Matthew Rose, head of the second largest freight railroad in the US, also believes that private equity firms cannot provide a more attractive cost of capital to railroad assets once they buy them.
1 min read · 12 January 2013
MYOB’s board has approved the terms of an amended take-private offer that values the company at A$450m, A$13m more than the previous offer.
2 min read · 12 January 2013
Creditors of bankrupt holding company Washington Mutual Inc., which once owned Washington Mutual Bank, are seeking a court order forcing the company to get written consent from the creditors before funding capital calls.
2 min read · 12 January 2013
MYOB’s board has approved the terms of an amended take-private offer that values the company at A$450m, A$13m more than the previous offer. It is the third offer since May.
2 min read · 12 January 2013
The listed French private equity firm will have to partially write down its investment in Las Vegas casino operator, Station Casino, but it says its portfolio companies are taking necessary steps to weather the global financial storm.
2 min read · 12 January 2013
The Massachusetts-based toy company has filed for Chapter 11 protection amid steep declines in sales, a result of the overall slowdown of consumer spending. Prentice Capital Management bought KB out of bankruptcy in 2004 from Bain Capital.
1 min read · 12 January 2013
The Los Angeles-based private equity firm acquired most of the food product supplier’s debt for less than $200m after it filed bankruptcy earlier this year. Madison Dearborn Capital Partners bought Pierre for $422m in 2004.
1 min read · 12 January 2013
Publicly listed energy producer Reliant Energy has concluded the termination of a $350m agreement for a sale of stock to the energy specialist. Reliant also called off a $650m loan agreement with Goldman Sachs.
2 min read · 12 January 2013
The Middle Eastern market is being affected by the credit crunch as it looks to cut back on ‘overcapacity’. The investment bank operates various private equity and real estate funds, including a $533m Saudi hospitality fund.
2 min read · 12 January 2013
The credit specialist is establishing a credit dislocation and a credit hedge fund to take advantage of the liquidity crisis in the US. The firm hired Mark Zusy, a former Lehman executive, and Sukai Liu for the New York office.
1 min read · 12 January 2013
