Centerview Partners has hired three Merrill Lynch investment bankers focused on the healthcare space: Alan Hartman, Richard Girling and Mark Robinson. The firm also announced that it opening new offices in London and San Francisco.
RMI, an Atlanta-based provider of rail information services to the transportation industry, has acquired 10East, a Jacksonville, Fla.-based provider of SaaS applications to support signal and communications infrastructure needs of railroads in North America. No financial terms were disclosed. RMI is a portfolio company of Carlyle Growth Partners.
Wall Street Institute, a provider of English-language instruction, has sold its Chinese subsidiary to Pearson PLC for $145 million in cash. Wall Street Institute is majority-owned by The Carlyle Group, and was advised on the deal by Credit Suisse Securities.
ZURICH (Reuters) – UBS made a first-quarter loss and will cut another 11 percent of staff, its new chief executive said on Wednesday, warning that Switzerland’s largest bank still faces an uncertain future. Chief Executive Oswald Gruebel, the veteran former Credit Suisse boss pulled out of retirement in February to get UBS back into shape, […]
HONG KONG (Reuters) – Japanese brokerage Nomura Holdings Inc (8604.T) has cut another 50 investment banking jobs in Asia, excluding Japan, sources close to the matter said on Wednesday. In September, Nomura bought the Asian, European and Middle Eastern assets of Lehman Brothers, shortly after the New York brokerage collapsed. The bank has since been […]
MILAN (Reuters) – Fiat SpA’s chief executive, facing a two-week deadline to work out a partnership with Chrysler LLC, warned the troubled U.S. carmaker’s unions he would ditch the idea unless they agreed to cut labor costs. In a clear message to U.S. and Canadian unions, Sergio Marchionne told Wednesday’s Globe and Mail newspaper a […]
NEW YORK (Reuters) – Chrysler LLC’s first-lien lenders are preparing a counter-offer for the U.S. Treasury that might include equity in a Chrysler-Fiat alliance and some cash in exchange for abandoning their claim to some $7 billion in debt, sources with knowledge of the matter said. The Chrysler lenders are considering a response after being […]
Vistar Corp., a foodservice distributor owned by The Blackstone Group and Wellspring Capital Management, has agreed to acquire the assets of Five Star Distributors Inc., a Chicago-basedprovider of vending and office coffee products in the Midwest region. No financial terms were disclosed.
NEW YORK (Reuters) – Bridgepoint Education Inc, an operator of online and campus universities, became the third U.S. company to go public this year, but priced its deal 30 percent below the midpoint of its estimate range of $14 to $16, a source with knowledge of the deal said on Tuesday. San Diego-based Bridgepoint sold […]
NEW YORK (Reuters) – BlackRock (BLK.N) plans to raise $5 billion to $7 billion worldwide to buy toxic assets from U.S. financial institutions under a planned U.S. government program, The fund manager hopes about $1 billion of that will come from Japanese institutional investors, BlackRock CEO Laurence Fink told the Nikkei financial daily in a […]