NEW YORK (Reuters) – The U.S. Federal Deposit Insurance Corp said on Friday that it would wind down Silverton Bank, a failed Atlanta bank that regulators seized last month, and sell its assets instead of trying to sell it as a whole. Regulators took over the bank on May 1 and created a “bridge bank” […]
NEW YORK (Reuters) – Citigroup Inc (C.N) has hired Morgan Stanley banker James von Moltke to head its corporate mergers group in New York, two people familiar with the matter said. Von Moltke will be in charge of evaluating Citigroup’s acquisitions and major business sales, replacing Vincent Fandozzi, they said. He will report to Chief […]
Victory Industrial Products, a Batavia, Ohio-based portfolio company of WHI Capital Partners, has acquired KDS International, a Terrell, Texas-based maker of gas turbine products. No financial terms were disclosed.
Satellite Holdings LLC, an antenna systems platform sponsored by The Edgewater Funds and Granahan McCourt Capital, has acquired a series of assets from ASC Signal Corp., a portfolio company of Resilience Capital. No financial terms were disclosed.
Eric London has joined M&A advisory TTK Partners as a Chicago-based partner. He previously was an executive director with JPMorgan and, before that, worked for Bear Stearns & Co.
Topspin Partners LBO and Integris LLC have acquired the Alpharetta, Ga.-based veterinary business of Sanuwave Inc., which includes pulsed energy therapeutic products for the non-invasive management of musculoskeletal disorders causing chronic pain and lameness in veterinary patients, primarily horses and dogs. No financial terms were disclosed.
Optimal Reading Services Group Inc., a Homewood, Ala.-based provider of medical imaging optimization services for healthcare facilities, has raised an undisclosed amount of private equity funding from Health Evolution Partners.
CHICAGO (Reuters) – Just in time for Father’s Day, Procter & Gamble Co (PG.N) is taking a step up to attract more men with its purchase of prestige brand The Art of Shaving. The Art of Shaving was founded in 1996 by Eric Malka and Myriam Zaoui. It sells razors, shaving creams and other products […]
SEOUL (Reuters) – The parent group of South Korea’s largest bank Kookmin is seeking to raise up to $3 billion through a share sale by around the third quarter, a banking source said on Friday, as it prepares for a surge in bad loans and possible acquisitions. KB Financial Group’s (105560.KS) planned sale would come […]
Tactical Holdings, a provider of military and tactical footwear, has acquired Massif Holdings LLC (Massif Mountain Gear), a provider of flame resistant technical apparel. No pricing terms were disclosed. Tactical Holdings is a portfolio company of Golden Gate Capital.