Joel Wheeler has joined the London office of law firm Crowell & Moring as a partner in the firm's corporate group. He previously was with Debevoise & Plimpton.
WASHINGTON (Reuters) – The U.S. Treasury Department will announce on Monday that three more funds have met requirements to get government financing that will let them begin purchases of banks’ so-called toxic assets. Treasury said last Wednesday, which was September 30, that Invesco Ltd and Trust Company of the West, or TCW, were the first […]
AMSTERDAM (Reuters) – NXP Semiconductors is swapping its TV and set-top box chip assets for a majority stake in U.S. peer Trident Microsystems (TRID.O), which will boost Trident’s share of the digital home entertainment market. Privately held Dutch company NXP will end up with a 60 percent stake in Trident, which makes chips and software […]
NEW YORK (Reuters) – A group of investors including Starwood Capital Group and private equity firm TPG are the likely winner of the auction for assets of failed Corus Bank, a source familiar with the situation said on Friday. The Federal Deposit Insurance Corp (FDIC) is running the auction, which is being watched for its […]
NEW YORK (Reuters) – Private-equity backed West Corp, an operator of call centers and conference calls backed by private equity firms, filed plans on Friday to raise as much as $500 million in an initial public offering. The Omaha, Nebraska-based company was acquired in 2006 by a group led by private equity firms THL and […]
PHILADELPHIA/NEW YORK (Reuters) – Private equity firm Blackstone Group (BX.N) is in talks to buy Anheuser-Busch InBev NV’s (ABI.BR) theme parks, and a deal could be reached as early as next week, sources familiar with the situation said on Friday. The deal, which hasn’t been signed and could fall apart, might fetch roughly $2.5 billion […]
LONDON (Reuters) – Private equity firm CVC Capital Partners has put more equity into its bid for Anheuser-Busch InBev’s (ABI.BR) central and eastern European (CEE) assets, two bankers close to the deal said on Friday. CVC has lifted its equity contribution to 60-65 percent of the anticipated 1.4 billion euro purchase price to clinch the […]
Vista Equity Partners has completed its acquisition of MicroEdge, a New York-based provider of sofware and services to the charitable giving industry, from Advent Software Inc. (Nasdaq: ADVS). The deal was valued at approximately $30 million in cash.
Stream Global Services Inc. (AMEX: OOO) has completed its merger with the parent company of eTelecare Global Solutions Inc. The stock-for-stock exchange results in Stream shareholders owning 57.5% of the combined call center company, and eTelecare shareholders holding 42.5 percent. eTelecare was taken private last December by Providence Equity Partners.
Duke Street, a UK private equity firm, is planning to cede control of biscuit maker Burton’s Foods to lenders Apollo Management and Canadian Imperial Bank of Commerce, according to Dow Jones. Duke Street would retain a minority stake in the company. www.dukestreet.com