NEW YORK (Reuters) – Activist investor Carl Icahn and private equity fund Oaktree Capital Management have amassed hundreds of millions of dollars of MGM Mirage (MGM.N) bonds and have told the troubled casino firm it should quickly overhaul its massive debts in bankruptcy, the Wall Street Journal reported, citing people familiar with the matter. The […]
NEW YORK (Reuters) – A federal bankruptcy judge ruled on Thursday that a joint $87.6 million bid by investment firms Hilco Consumer Capital and Gordon Brothers Group LLC was the “best offer” in the auction for bankrupt camera maker Polaroid’s assets, a Ritchie Capital spokesman said. The spokesman said the offer beat out rival Patriarch […]
NEW YORK (Reuters) – Rosetta Stone Inc (RST.N) shares rose nearly 44 percent in their trading debut Thursday, following the company’s initial public offering, the fourth in the United States this year. Rosetta Stone, a provider of language instruction products, opened trading at $25, the morning after it priced its IPO at $18, exceeding the […]
Fortegra Financial Corp., an insurance services company owned by Summit Partners, has acquired Bliss & Glennon Inc. from Willis HRH Inc. No financial terms were disclosed. Bliss & Glennon provides transaction-based wholesale insurance brokerage.
LONDON (Reuters) – Privately owned French construction speciality chemicals company Materis is asking lenders to reset its leveraged loan covenants and relax its repayment schedule, two bankers close to the deal said on Thursday. The proposals to amend a 2 billion euro loan accompany a new business plan that was unveiled to lenders at a […]
Sara Lipscomb has been named general counsel of the U.S. Small Business Administration. She is a onetime senior vice president and general counsel for Audax Group.
Xiaolu Lian has joined Unitas Capital (f.k.a. CCMP Capital Asia) as a Shanghai-based managing director. He had spent the previous 11 years with BNP Paribas.
Resverlogix Corp. (TSX), a Calgary-based biotech company, has sold C$24.25 million of units to NGN Capital, in a PIPE transaction.
NEW YORK (Reuters) – Rosetta Stone Inc (RST.N) shares priced at $18 in the company’s initial public offering, above the estimate range, a source with direct knowledge of the deal said on Wednesday, making it the fourth IPO on a U.S. exchange in 2009 as equities markets struggle to stabilize. Rosetta Stone sold 6.25 million […]
HONG KONG/SINGAPORE (Reuters) – Luxurious resorts and hotels developer Banyan Tree (BANY.SI) has recently completed a multi-hundred-million-dollar investment fund to finance its planned projects in China, sources said on Thursday. Singapore-based Banyan Tree, whose luxurious hotels from Thailand’s Phuket to China’s Lijiang attract the wealthy for private vacations, originally targeted raising $700 million for the […]