Nailite International, a Miami, Fla.-based maker of molded plastic residential siding products, has filed for Chapter 11 bankruptcy protection. The company was acquired in 2003 by Graham Partners and Argosy Partners. www.nailiteinternational.com
Praesidian Capital is preparing to raise $300 million for its third mezzanine fund, according to LBO Wire. Unlike past Praesidian offerings, this fund will not use leverage. www.praesidian.com
CDC Group has committed $15 million each to a pair of microfinance funds: India Financial Inclusion Fund, managed by Caspian Capital Partners, and Catalyst Microfinance Investors.
KRG Capital Partners has made an investment in Federal Flange Ltd., a Houston-based maker of oilfield hardware. No financial terms were disclosed.
European mid-market private equity firm Silverfleet Capital has bulked up its investment team in Germany with the appointment of Klaus Maurer as an executive. Maurer joins Silverfleet’s Munich office from Guy Hands large buyout investment vehicle Terra Firma Capital Partners, where he worked as an analyst in the Frankfurt office. Prior to Terra Firma, he […]
(Reuters) – Trump Entertainment Resorts Inc, Donald Trump’s casino group, filed for Chapter 11 bankruptcy protection on Tuesday, court documents show. The casino operator had assets of about $2.1 billion and total debts of about $1.74 billion on December 31, 2008, it said in its filing with the U.S. Bankruptcy Court for the District of […]
FRANKFURT (Reuters) – Canadian car parts maker Magna International Inc (MGa.TO) sees the global economic crisis providing acquisition opportunities as smaller rivals throw in the towel, co-Chief Executive Siegfried Wolf told a German newspaper. “We have less competition from private equity companies and hedge funds than we did a few months ago,” said Wolf, who […]
HONG KONG (Reuters) – China Investment Corp (CIC), a $200 billion sovereign wealth fund, is in talks with local banks to jointly bid for American International Group Inc’s (AIG.N) $8 billion aircraft leasing unit, sources with knowledge of the situation said on Tuesday. In the last couple of months, CIC has approached at least two […]
HONG KONG (Reuters) – Credit Suisse (CSGN.VX) banker Ronan Agnew, who moved to Hong Kong last year to run its Asian private equity banking group, plans to leave the bank, he said in an email obtained by Reuters. Credit Suisse declined to comment. Agnew becomes yet another top, Asia-based private equity banker to leave, after […]
BERLIN (Reuters) – The German government is considering emergency measures to rescue stricken bank Hypo Real Estate that would create a short, limited window to allow it to seize control of the bank, political sources told Reuters. The measures are controversial in Germany — which due to its Nazi and Communist past is leery of […]