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Monomoy Boosts Molded Plastics Biz

October 9, 2008 - PE shop plans tuck-in with Atlantis, L&P Plastics to expand reach.

PwC Shuffles Execs

October 9, 2008 - McCaffrey to fill role being vacated by PwC's next CFO.

Emerging Capital Buys African Bank

October 8, 2008 - The Washington, DC private equity firm acquired a minority stake of Financial BC SA for $28 million.

Fundraze

October 8, 2008 - Institutional investors will still invest, but the fundraising market looks nothing like it did 18 months ago.

SPACs Face Difficulty Overseas As Well

October 8, 2008 - Two large Europe-bound blank checks are hampered by poor market conditions.

Deutsche Bank Hires Industrials Head

October 7, 2008 - Paul Stefanick, a managing director at Merrill Lynch since ’05, will join the German bank in January 2009.

Fed OKs Mitsubishi's Morgan Stanley Buy

October 7, 2008 - With minority investment, firms plan to pursue a global strategic alliance with a particular focus on corporate and investment banking.

SPACs Brace for Hedge Fund Industry Shrinkage

October 3, 2008 - Unwinding positions could hamper SPAC backlog; mid-market companies eyeing blank-check exits may find opportunities dwindling in near-term.

Wells Fargo To Acquire Wachovia

October 3, 2008 - Citi seethes at the announcement, and threatens legal action following FDIC chairman’s support.

Buffett To Inject $3B Into GE

October 2, 2008 - Once again, the Oracle of Omaha demonstrates his confidence in Wall Street.

Evercore Snatches Perseus’ Newton

October 1, 2008 - 20 year PE investment veteran will join Evercore’s investment committee.

US House Rejects Bailout Bill; Dow Off 777 Points

September 29, 2008 - After three hours of debate, the House unexpectedly rejected the bill that would create a government facility to buy troubled assets.

Bailout Plan Reached, Vote Coming Later

September 29, 2008 - If the bill is passed and signed, Treasury would immediately get $250 billion to start buying up bad mortgage-related assets.

Citi Assumes Various Wachovia Assets

September 29, 2008 - The bank, with an FDIC loss-protection agreement in hand, paid $2.16 billion to assume more than $700 billion worth of assets and liabilities.

GE Capital To Scale Back

September 26, 2008 - GE cited the 'unprecedented' turmoil on Wall Street for the strategic decision, which came alongside reduced guidance from the conglomerate.