SEOUL (Reuters) – Creditors of Daewoo Electronics have ended talks to sell the South Korean appliance and TV maker to U.S. private equity firm Ripplewood Holdings and would look at ways to restructure Daewoo, a bank official said on Wednesday. The collapse of the talks marks the third failed attempt to sell loss-making Daewoo. Tighter […]
LONDON (Reuters) – The value of UK private equity takeovers fell to the lowest level in 13 years between October and December due to a lack of debt funding and the rapidly cooling economy, a leading research group said on Wednesday. The value of buy-out deals reached just 994 million pounds ($1.48 billion) in the […]
HONG KONG/SHANGHAI (Reuters) – China and Belgium plan to raise about 3 billion yuan ($439 million) for their second joint private equity fund with a focus on small Chinese companies, sources briefed on the plan said on Wednesday. The planned fund, to be called China-Belgium Direct Equity Investment Fund II, follows a similar fund launched […]
Joe Marren has departed from independent investment bank Sagent Advisors, where he was a Managing Director since 2005, peHUB has learned. He has joined a firm called K Stone Partners, where he is the President and CEO, his former employer told peHUB. No information regarding the objective of K Stone Partners was available. Prior to […]
CHICAGO, Jan 6 (Reuters) – The winning bidder in the long-awaited sale of the Chicago Cubs baseball team will be identified this week, three sources close to the process said on Tuesday. “Bidders have been told a single party to negotiate with will be chosen this week,” said one source, who asked not to be […]
Paul Dickerson has joined Pegasus Capital Advisors as an operating advisor. He is the former COO of the U.S. Department of Energy's Office of Energy Efficiency and Renewable Energy.
ICV Capital Partners has sold Sterling Foods Ltd., a San Antonio, Texas-based provider of specialty bakery products, to TGF Management. No financial terms were disclosed.
Yellowstone Landscape Group, a portfolio company of Gridiron Capital, has acquired Austin Outdoor, a Bunnell, Fla.-based provider of landscaping services in Florida and The Bahamas. No financial terms were disclosed.
NEW YORK (Reuters) – Goody’s Family Clothing, a privately held apparel retail chain which emerged from bankruptcy in October, plans to liquidate its remaining stores as the U.S. economic recession has undermined its ability to continue operating. “The company is in the processes of obtaining bids to liquidate substantially all collateral and inventory,” said Cathy […]
Charles Bott has joined BC Partners as a managing director and co-head of investor relations, according to Dow Jones. He is the former European chairman of financial sponsors at Goldman Sachs Group. www.bcpartners.com