VC Circle |
October 7th, 2008 |
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This is but just the right time for PE investors to make investments in realty especially in those developers who have hoarded landbanks and are now finding it difficult to execute projects reeling under a severe cash crunch. MetroCorp, a Bangalore-based realtor, is reportedly close to raising $300 million (about [...]
VC Circle |
October 7th, 2008 |
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Investment banking veteran Munesh Khanna has left Halcyon Group to form his own investment banking outfit, Resonus Advisors Pvt Ltd. Khanna has confirmed the development to VCCircle. Resonus will do typical corporate finance activities, investment banking, M&A, private equity syndication, balance sheet restructuring and advising on India entry strategies to MNCs. Resonus [...]
VC Circle |
October 6th, 2008 |
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CDC Group, the UK government-backed fund of funds with net assets of $4 billion, is probably the most active fund of funds in India. CDC, which primarily backed its emerging markets focused fund Actis, has of late diversified its exposure to a host of other India focused private equity funds. CDC [...]
VC Circle |
October 6th, 2008 |
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Private equity firms are starting to team up to bid for a $400 million stake in India's Firstsource Solutions, sources familiar with the matter said, amid concerns that the price of the deal is too high. Apax Capital Partners, Blackstone Group and Providence Equity Partners are among the firms looking [...]
VC Circle |
October 6th, 2008 |
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The tax season just ended in India with the end of the year tax assessments on September 30 and many companies were busy with their filings. The recent sale of Hutchison Telecom International’s (HTIL) stake in Hutchison Essar Limited (HEL) for approximately $11.1 billion to Vodafone International Holdings BV (Vodafone) [...]
The Times |
October 5th, 2008 |
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CARLYLE Group is heading for a showdown with creditors and management of IMO Car Wash, the world’s biggest car-wash company.[...]
The move is the latest in a series of halting attempts by investment firms to hunt for bargains in bombed-out sectors of the credit markets[...]
AltAssets |
October 5th, 2008 |
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Norwegian company Tandberg ends talks with private equity investor[...]
NYT Dealbook |
October 5th, 2008 |
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In a sometimes bracing letter to investors, TPG-Axon head Dinakar Singh outlines the sort of problems that have plagued many hedge fund managers over recent weeks.[...]
The video-game retailer GameStop said it would acquire a French video-game retailer, Micromania, from a private equity fund for $700 million, including debt, to gain a presence in France.[...]
24/7 Wall St. |
October 1st, 2008 |
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These are some of the downgrades and cautious analyst calls we are seeing this Wednesday morning: American Capital (ACAS) Cut To Underweight from Neutral By JP Morgan. Boston Scientific (BSX) Cut to Underperform at Merrill Lynch. Comverse Tech (CMVT) Cut to Sell at Canaccord. Federal Signal Corp. (FSS) Cut to [...]
New York Times |
September 30th, 2008 |
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Huntsman said that a court had ordered Apollo Management and Hexion Specialty Chemicals to honor the terms of their $6.5 billion offer to acquire Huntsman.[...]
NYT Dealbook |
September 30th, 2008 |
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A judge has ruled that private equity firm Apollo Management and its portfolio company Hexion Specialty Chemicals must honor a $6.5 billion buyout deal for rival chemical maker Huntsman. Delaware Chancery Court Judge Stephen Lamb on Monday dismissed a bid by Apollo and Hexion to end the deal, finding that [...]
24/7 Wall St. |
September 30th, 2008 |
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According to Reuters, the credit crisis has sharply increased the chances of a deep recession. Reuters reports that the fall in the stock market is pushing investors into safe investments like Treasuries. Reuters reports that a freeze up in money markets may cause a rate cut.Reuters reports that Citigroup (C) [...]
Market Watch |
September 29th, 2008 |
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Neuberger Berman, the mutual-fund arm of Lehman Brothers Holdings, has been sold for $2.15 billion to private-equity companies Bain Capital Partners and Hellman & Friedman.[...]
NYT Dealbook |
September 29th, 2008 |
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The post-trial briefs are in - and they total 180 pages. The documents are the latest development in the litigation over the proposed merger of Huntsman and Hexion Specialty Chemicals. Hexion and its private equity backer, Apollo Management, have sued to end the deal, arguing the combined entity would be [...]
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