William Sonneborn has resigned as the corporate credit and equity investments head of KKR & Co LP and Craig Farr is set to take over his post.
Finance/Venture
Global Investments completes US$1.7 billion restructuring plan
Kuwait's Global Investment House proudly announced the completion of their restructuring plan tagged at US$1.7 billion.
CIT Names Dan Henderson CIT GAP Funds investment director
CIT has named Dan Henderson as the Investment Director for CIT GAP Funds. Dan Henderson has been appointed as the Investment Director for CIT GAP Funds, according to a recent press release from the Center of Innovative Technology (CIT).
Michigan Pre-Seed Capital Fund invests $1.5 million in 6 companies
Michigan Pre-Seed Capital Fund has invested a total of $1.5 million to 6 start-ups in Michigan. The Michigan Pre-Seed Capital Fund had given funding to 6 companies in Michigan totaling $1.
UK Asset Resolution sells Northern Rock loan portfolio for $615 million
UK Asset Resolution, dubbed as Britain's "bad bank" has agreed to sell the Northern Rock loan portfolio for US$615 million.
Latest News
The Commonwealth Bank of Australia announced plans to exit the real estate business. Commonwealth Bank of Australia (CBA) said that they are in the process of seeking an avenue to leave its property management business.
BlueTarp Financial has secured additional $15 million funding from Long Ridge Equity Partners and existing investors.
Dwyane Wade and Siohvaughn Funches agreed on the terms of their divorce settlement. Dwyane Wade and Siohvaughn Funches agreed on their divorce settlement.
European stocks rebounded with Volvo and EasyJet as top gainers. European stocks have rebounded, with Volvo and EasyJet leading the top gainers. The world's largest truckmaker, Volvo, posted a gain of 3.
Selway Capital Acquisition Corporation said that they have entered a US$5 million loan and security agreement with Partners for Growth III L.P.
Carlos Danger held a press conference to apologize for leaked pictures. Anthony Weiner held a press conference recently. He admitted leaking "sexually explicit" pictures over the internet.
KKR announced that equity investment and corporate credit head William Sonneborn has resigned and will be succeeded by Craig Farr.
Flagstar Bancorp Inc gains USD 44 million in second quarter 2013 Flagstar Bancorp, Inc. , Flagstar Bank's holding company, announced its second quarter net income for 2013 of USD 65.
KKR revealed that it has secured an average combined interest rate of 4.8% for the funds to be used in the acquisition of Gardner Denver Inc.
