Downsizing in the publishing space has occasionally created an opening for opportunistic real estate buyers, as demonstrated by the asset sales materializing out of Tribune.
Canadian pharmaceutical group chairman buys out Edmontons ice hockey team, plans in offing for new arena.
The BDC brought in veterans from Goldman Sachs and Lehman Brothers to oversee its PE coverage in Chicago and on the West Coast.
As the credit markets wallow, dealmakers with an appetite for distress are expected to seek out loan-to-own strategies as a way to stay active in the deal market.
New executive held senior roles at Mercantile Bankshares, Deutsche Bank and Bankers Trust.
U.S. credit rating agency Standard & Poor's will not rate any more new bonds pooling home equity loans to prime and subprime borrowers because losses on some existing bond deals have been so great the agency cannot figure out how to rate the new deals.
New research indicates the acquisition company IPO market isn't expected to be overly robust in 2008, according to Palo Alto, Calif.-based SPAC Research Partners. The research firm expects the number of acquisition companies going public in 2008 will decline 10%, while 25% of all SPAC acquisitions are expected to be vetoed by shareholders in 2008.
Washington Mutual said Tuesday it has agreed to receive a $7 billion investment from TPG Capital and other investors, bolstering its capital base.
Boutique banks had, until recently, dominated the domestic market for special purpose acquisition companies (SPACs). However, as the Goldman Sachs and Deutsche Banks of the world entered the domestic SPAC market, the trailblazers have turned their gaze to China, hoping that the region proves accommodating for smaller SPAC offerings.
CIT Group is exploring the sale of non-strategic assets and some business lines after announcing it was now drawing on billions in emergency credit to finance its core commercial franchises.