Hispania Capital Partners has sold Samy Companies Inc., a Tampa, Fla.-based provider of hair-care products, to Hoyu Corp. of Japan. No financial terms were disclosed. PRESS RELEASE Hispania Capital Partners (“HCP”) announced today the sale of Samy Companies, Inc. (“SAMY”), to Hoyu Co. Ltd a privately held, international hair care products company based in […]
Close Brothers has acquired the remaining 55% stake in Spanish affiliate Atlas Capital, from firm management. The business will be renamed Atlas Capital Close Brothers, and will continue to focus on Iberian M&A advisory services. PRESS RELEASE Close Brothers, one of Europe’s leading independent corporate finance houses, has acquired the remaining 55% equity stake […]
SHANGHAI (Reuters) – Providence Equity Partners will hire General Atlantic Managing Director Sean Tong as a managing director in Hong Kong as it moves to bolster dealmaking opportunities in China, the U.S. buyout firm said on Tuesday. Tong, 34, an active dealmaker in Asia, worked for Wall Street bank Morgan Stanley (MS.N) in New York […]
LONDON (Reuters) – British bank Barclays is in talks with Lehman Brothers to buy its core U.S. broker-dealer business, including equity, fixed income, M&A advisory and other parts, people familiar with the matter said. A deal could save thousands of jobs and many of Lehman’s core investment bank operations, a day after the U.S. bank’s […]
Standard & Poor’s has lowered its long-term counterparty rating on AIG to A-, citing “reduced flexibility in meeting additional collateral needs” and “concerns over increasing residential mortgage-related losses.” It also kept AIG on creditwatch negative.
TOKYO (Reuters) – Lehman Brothers Japan Inc, a Japanese unit of Lehman Brothers Holdings, will file for court protection from creditors in Tokyo, a source said on Tuesday. The U.S. investment bank filed for bankruptcy protection in the United States on Monday. (Reporting by Taiga Uranaka; Editing by Rodney Joyce)
NEW YORK (Reuters) – Bank of America Corp’s $50 billion acquisition of Merrill Lynch & Co Inc marks the end of a storied name in American finance, but also creates the nation’s biggest bank by far. The purchase would end the 94-year independence of Merrill, Wall Street’s third-largest bank, and pair it with a banking […]
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NEW YORK (Reuters) – Bank of America’s acquisition of Merrill Lynch creates the No. 1 underwriter of global debt and equity securities, bumping off JPMorgan from the top spot, according to Thomson Reuters data. Banc of America Securities and Merrill Lynch underwrote $45.6 billion in equity worldwide year to date, compared to $39.7 billion for […]
TORONTO (Reuters) – Private equity group Onex Corp said on Monday it will buy a 50 percent stake in U.S. cabinet maker RSI Home Products Inc for $318 million. Onex said RSI founder and Chairman Ronald Simon will continue to own 50 percent of RSI, which makes kitchen and bathroom cabinets, along with other existing […]