NEW YORK (Reuters) – A major Washington Mutual Inc investor has waived an agreement that restricted the largest U.S. savings and loan from raising capital, a move that reflects the financial difficulties of the Seattle-based thrift. TPG Inc, a private equity firm led by David Bonderman, had invested $2 billion earlier this year as part […]
(Reuters) – Washington Mutual’s board would seriously consider a merger offer even at a discount to what the Seattle-based thrift believes it is worth, as it faces mounting pressure to pursue options amid credit-rating downgrades, an analyst at Merrill Lynch said. “Recent markets disruption and lack confidence that Washington Mutual can withstand the credit cycle […]
Ferrovial’s British airports operator BAA said on Wednesday it is putting its Gatwick airport in London up for sale. ‘We have decided to begin the process of selling Gatwick Airport immediately,’ Colin Matthews, chief executive of Spanish owned-BAA, told reporters in Toronto. Sector sources said Gatwick, one of the Europe’s busiest airports with 35 million […]
Baird Capital Partners Europe, the UK mid-market buyout arm of Baird, has backed portfolio company Choices Holdings Limited’s acquisition of Glasgow-based care group Domiciliary Care. No price was given for the bolt-on acquisition. A 2006 investment, Baird Capital Partners Europe, then known as Granville Baird Capital Partners, put £10m into the management buyout of Choices […]
Creo Capital Partners has acquired the assets of Sataria Distribution and Packaging, an Indianapolis-based provider of third-party-logistics. No financial terms were disclosed.
Bug Music Inc., a Los Angeles-based music publisher sponsored by Spectrum Equity Investors, has secured a $200 million credit facility led by JPMorgan. It can be increased to $250 million, and is priced at Libor plus 2.5 percent. PRESS RELEASE Bug Music, Inc., one of the world’s largest independent music publishers, has secured a […]
HONG KONG (Reuters) – Hanwha Group has hired investment bank JPMorgan (JPM.N) to sell a 9.9 percent stake in its Korea Life insurance unit, sources said on Wednesday, in a deal that could value the unit at more than $7.5 billion. Affinity Equity, Carlyle Group and MBK Partners are among several private equity firms interested […]
First Reserve Corp. has completed its C$3.7 billion buyout of CHC Helicopter Corp. (NYSE: FLI), a provider of helicopter services to the global offshore oil and gas industry. Morgan Stanley led the debt syndicate.
TORONTO (Reuters) – Shares of BCE Inc (BCE.TO) are in a renewed fall as the crisis roiling the financial markets is again worrying investors concerned that funding for the company’s C$34.8-billion ($32.5 billion) buyout may fall apart. Having stayed stable in recent months, the shares have given up about 9 percent since the beginning of […]
The Halifax Group has sponsored a management recapitalization of Nutrition Physiology Corp., a Guymon, Oklahoma-based provider of direct-fed-microbial feed additives to feedlots and dairies. No financial terms were disclosed.