPG to exit its biggest China investment, and signal Beijing’s preference for local investors to control the mid-sized bank. Some of Shenzhen Development Bank’s (SDB) top shareholders also support […]
NEW YORK (Reuters) – Eddie Bauer Holdings Inc (EBHI.O) is expected to file for Chapter 11 bankruptcy protection on Wednesday and announce a deal to be bought by CCMP Capital Advisors, according to The Wall Street Journal, which cited a person familiar with the situation. Another buyer can still top the CCMP deal in a […]
LONDON (Reuters) – Private equity firm CCMP Capital Advisors is seeking to sell chilled and frozen food distributor Nowaco Central Europe for about 250 million euros ($347 million), three people familiar with the matter said on Wednesday. CCMP has hired JPMorgan as financial adviser, the sources said. First-round bids have already been submitted, one of […]
WestView Capital Partners has sponsored a recapitalization of Wavelink Corp., a Midvale, Utah-based provider of enterprise mobility software focused on automatic identification and data capture. No financial terms were disclosed.
Robert Sasson has joined Russia-based UFG Asset Management as senior managing partner of private equity. He previously worked for a U.S. hedge fund focused on Russia and Ukraine.
Stephen Green has joined European private equity firm Bridgepoint as a partner. He will serve as head of the European private equity firm's financial services team, succeeding six-year vetJohn Davison who is leaving "to pursue other interests." Green previously led the global financial and business services team for Apax Partners.
Canal Partners has acquired a control stake in NETtime Solutions, a Scottsdale, Ariz.-based provider of an online time and attendance SaaS suite. No financial terms were disclosed.
Andy Kaye has joined William Blair & Co. as head of its Asian operations, based out of the firm's China office. He previously ran his own boutique and, before that, spent time with bothCIBC World Markets and Robertson Stephens.