NEW YORK (Reuters) – OneWest Bank Group LLC, a thrift holding company, on Thursday announced OneWest Bank’s completion of the acquisition of the banking operations of IndyMac Federal Bank from the Federal Deposit Insurance Corporation. A federal savings bank with total assets of $16 billion and $1.55 billion in common equity, OneWest will operate as […]
LONDON (Reuters) – U.S. skincare specialist Stiefel Laboratories Inc is considering selling itself and has asked Blackstone Group (BX.N) to seek offers for the business, a person familiar with the situation said on Friday. The privately-held pharmaceutical maker is the world’s largest independent dermatology company and is viewed as a potentially attractive asset for major […]
JLL Partners has completed its tender offer for all outstanding common shares of PharmaNet Development Group Inc. (Nasdaq: PDGI), a provider of clinical development services. The deal was valued at approximately $98 million.
Shackleton Advisors has acquired the CyberGlove business of Immersion Corp. (Nasdaq: IMMR). No financial terms were disclosed. CyberGlobe makes products used to capture hand and finger motion and manipulate objects in virtual reality.
EQT Infrastructure and FortiStar have agreed to acquire MCV, a Midland, Mich.-based gas-fired cogeneration plant, from GSO Capital Partners, Rockland Capital Energy and The Dow Chemical Company. No pricing terms for the leveraged acquisition were disclosed.
MILAN (Reuters) – Italy’s Fiat SpA (FIA.MI) denied on Friday it would assume any current or future debt from Chrysler LLC, the troubled U.S. car maker with which it plans to form a partnership. “Fiat Group intends to make it absolutely clear that the proposed alliance will not entail the assumption of any current or […]
LONDON (Reuters) – Premier Foods (PFD.L), maker of household favourites like Hovis bread and Branston pickle, has had received subscriptions for 66 percent of the new shares it is issuing to raise 404 million pounds ($575.5 million). The company, looking to pay down 1.8 billion pounds in debt built up through acquisitions, said on Friday […]
The Mustang Group is banking on stability in the golf industry and growth opportunities with its latest investment. The Boston-based firm led a buyout of Country Club Enterprises, a company that distributes golf cars to golf courses in New England, the firm disclosed to peHUB sister publication, Buyouts. Managing Partner Ben Coes said the deal came in under $100 million in enterprise value, but declined to discuss specifics. CEO David Farina and The Gladstone Companies, a McLean, Va.-based investment firm, invested alongside Mustang. Gladstone also provided sub-debt and TD Banknorth NA provided senior debt. The Wareham, Mass.-based company employs 50.
Corsair Capital LLC is getting ready to package up its next financial services investment fund, which is expected to launch sometime in the second quarter of 2009 with a target north of $1 billion, a source with knowledge of the situation said. New York-based Corsair Capital is holding preliminary discussions with its existing limited partner […]
NEW YORK (Reuters) – Private equity firm Apollo Group is planning to take ownership of most of Charter Communications Inc (CHTR.O) through the cable company’s reorganization in bankruptcy court, according to three sources familiar with the situation. Apollo, which has purchased Charter’s debt, plans to own the majority of its equity following the bankruptcy restructuring, […]