Broadpoint Capital has named Michael Volcker as head of the investment grade group in its debt capital markets unit. He joined the firm last July from Bank of America, and had been running Broadpoint's preferred/hybrids unit within the debt capital markets division.
NEW YORK (Reuters) – Proposed rules in Europe to increase regulation on private equity are worrying U.S. buyout firms, and the worst case scenario could be a serious threat to fund-raising by U.S. firms there, the head of the buyout firms’ industry group said on Wednesday. “There’s no question that the regulatory environment in Europe […]
SYDNEY (Reuters) – Australia’s largest private equity firm, Pacific Equity Partners, is considering selling or floating its Hoyts cinema chain, the latest in a string of potential private equity exits, a source familiar with the situation said.Australian press reports have put the value of the cinema chain, the country’s second largest, at up to A$1 […]
FRANKFURT (Reuters) – Commercial broadcaster ProSiebenSat1 (PSMG_p.DE) refrained from giving an outlook for 2010 due to the continued lack of market visibility and said it plans to keep its dividend flat “Despite a fourth quarter that exceeded expectations, any comments on the current fiscal years would be based on too much uncertainty,” the company said […]
BEIJING (Reuters) – Morgan Stanley (MS.N) has found buyers for its stake in Chinese investment bank China International Capital Corp, CICC Chairman Li Jiange said on Thursday. The firms have reached a consensus regarding the stake sale and the deal was awaiting regulatory approval, Li said. “The deal has been proceeding very smoothly and has […]
LONDON (Reuters) – SVG Capital Plc (SVI.L) said asset values rebounded after Permira — the buy-out group whose main backer it is — cut debt and saw the companies it owns improve their performance, sending its shares soaring. The private equity investor, a listed proxy for Permira, said on Thursday its net asset value per […]
High Road Capital Partners has acquired Celco Controls, a Winnipeg-based maker of customized automation control systems for a variety of industries. No pricing terms were disclosed. Bank of Montreal provided senior debt financing, while BMO Capital provided subordinated notes.
Mark Montgomery has joined Claritas Capital as the firm's first entrepreneur-in-residence. He was co-founder of Echo, a Nashville, Tenn.-based digital media and services company acquired by IAC/Ticketmaster in 2007.
WASHINGTON (Reuters) – U.S. banks would be banned from proprietary trading and other large financial firms would face quantitative limits on such activity, according to draft language on the so-called “Volcker rule” from the Obama administration. The language maintains the toughest components of the proposal first floated in January, despite skepticism from lawmakers and the […]
LONDON (Reuters) – A bold plan to combine Germany’s Ratiopharm and Iceland’s Actavis, two of the world’s biggest generic drugmakers, could cure a multi billion-euro debt headache for Deutsche Bank (DBKGn.DE), Actavis’s main creditor. Actavis is vying with Pfizer Inc (PFE.N) and Israel’s Teva Pharmaceutical Industries (TEVA.TA) in the 3 billion-euro auction of Ratiopharm, which […]