Matt Levin
The Cerberus-owned home and auto lender has agreed to sell its home services division to the Toronto-based investment firm Brookfield Asset Management.
Founder Wesley Edens has said the firm will not pay a third quarter dividend in order to retain capital for ‘tremendous opportunities’ in banks, insurance companies and other asset management businesses.
The Maryland-based private equity firm has appointed long-time investment professional David Steinglass to head its first presence in Asia.
The private equity-backed developer of the popular language learning software will use the proceeds to repay $12m debt. Rosetta recently inked an endorsement deal with several US Olympic athletes, including swimming champion Michael Phelps.
The boutique investment bank will invest $23m alongside the blank cheque company it sponsored in Iridium Holdings. Robert Niehaus, founder of Greenhill's private equity unit, will become Iridum's chairman if the deal is approved by SPAC shareholders.
Gregory Case has joined middle market-focused LLR, noting that as Apax moved more firmly into mega-market territory, the smaller tech deals he specialised in 'just weren't large enough anymore'.
KKR, TPG and French energy giant Electricite de France have lost a bidding war with Warren Buffett-led Berkshire Hathaway for the US utility company. The private equity consortium had offered to pay roughly $1.5bn more for Constellation Energy.
Blank cheque company MBF Healthcare Acquisition will pay $12m less for Kohlberg & Company-owned Critical Homecare Solutions, just a month after cutting the initial price tag from $534m to $479m. The SPAC arranged a new financing scheme last month.
Amid uncertainty over how the government bailout of its parent company will affect its future, AIG Investments closed a deal yesterday with an undisclosed investment in Blue Intercontinental Micro Finance Bank.
Middle market specialist Kohlberg & Company has agreed to pay between $185m and $205m million in equity and assumed debt for Connecticut-based Centerplate.