Arbor Investments has acquired a majority stake in Bradshaw International Inc., a Rancho Cucamonga, Calif.–based wholesale distributor and market of kitchen and cleaning products. No financial terms were disclosed. www.goodcook.com
Legends Hospitality Management LLC, a Newark, N.J.-based provider of sports business services, has been formed by The New York Yankees, the Dallas Cowboys, Goldman Sachs and CIC Partners. No financial terms were disclosed. Legends will be led by Michael Rawlings, former president of Pizza Hut.
Beechbook Capital, an London-based investment firm founded in May 2008, has received a commitment of US$75m to its mezzanine fund Beechbrook Mezzanine I. The cornerstone investment was commited by FRM Capital Advisors (FCA), the hedge fund seeding business of Financial Risk Management. Beechbrook will seek to raise further capital ahead of a second closing of the […]
Opportunities in the distressed debt and special situations sector are such that buyout chief Jon Moulton is considering raising another fund to target the space, just eighteen months after raising a previous vehicle. According to a report in the Financial Times, Moulton, through his private equity firm Alchemy Partners, is considering raising £1bn for distressed […]
LONDON (Reuters) – European secondary loan prices breached 70 percent of face value for the first time on Monday, reaching new record lows of 68.76 that continue to inflict pain on mark-to-market investors, according to RLPC data. The low secondary loan prices reflect heavy forced selling by stressed investors that has also weighed on the […]
WARSAW (Reuters) – Polish oil venture Petrolinvest PROL.WA is in talks with private equity funds to sell up to $250 million worth of new shares to raise cash for drilling in Kazakhstan, its chief executive was quoted as saying on Tuesday. The share issue, which may be approved by the end of this year, would […]
SHANGHAI/BEIJING (Reuters) – China Life’s (2628.HK: Quote, Profile, Research, Stock Buzz) chief investment officer has been appointed chairman of the private equity arm of CITIC Securities (CITICS) (600030.SS: Quote, Profile, Research, Stock Buzz), China’s top brokerage, two sources with direct knowledge of the matter said on Tuesday. Liu Lefei had met staff at CITICS Private […]
SHANGHAI (Reuters) – British private equity firm Actis said on Tuesday it had led a consortium investing $103 million in Ambow Education Co Ltd, a Chinese educational services provider that targets middle school students. The $103 million investment led by Actis, the latest round of private fund-raising for the Beijing-based company, came after a consortium […]
NEW YORK/DETROIT (Reuters) – General Motors Corp (GM.N: Quote, Profile, Research, Stock Buzz) has detailed a plan to slash costs at Chrysler LLC but initial attempts to secure financing for the controversial merger have been rebuffed, raising new doubts about whether it can be completed without government aid. GM Chief Operating Officer Fritz Henderson and […]
NEW YORK (Reuters) – The Federal Deposit Insurance Corp may have “significant claims” against bankrupt savings and loan Washington Mutual Inc (WAMUQ.PK: Quote, Profile, Research, Stock Buzz), it said in court documents on Monday. In documents filed with the U.S. Bankruptcy Court in Delaware, the FDIC said it wanted to protect any rights it may […]