Ceres Inc., an agricultural biotech company backed by Warburg Pincus and Monsanto Co., has added two new underwriters to its $100 million initial public offering. Raymond James and Simmons & Company International join existing underwriters, Reuters reported. The company is based in Boston California.
China International Capital Corp., which is partly owned by U.S. private equity firms TPG Capital and Kohlberg Kravis Roberts & Co., will become the countries first investment bank to manage a trust company, Reuters reported, citing an article in the Financial Times. CICC will buy a 35% stake in Zheshang Trust, and will have primary responsibility for management.
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Bank of China is a leading contender to buy the Royal Bank of Scotland’s aircraft leasing business, RBS Aviation Capital, Reuters reported, citing the Sunday Times. The unit has also attracted interest from General Electric and private equity firm Terra Firma. According to Reuters, both submitted “expressions of interest” for the business.
The Export-Import Bank of Korea will sell a 6.25% stake in Korea Exchange Bank to Hana Financial Group, under the same terms as U.S. private equity fund Lone Star's $4.1 billion sale to Hana, Reuters reported Monday. Under what is called a “tag along” right, the bank can ask Hana to buy its stake, which is valued at about 540 billion won ($513.3 million), Reuters wrote.
Private equity firms Blackstone Group and the Carlyle Group, TPG Capital, Apollo Global Management and Warburg Pincus are among those interested in buying Morgan Keegan, the brokerage unit of Regions Financial Corp., Reuters reported. The firms, as well as Stifel Financial Corp., are expected to submit bids for Morgan Keegan Monday. Morgan Keegan has a book value of about $1.5 billion, Reuters wrote.
(Reuters) – Len Blavatnik’s Access Industries, Sony Music Entertainment and Vivendi SA’s Universal Music Group are among the music companies and private equity firms interested in buying EMI Group Ltd, people familiar with the situation said. Potential bidders for parts or all of the 114-year-old music company also include Ronald Perelman’s MacAndrews & Forbes, Tom […]
(Reuters) – Blackstone Group LP, Carlyle Group and Stifel Financial Corp are among the firms expected to submit bids Monday for Morgan Keegan, the brokerage unit of Regions Financial Corp, sources familiar with the situation said. The brokerage unit is drawing interest from several private equity firms and rivals, the sources said. TPG Capital, Apollo […]
Gordon Brothers Europe and OpCapita have joined together to make an offer for British electricals chain Comet, Reuters reported. Restructuring firm Hilco UK is also reportedly interested in the company. First round bids for the company, currently owned by Kesa, were due July 20. Bidders are to be notified within seven days if they are going through to a second round, Reuters said.
Buyout shop Charterhouse has collected roughly 510 million euros ($724 million) in loans to back its buyout of Dutch company Bureau Van Dijk Electronic Publishing from rival firm BC Partners, Reuters reported Thursday. The debt includes 370 million euros of senior loans and roughly 140 million euro of mezzanine loans, Reuters wrote. Credit Suisse, Goldman Sachs, JP Morgan and Nomura are arranging the senior financing.