HONG KONG/NEW YORK (Reuters) – Morgan Stanley (MS.N) has fired the China head of its property investment arm for suspected violations of the U.S. Foreign Corrupt Practices Act, several people with knowledge of the matter told Reuters. The Wall Street bank said in a filing with the U.S. Securities and Exchange Commission on Wednesday it […]
Jacques Rossignol and Xavier Payet have joined French buyout firm 21 Centrale Partners as a partner and investment manager, respectively. Rossignol previously was with Finama Private Equity/Acto capital, while Payet worked in the French Treasury Department, as a manager of state holdings in energy companies.
(Reuters) – Pliant Corp, a maker of plastic shrink wrap used in packaging, filed for Chapter 11 protection in a U.S. bankruptcy court on Wednesday, struggling under a heavy debt load. The company, which is looking to continue its business as usual, said it planned to eliminate $674 million worth of long-term bonds and had […]
Box-Board Products Inc., a portfolio company of Trivest Partners, has acquired B&N Containers Inc., a maker of custom corrugated boxes for the Southern Virginia region. No financial terms were disclosed.
Alta Communications and Mustang Group have acquired Mr. Youth, a New York–based social marketing agency. No financial terms were disclosed for the deal, which was facilitated by AdMedia Partners.
Shonaid Jemmet-Page has been named chief operating officer of CDC Group, a UK government-backed fund-of-funds for private equity funds in emerging markets. She previously was senior VP of finance and information for Unilever.
Brian Ruder and Bruce Chizen have joined Permira as a partner and senior advisor, respectively. Ruder previously was with Francisco Partners, while Chizen is the former CEO of Adobe Systems. In related news, Permira announced that Richard Sanders will relocate from London to Menlo Park, in order to lead the firm’s tech investing team.
Third Wave Acquisition Corp. has withdrawn registration for a $350 million IPO. The Greenwich, Conn.-based blank-check acquisition company was to be run by Barry Sternlicht, chairman and CEO of Starwood Capital Group.
TOKYO (Reuters) – U.S. private equity firm Carlyle Group has given up on finding an additional investor for a mobile phone operator it owns in Japan, and will use a rival’s network to cut the carrier’s spending, a person familiar with the plan said. Last year, Carlyle hired Merrill Lynch & Co (MER.BA) to find […]
NEW YORK (Reuters) – A group of investors said on Wednesday it has offered to pay $25 million for South Carolina’s bankrupt rock-and-roll themed amusement park Hard Rock Park and plans to reopen the venue later this year. Subject to court approval, FPI MB Entertainment LLC plans to buy and operate the park, according to […]