David Snow
The former GM auto parts business will receive up to $3.4bn in financing from Cerberus, Appaloosa, Harbinger and other investors as the company emerges from bankruptcy protection.
Blackstone, Goldman Sachs, KKR and TPG have agreed to take private Biomet, a maker of replacement joints, alongside the company’s founder. At the same time, Biomet is investigating stock option back-dating practices approved by senior management.
Around the world, financial sponsor-backed deals represented a significantly greater share of total M&A volume in 2006 than in previous years. The jump was especially remarkable in the US, where private equity deals were more than one fourth of total M&A.
David Tanner, one of four ex-Lazard founders of Quadrangle Group, is will ‘leave’ the firm to focus on not-for-profit activities and to work in the investment arm of ContiGroup, a pork and poultry company.
Around the world, financial sponsor-backed deals represented a significantly greater share of total M&A volume in 2006 than in previous years. The jump was especially remarkable in the US, where private equity deals were more than one fourth of total M&A.
David Tanner, one of four ex-Lazard founders of Quadrangle Group, is will ‘leave’ the firm to focus on not-for-profit activities and to work in the investment arm of ContiGroup, a pork and poultry company.
Around the world, financial sponsor-backed deals represented a significantly greater share of total M&A volume in 2006 than in previous years. The jump was especially remarkable in the US, where private equity deals were more than one fourth of total M&A.
David Tanner, one of four ex-Lazard founders of Quadrangle Group, is will ‘leave’ the firm to focus on not-for-profit activities and to work in the investment arm of ContiGroup, a pork and poultry company.
Guggenheim Aviation Partners, a division of Guggenheim Partners, has ordered three Boeing 777 freighter jets as the firm pursues a $750m fund.
Pacific Corporate Group, the embattled La Jolla, California private equity advisor, has ’fired’ two key managing directors – David Scopelliti and Tom Keck - following the departures of five other top professionals in recent months.