Sources said that Credit Suisse Group AG had been in talks with Grosvenor Capital Management LP to sell its Customized Fund Investment Group.
Finance/Venture
Bank of the Ozarks completes acquisition of The First National Bank of Shelby
Bank of the Ozarks Inc. announced today that it had completed its acquisition of The First National Bank of Shelby, a transaction valued approximately at USD68.5 million.
Siena prosecutors accuses JPMorgan with obstruction in Monte Paschi probe
JPMorgan was accused by Siena prosecutors with obstruction in the Monte Paschi probe after withholding information from regulators who conducted the investigation.
Onex Corp to raise US$4.5 billion for its next fund
Sources said that Onex Corp. is raising US$4.5 billion for its next fund. Sources close to Onex Corp. said that the firm is looking to put up US$4. 5 billion for its next fund.
Leiderman sits as new Bank of Israel Governor after Fischer
Israeli Finance Minister, Benjamin Netanyahu appointed Leo Leiderman to sit as the new central bank governor of Bank of Israeli, succeeding former IMF deputy chief, Stanley Fischer.
Latest News
After six hours of trial, District Court Judge, Katherine Forrest sent the jury home and will resumed deliberation on Tourre's case on Thursday.
Venrock promoted general counsel David Stepp to partner. California-based Venrock announced the promotion of David Stepp to partner on Wednesday. Prior to his appointment as partner, Stepp worked at Cooley LLP where his responsbilities centered on venture capital partnerships and emerging growth and small-market public technology businesses.
Canaccord Genuity appointed Geoffrey Richards as the company's new Managing Director, Head of US Special Situations and Restructuring.
New and existing investors brought up Earlybird's total capital to EUR 650 million. Berlin-based Earlybird Venture Capital posted the EUR 150 million (US$200 million) final closing of the company's fourth early stage fund earlier today.
The Abraaj Group exits its HFC Bank investment after signing an agreement with Republic Bank Limited.
Alleghany Corp augmented its investment in Ares Management by putting in an additional US $250 million equity.
Wild Craze secured a US $2 million loan from TCA Global, which it intends to use for expansion. Wild Craze Inc. gets a business boost after TCA Global Credit Master Fund agreed to extend a US $2 million senior secured loan to the company, with an initial draw down of US $300,000.
Sanlam, South Africa's leading life insurer, shells out US $24 million in favor of First Strut.
BMC Software Finance Inc. said it intends to offer USD 1,380 million in senior notes through a private placement.
