Astorg Partners leads the consortium that will purchase Canberra from Areva. Areva. the top nuclear reactor builder of France announced that it would be selling its nuclear radiation measurement subsidiary to a private equity group.
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High-yield bonds lure PE firms
Attractive rates and longer maturity periods are luring private equity firms to replace leveraged loans with European high-yield bonds.
Cerberus Capital to undertake IPO
Cerberus Capital is now preparing to undertake an IPO of its German property assets. Private equity firm Cerberus Capital Management LP, led by Stephen Feinberg is now going full steam ahead with an initial public offering of its German retail property assets.
India is Selling off Shareholdings in Private Firms
India, in order to raise funds to narrow the budget deficit, is selling off asset shareholdings in Indian corporations.
Michael Pausic Resigns from Maverick Capital
Michael Pausic, long time fixture at Maverick Capital would be establishing his own hedge fund. Michael Pausic of Maverick Capital manages media and telecommunications investments at the hedge fund.
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HighMark Funds, the mutual fund arm of UnionBanCal is being sold to Nationwide Financial and Reich & Tang.
Cammeby's International Group would be purchasing the Monterey for the sum of US$250 million. One of the largest apartment towers in Manhattan would be purchased by Rubin Schron, Related Cos is selling one of its assets to the part owner of the Woolworth Building.
Liberty Harbor Capital LLC is a Goldman Sachs subsidiary that would fund middle market firms with weak credit ratings.
Blackstone to pay off debts to recapitalize Multi Corp, the European real estate company. The real estate unit of Blackstone Group LP may wrest control of Multi Corp after its acquisitionof almost half of the corporate debt of the cash strapped shopping mall developer.
Fidelity Contrafund is slowly selling off its Apple shareholdings due to price decline. Fidelity Contrafund, the US$92 billion fund built by portfolio manager Will Danoff, has undertaken a process of cutting the fund's shareholdings in Apple.
Deliv, after a successful financing round, would provide same day services for consumers and retailers in major cities in the US.
On a one to one share swap, Lynnwood Capital would purchase Tantalex Corp. In an announcement, Lynnwood Capital Inc of Canada had entered into an agreement to purchase Tantalex Corp.
Horsburgh & Scott, the renowned gear manufacturer, has been acquired by private equity firm GenNx360.
Lear Corp has avoided a proxy fight with major private equity investor firms through an agreement increasing the rate of its share buyback program.
