NEW YORK (Reuters) – Private equity firm Cerberus Capital Management is in advanced preparations to take rifle and ammunition maker Freedom Group Inc public, the Wall Street Journal reported on Monday, citing people familiar with the matter. Cerberus has rolled at least seven U.S. gun-and-ammunition makers into Freedom over the last three years, creating a […]
HONG KONG (Reuters) – Citigroup (C.N) appointed Jing Zhao and Simon Yoo as co-heads of its Asia Pacific Financial Institutions Group (FIG), putting in place leaders of a team with 90 bankers spread across the region. Both will be based in Hong Kong and report to Farhan Faruqui, Citi’s head of Asia Pacific Global Banking, […]
HONG KONG (Reuters) – Hedge fund Avenue Capital is in the final stages of talks to buy a Chinese medical equipment company backed by a unit of Citigroup Inc (C.N) in a deal worth over $100 million, sources familiar with the situation said on Tuesday. The exclusive talks for Shenzhen-based Landwind between Avenue Capital, one […]
Toronto-based adivsory firm Beringer Capital has added Michael Sifton and Josef Prosperi have joined Beringer as Managing Partners. Sifton was previously President & CEO of Sun Media; Propseri was previously a Director at Teachers’ Private Capital, the private equity division of the Ontario Teachers’ Pension Plan Board. PRESS RELEASE: Beringer Capital is focused on the […]
Bunker Hill Capital has developed an operating partnership with Donald W. Borden Jr. to assist in the identification and acquisition of companies in the water and wastewater industry. PRESS RELEASE Bunker Hill Capital announced today that it has partnered with Donald W. Borden Jr. to assist in the identification and acquisition of companies in the […]
Algon Group, an Atlanta-based financial advisory firm, has hired Heather L. Barlow as a Senior Managing Director and Bradley Edwards, G. Travis Hendren, and Janet L. Protas as Managing Directors. Barlow was as formerly a senior banker in the Restructuring Advisory Group at CIBC World Markets Corp. Hendren was a Director with Wachovia in its […]
IMS Health Inc is in talks with private equity firms about the sale of the company, sources familiar with the situation said on Monday. IMS, which provides data on prescription drug sales, could not be immediately reached for comment. It is scheduled to report third-quarter earnings Thursday. IMS received an initial round of bids last […]
CIT Group Inc. (NYSE: CIT), a leading provider of financing to small businesses and middle market companies, today acknowledged receipt of a letter from Carl Icahn to CIT’s Board of Directors regarding CIT’s efforts to secure financing and offering to underwrite an alternative $6 billion loan. This letter is CIT’s first indication of Mr. Icahn’s […]
The Wicks Group of Cos. has agreed to sellonline career education company Penn Foster Education Group Inc. to The Princeton Review Inc. (Nasdaq: REVU). The deal is valued at $170 million in cash.
Apax Partners has named Sandeep Naik and Shashank Singh as co-heads of the firm's India office. They both joined the firm in 2004 -- New York and London offices, respectively -- before relocating to India in 2006. Apax said that former India head Neeraj Bharadwaj "is leaving the firm to join a U.S. growth capital firm."