Gary Bland is the State Investment Officer for New Mexico, which has committed approximately $50 million to a pair of Lehman Brothers private equity funds. peHUB: What’s your take on all this craziness? GB: The bullies are out there trying to eat everybody’s lunch. They’re trying to steal the lunch money too. So what do you think should happen? I think that it’s probably being worked on even as we speak. It’s one of those circumstances where nobody knows what to do. Every piece of news that comes out sounds bad, looks bad, is bad, the world’s coming to an end.
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TORONTO (Reuters) – Private equity group Onex Corp said on Monday it will buy a 50 percent stake in U.S. cabinet maker RSI Home Products Inc for $318 million. Onex said RSI founder and Chairman Ronald Simon will continue to own 50 percent of RSI, which makes kitchen and bathroom cabinets, along with other existing […]
Champ Private Equity, the Australian affiliate of Castle Harlan, has acquired LCR Lindores Group, an Australian industrial and mining services company. No financial terms were disclosed. PRESS RELEASE Castle Harlan, Inc., the New York-based private equity investment firm, announced today that its Australian affiliate, CHAMP Private Equity, has acquired LCR Lindores Group, one of […]
Lyceum Capital has agreed to acquire Carewatch Care Services from publicly-traded Nestor Healthcare Group PLC, for £37 million. Barclays is providing leveraged financing for the deal, which is subject to approval of Nestor shareholders. Carewatch provides home-based social care services in the UK.
NBC Universal, Bain Capital and The Blackstone Group have completed their $3.5 billion acquisition of The Weather Channel from Landmark Communications.
Capital for Business, a private equity unit of Commerce Bancshares, has acquired SoTel Systems, a Maryland Heights, Mo.-based provider of enterprise telecom equipment. No financial terms were disclosed for the deal, which was first reported by the St. Louis Business Journal. www.sotelsystems.com
NEW YORK (Reuters) – Washington Mutual’s plans for another big write-down, along with its declaration that it has enough capital to survive, soothed some investors and analysts who feared the housing crisis might cripple the lender. The largest U.S. savings and loan institution said late on Thursday it expected to set aside $4.5 billion for […]
WASHINGTON (Reuters) – Shares of Washington Mutual Inc (WM.N) whipsawed on Friday amid conflicting reports that JPMorgan Chase & Co (JPM.N) was in talks to acquire the battered savings and loan institution. The American Banker trade paper first reported that JPMorgan was in advanced talks to acquire WaMu. An industry source later told Reuters: “They […]
JPMorgan Chase & Co (JPM.N) is in advanced discussions to acquire Washington Mutual Inc (WM.N), a source familiar with the discussions said on Friday. “They are in advanced talks,” the source told Reuters. The source said the sensitive talks had been going on for some time and JPMorgan had conducted a lot of due diligence […]