KKR announced that equity investment and corporate credit head William Sonneborn has resigned and will be succeeded by Craig Farr.
Firm Management
Yankee Candle drops plans at a private sale
Yankee Candle decides to pursue IPO after an unsuccessful attempt at a private sale. Yankee Candle Co, Madison Dearborn Partners' scented-candle maker unit, decided to forego attempts at a private sale, opting for an initial public offering.
David J. Greenwald set to lead Fried Frank
David J. Greenwald is set to become the Chairman of Fried Frank. David J. Greenwald, Goldman Sachs deputy general counsel and international general counsel, is set to join international law firm Fried, Frank, Harris, Shriver & Jacobson LLP in a leadership capacity.
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).
SIFCO Industries Acquires MW General
SIFCO acquires competitor commercial aerospace component supplier MW General. SIFCO Industries, Inc. , leading aerospace and energy industries components supplier, announced its acquisition of MW General's operations and operating assets.
Latest News
Former IBM Managing Director Michael Dobak has been elevated to CEO by Ogilvy & Mather. Ogilvy & Mather (O&M), one the leading marketing communications companies in the globe, announced 44-year-old Michael Dobak as CEO of California-based Ogilvy & Mather West.
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.
Time Warner Cable and CBS have yet to reach a conclusion regarding the re-transmission of CBS programming.
TPG admited that its recent purchase, Assisted Living Concepts Inc., will need a lot of work for it to succeed.
Travelers Cos. reported its biggest decline since 2008 in most recent quarterly report. Insurance company Travelers Cos. (TRV) announced the largest quarterly decline in five years during the reporting of its second-quarter results.
TwinFocus stated that it had established a Private Equity unit and brought in Orlando Mendoza to lead the newly formed unit.
Investel Capital agreed to purchase British Columbia-based Coastline Broadcasting. Investel Capital Corp. , an investment fund with offices in Toronto and Vancouver, agreed to purchase British Columbia-based cable television provider Coastline Broadcasting of Black Creek for an unspecified amount.
Colonial Savings puts a financial services veteran as new DFW Commercial Bank President. Colonial Savings has named veteran financial services professional Brent Davis as the new DFW Commercial Bank President.
Summerhill joins several investors in bringing up C2FO's total to USD 18 million, Canada-based Summerhil; Venture Partners has joined investment firm Mithril in raising C2FO growth funding to a total of USD 18 million.
