(Reuters) – Hedge fund manager John Paulson is considering merging troubled U.S. finance company CIT Group (CIT.N) with failed mortgage lender IndyMac Federal Bank, the New York Post said, citing people familiar with the matter. According to the paper, the merger, a plan floated by a number of CIT’s creditors including Paulson, is not part […]
Gail Long, former executive director of ACG Boston, has joined two firms as a senior consultant. The first is national turnaround and restructuring firm Getzler Henrich & Associates, while the other is New York-based direct secondaries firm W Capital Partners. Long has been succeeded at ACG Boston by Christy Dancause, who previously was the organization’s director […]
BALACLAVA, Mauritius (Reuters) – Mauritius plans to become a financial platform for private equity providers eying investment opportunities in Africa, the Indian Ocean nation’s finance minister said on Monday. Ramakrishna Sithanen said Mauritius’ reputation as one of the continent’s most stable and consistently high-performing economies made it an attractive option for investors. The palm-fringed island’s […]
LONDON (Reuters) – Britain has appointed private equity executive Stephan Wilcke to head its Asset Protection Agency, the body designed to oversees its proposed insurance scheme for banks’ toxic assets, the country’s finance ministry said on Friday. Wilcke joins from credit asset manager Cairn Capital and was formerly a partner at private equity firm Apax […]
TA Associates has acquired a minroity stake in Dealer Tire LLC, a Cleveland-based provider of logistics and program management services for the replacement tire market. No financial terms were disclosed.
Evolution Capital Partners of Cleveland has invested an undisclosed amount of equity into American Eagle Mortgage, a Loraine, Ohio-based mortgage lender providing loans in Ohio, Kentucky and Florida.
Pappas Ventures has promoted Eric Linsley to managing partner. He joined the firm in 2000. PRESS RELEASE Pappas Ventures today announced that Eric W. Linsley has been promoted to Managing Partner. As managing partner, Linsley will play an enhanced leadership role on a team of investment, biotechnology and medical professionals who manage more than $350 […]
(Reuters) – Package delivery company Velocity Express Corp (VEXP.PK) and 12 of its affiliates filed for Chapter 11 protection in a Delaware court on Thursday, court filings showed. The company said its revenue had dropped 35 percent in the past year as many of its customers cut their shipping expenses. Velocity added that it was […]
Mint Capital, a Scandinavian private equity firm, has acquired Russian pub chain Tinkoff, for an undisclosed amount. Dow Jones reports that the deal came after Tinkoff’s founder posted a Twitter message about wanting to sell his 70% stake. www.mintcap.ru
Robert Grady, a partner with The Carlyle Group, has joined the board of Thomas Weisel Partners Group Inc. (Nasdaq: TWPG).