PHILADELPHIA (Reuters) – AT&T Inc (T.N) said Friday it will buy the bulk of Alltel Wireless assets being divested by Verizon Communications Inc (VZ.N) for $2.35 billion, and will sell some Centennial Communications Corp assets to Verizon Wireless for $240 million. Under terms of the deal, AT&T will buy licenses, network assets and 1.5 million […]
Guaranty Bancorp (Nasdaq: GBNK) has agreed to sell $50 million in convertible noncumulative preferred stock to three firms: Castle Creek Capital Partners, Patriot Financial Partners and Relational Investors.
Brad Armstrong has joined Lovell Minnick Partners as a senior associate in the firm’s Radnor, Penn. office. He previously was an I-banking associate in Merrill Lynch’s financial institutions group. PRESS RELEASE Lovell Minnick Partners LLC, an independent private equity firm providing buyout and growth capital to companies in the financial services industry, is pleased to announce […]
SINGAPORE(Reuters) – Halcyon Investment Corp, a Singapore-based firm, plans to bid for British private equity firm 3i’s stake in oil services firm Franklin Offshore International, sources said on Monday. The bid will be made through its wholly-owned unit Halcyon Energy Corporation, a source briefed on the deal told Reuters. Halcyon Energy owns and operates a […]
DETROIT (Reuters) – A group of Chrysler LLC’s dissident lenders disbanded, representatives said on Friday, removing the last legal hurdle to the automaker’s quest to complete a merger with Italy’s Fiat SpA (FIA.MI) with U.S. government backing. “After a great deal of soul-searching and quite frankly agony, Chrysler’s Non-TARP lenders concluded they just don’t have […]
TOKYO (Reuters) – Shinsei Bank (8303.T) and Aozora Bank (8304.T) have agreed to merge around the middle of next year, the Nikkei business daily reported on Monday, a move that would form Japan’s sixth-largest bank. The banks may make an announcement this month, the paper said. Shares in Shinsei rose 8 percent after the report […]
Nader Sultan has joined The Carlyle Group as a senior advisor to the firm's Middle East North Africa (MENA) team. He has spent the past 33 years in the Kuwaiti oil industry, most recently as deputy chairman and CEO of Kuwait Petroleum Corporation.
Gen Cap America, a Nashville, Tenn.-based private equity firm focused on the middle-markets, has closed its sixth fund with approximately $165 million in capital commitments. www.gencapamerica.com
(Reuters) – Ethanol producer White Energy Inc filed for Chapter 11 protection in a Delaware bankruptcy court on Thursday, citing adverse market conditions, court documents showed. In court filings, the company said that while cost of raw materials to produce ethanol were high, excess supply of ethanol in the market has kept ethanol prices low, […]
LONDON (Reuters) – Debenhams Plc (DEB.L), Britain’s second-biggest department store group, is working on plans to raise up to 500 million pounds ($733 million) in a rights issue in the next few weeks to cut its 927 million pounds debt pile, the Financial Times said. The newspaper said on Saturday that Debenhams was looking to […]