JPM, others underwrite aggressive Tibco buyout loan

JPMorgan Chase & Co has teamed up with unregulated lenders to underwrite a highly leveraged buyout financing for the acquisition of business software maker Tibco Software Inc, which could contravene regulatory guidelines on risky lending, sister magazine Thomson Reuters IFR reported, citing sources.


Ares Management prepares to file for IPO – sources: Reuters

Ares Management LLC, the credit investment and private equity firm that has been pitched on the idea of an initial public offering for more than a year, is finally close to registering to go public, two people familiar with the matter told sister news service Reuters.

Reuters – MGM Board Expected to Discuss IPO

The board of MGM, the Hollywood studio that exited bankruptcy in 2010, will discuss a long-awaited initial stock offering when it meets on March 18 amid indications that debt-holders who control the company may be nearing a decision to file, writes Reuters. MGM is being advised by Goldman Sachs Group and JPMorgan Chase & Co on a possible IPO, writes Reuters.


Reuters – SilkRoad Selects Banks for IPO

Human resources software company SilkRoad has selected JPMorgan Chase & Co and Piper Jaffray Cos to lead an initial public offering later this year, writes Reuters. Founded by serial entrepreneur Flip Filipowski in 2003, the company’s investors include Azure Capital Partners, Tenaya Capital and Foundation Capital.

Reuters – AMD Hires Bank to Explore Options

Advanced Micro Devices has hired JPMorgan Chase & Co to explore options which could include a sale writes Reuters. Sources told Reuters on Tuesday that an outright sale of the company is not a priority, and other options for AMD could include a sale of its portfolio of patents.

JPMorgan Invests $400M in India’s SKIL Infrastructure

A fund managed by JPMorgan Chase & Co. is pouring $400 million into India’s SKIL Infrastructure, sealing a stake of just under 20%, Reuters reported Tuesday. SKIL controls ship-builder Pipavav Defence and Offshore Engineering Ltd. The company plans to use the infusion to pay down debt, Reuters wrote.

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